bitcoin Mining hardware maker Bitmain has announced a discounted price for one of its most popular models, the S19 Pro, reminding the industry-wide drop in the cost of BTC mining hardware.
Bitcoin Mining Device Prices Continue to Fall
According to Bitcoin mining pool Luxor’s index data board, the company currently sells these machines at $19 per terahash per second (TH/s), reflecting the downward trend in ASIC machine prices, which have fallen more than 60% in the last six months.
“Be prepared during a bear market, be successful during a bull market,” Bitmain said in its announcement.
CleanSpark, one of the companies that has been collecting ASICs at discounted prices recently, announced that it has ordered 10,000 S19j Pro machines for around $28 per TH/s, and stated that the same model is selling for up to $116 per TH/s on Bitmain’s website. This marks a 75.9% decrease since the beginning of the year.
Bitmain also said that customers purchasing S19 Pro machines will be eligible for discount coupons, with deliveries scheduled for the third and fourth quarters of this year.
This deal includes several other models, such as the S19 Pro Hyd and S19 Pro+ Hyd.
Bitcoin in 2022 and cryptocurrency As a result of the sudden drop in prices, the crypto money miners were also adversely affected.
However, some BTC mining companies had to sell BTC in order to cover their expenses, although they would not normally sell their holdings.
*Not investment advice.
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