World’s Largest ASIC Producer Bitmain Cuts Costs for Antminer’s Bitcoin Mining Rig

World’s Largest ASIC Producer Bitmain Cuts Costs for Antminer’s Bitcoin Mining Rig

Bitmain Applied sciences, the world’s largest producer of application-specific built-in circuit (ASIC) bitcoin miners, has revealed that the corporate is providing a reduction on Antminer S19 Professional mining rigs. The 100 terahash per second (TH/ s) sells for $19 per terahash or $1,900 per unit. Antminer mining rigs are 80% cheaper than 5 months in the past on March 28.

Bitmain drops S19 Professional costs to $19 per Terahash

Amidst the crypto winter and the market capitalization of the crypto financial system hovering round $927.21 billion, Bitmain Applied sciences has determined to promote its Antminer S19 Professional mining rigs at a reduction. On the similar time, the worth of bitcoin (BTC) has dropped by 5.52% during the last seven days and is at the moment buying and selling under $20,000 per unit. The cryptocurrency community’s mining problem is at an all-time excessive and the community’s hash fee is advancing right this moment at 223.73 exhash per second (EH/s).

“Bitmain presents a particular low cost of Antiminer S19 Professional for less than $19/T”, Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain gross sales consultant straight. Prospects who’ve already bought S19 Professional shall be eligible for coupons,” the corporate added.

Bitmain’s 100 TH/s Tech Is 80% Cheaper Than 5 Months In the past, Crypto Winter Highlights ASIC Purchases At “Discounted Value”

Bitmain’s sale is less expensive than the unique costs of the Antiminer S19 Professional. On March 29, 2022, a buyer might purchase an Antiminer S19j Professional with 104 TH/s for $9984 per unit. The 100 TH/s S19, which produces a barely smaller hashrate than the S19j Professional, is 80.96% cheaper (at $1,900 per unit) than the S19 costs 5 months in the past. Decrease costs could also be contributing to the large growth of a lot of trades and the excessive hash fee of Bitcoin in current occasions.

World's Largest ASIC Producer Bitmain Cuts Prices for Antminer's Bitcoin Mining Rig
Present costs of Bitmain Antminer S19 Professional as of September 21, 2022.

This week, Nasdaq-listed Terawulf (Nasdaq: WULF), which is backed by Gwyneth Paltrow, revealed that its Lake Mariner mining knowledge middle now has 12,000 mining rigs operating on the facility and a big portion of the rigs from Terawulf are Antminer S19. Cleanspark Inc. (Nasdaq: CLSK) has additionally detailed that the crypto winter has introduced “unprecedented alternatives” after it acquired 1,061 ASIC mining rigs at a “discounted worth.”

Tags on this story

$19 per terahash, 100 terahash, Antiminer S19j Professional, Antminer S19 Professional, Antminer S19 Professional models, antminers, ASIC machines, ASIC mining rigs, ASIC, Bitcoin, Bitcoin (BTC), Bitcoin hash fee, Bitcoin mining rigs , Bitmain, Bitmain Applied sciences, BTC Costs, Cleanspark, Crypto Winter, Hashpower, Hashrate, Terawulf

What do you consider Bitmain decreasing the worth of Antminer S19 Professional models this week? Tell us what you consider this subject within the feedback part under.

jamie redman

Jamie Redman is the information lead at Information and a fintech journalist based mostly in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He’s captivated with Bitcoin, open supply code, and decentralized purposes. Since September 2015, Redman has written over 6,000 articles for Information concerning the disruptive protocols rising right this moment.

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