{"id":43899,"date":"2021-06-07T18:43:03","date_gmt":"2021-06-07T15:43:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43899"},"modified":"2025-08-31T14:29:48","modified_gmt":"2025-08-31T11:29:48","slug":"media-bitmain-cuts-antminer-prices-amid-chinese-mining-criticism","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-bitmain-cuts-antminer-prices-amid-chinese-mining-criticism\/","title":{"rendered":"Media: Bitmain cuts Antminer prices amid Chinese mining criticism"},"content":{"rendered":"<p>The ASIC equipment maker Bitmain cut the price of Antminer devices by 20% amid the drop in Bitcoin&#8217;s price and criticism of mining by Chinese authorities. According to journalist Colin Wu.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Exclusive: Affected by recent regulatory policies of China and Bitcoin prices, Bitmain\u2019s Antminer has cut prices by about 20%, and some Chinese customers have requested refunds. <a href=\"https:\/\/t.co\/OSf8OHjbvz\">pic.twitter.com\/OSf8OHjbvz<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1401870803550019592?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Wu, some Bitmain customers demanded refunds of the down payment. The company reportedly rejected such requests, offering 4% per annum on advance payments and the possibility to purchase other products in the future.<\/p>\n<p>Wu believes that Chinese regulators this time have little influence on ASIC manufacturers. According to Antpool, the current &#8216;shutdown price&#8217; of the Antminer S19Pro is only $102.96. Wu also noted that the Bitcoin network&#8217;s hash rate is growing slowly, and Bitmain&#8217;s main customers are abroad.<\/p>\n<p>Earlier Wu said that Bitmain <a href=\"https:\/\/forklog.com\/en\/news\/media-bitmain-outlines-terms-for-bitcoin-miner-sales\">takes a down payment of 20% of the order value<\/a>, the minimum size of which is 1,000 units. The flagship Antminer S19Pro provides a hash rate of 110 TH\/s, and its price is $10,230.<\/p>\n<p>In an interview with <a href=\"https:\/\/portaldobitcoin.uol.com.br\/entrevista-colin-wu-o-jornalista-que-vem-decifrando-o-mercado-chines-de-criptomoedas\/\">Portal do Bitcoin<\/a>, the journalist stressed that government-imposed restrictions would affect only the sector&#8217;s large players. According to him, miners are panicking and seeking hosting in other countries, such as the United States and Canada.<\/p>\n<p>On June 2, Sichuan province authorities held a seminar on the use of surplus hydroelectric power <a href=\"https:\/\/forklog.com\/en\/news\/media-sichuan-to-assess-impact-of-bitcoin-mining-ban-on-the-energy-sector\">. According to TechNode, citing sources, following the meeting mining companies were allowed to stay in the region until the end of the rainy season, which usually lasts until October.<\/p>\n<p>Nangeng Zhang, CEO of Canaan Creative, said that mining cryptocurrencies with fossil fuels <a href=\"https:\/\/forklog.com\/en\/news\/canaan-defends-bitcoin-mining-in-china\">hinders China&#8217;s ecological efforts<\/a>, but &#8216;green&#8217; miners should not face repression.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ASIC equipment maker Bitmain cut the price of Antminer devices by 20% amid the Bitcoin price decline and mining criticism by Chinese authorities.<\/p>\n","protected":false},"author":1,"featured_media":43900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1887,426,133,1137],"class_list":["post-43899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-antminer","tag-bitmain","tag-china","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43899"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43899\/revisions"}],"predecessor-version":[{"id":43901,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43899\/revisions\/43901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/43900"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}