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Bitmain Slashes Bitcoin Miner Prices

Bitmain Slashes Bitcoin Miner Prices

Bitmain cuts prices on bitcoin mining rigs, offering significant discounts.

Bitmain has significantly reduced prices on both outdated and modern bitcoin mining rigs, according to TheMinerMag, citing the manufacturer’s price list for clients.

On December 23, the company offered buyers a set of four Antminer S19 XP+ Hyd paired with an ANTRACK V2 container for $4 per TH/s. Equipment shipments are possible in January. The model boasts an energy efficiency of 19 J/TH.

In late November, Bitmain launched an auction sale of the Antminer S19 k Pro with air cooling and an energy consumption rate of 23 J/TH. The starting bid was $5.5 per TH/s.

According to price lists obtained by the industry publication and distributed by the manufacturer to clients, the discounts are not limited to specific promotional campaigns. As of December 22, the company offered prices starting at $3 per TH/s for S19e XP Hydro and 3U S19 XP Hydro units. The Antminer S19 XP+ Hyd is available for $4 per TH/s, as in the package with ANTRACK V2.

Bitmain has also significantly reduced the cost of next-generation miners: immersion S21 units are sold for $7 per TH/s, while S21+ with hydro cooling are approximately $8. The energy efficiency of these models is around 12 J/TH.

According to Hashrate Index, market quotes for units with a rating of 19 J/TH have remained stable at around $14 per TH/s in recent months. 

image
Source: Hashrate Index.

Since October, prices for miners from previous lines with a range of 19-25 J/TH have risen to about $12 per TH/s. Devices with lower energy efficiency are available for approximately $3 per TH/s.

Alongside equipment purchase discounts, Bitmain is promoting hosting options in the US, Kazakhstan, Brazil, Paraguay, and Ethiopia at $0.055-0.07 per kWh with an additional management fee of $0.03. This comprehensive sales approach indicates the manufacturer’s desire to clear inventory, noted TheMinerMag.

“The pricing reflects growing pressure in the sector as the network hashrate remains near record levels, while the bitcoin price has declined, keeping the hashprice near multi-year lows. This situation has led to reduced miner profits and decreased demand for new equipment, especially less efficient models, while intensifying competition among ASIC manufacturers and secondary market sellers,” experts highlighted.

Since mid-November, the hashprice has hovered below $40 per PH/s per day. This figure roughly corresponds to the breakeven point for bitcoin miners.

image
Source: Hashrate Index.

On December 25, the network difficulty increased by a marginal 0.04% after three consecutive recalculations of decline. The end of the correction signaled a stabilization of the hashrate. Bitcoin’s computational power remains above 1 ZH/s.

Bitmain is also under investigation by US authorities over national security concerns, according to Bloomberg.

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