The world’s largest producer of application-specific built-in circuit (ASIC) bitcoin miners, Bitmain Applied sciences, has revealed the corporate is providing a reduction on Antminer S19 Professional mining rigs. The 100 terahash per second (TH/s) machine is promoting for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they have been 5 months in the past on March 28.
Bitmain Cuts S19 Professional Costs Right down to $19 per Terahash
Amid the crypto winter and the crypto financial system’s market capitalization hovering round $927.21 billion, Bitmain Applied sciences has determined to promote its Antminer S19 Professional mining rigs at a reduction. On the identical time, the value of bitcoin (BTC) is down 5.52% over the last seven days and is at the moment buying and selling for beneath $20K per unit. The cryptocurrency community’s mining problem is at an all-time excessive and the community’s hashrate is coasting alongside at the moment at 223.73 exahash per second (EH/s).
“Bitmain is providing an Antiminer S19 Professional particular low cost for less than $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain gross sales consultant immediately. Clients who’ve already bought S19 Professional shall be eligible for coupons,” the corporate added.
Bitmain’s 100 TH/s Know-how Is 80% Cheaper Than 5 Months In the past, Crypto Winter Highlights ASIC Purchases at a ‘Discounted Value’
Bitmain’s sale is quite a bit cheaper than the Antiminer S19 Professional’s unique costs. On March 29, 2022, a buyer might buy an Antiminer S19j Professional with 104 TH/s for $9,984 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 S19 costs 5 months in the past. Decrease costs could also be contributing to the huge growth from a variety of operations and Bitcoin’s sky-high hashrate in current occasions.
This week, the Nasdaq-listed and Gwyneth Paltrow-backed Terawulf (Nasdaq: WULF) revealed its Lake Mariner mining information heart now has 12,000 Mining Rigs working on the facility and quite a lot of Terawulf’s rigs are Antminer S19s. 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.”
What do you consider Bitmain dropping the value of the Antminer S19 Professional items this week? Tell us what you consider this topic within the feedback part under.
Picture Credit: Shutterstock, Pixabay, Wiki Commons, Bitmain
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