World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices – Mining Bitcoin News

World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

The world’s largest producer of application-specific built-in circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the corporate is providing a reduction on Antminer S19 Pro 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 Pro Prices Down to $19 per Terahash

Amid the crypto winter and the crypto financial system’s market capitalization hovering round $927.21 billion, Bitmain Technologies has determined to promote its Antminer S19 Pro mining rigs at a reduction. At the identical time, the value of bitcoin (BTC) is down 5.52% over the last seven days and is presently buying and selling for below $20K per unit. The cryptocurrency community’s mining issue is at an all-time excessive and the community’s hashrate is coasting alongside at present at 223.73 exahash per second (EH/s).

“Bitmain is offering an Antiminer S19 Pro special discount for only $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain sales representative directly. Customers who have already purchased S19 Pro will be eligible for coupons,” the corporate added.

Bitmain’s 100 TH/s Technology Is 80% Cheaper Than 5 Months Ago, Crypto Winter Highlights ASIC Purchases at a ‘Discounted Price’

Bitmain’s sale is loads cheaper than the Antiminer S19 Pro’s unique costs. On March 29, 2022, a buyer might buy an Antiminer S19j Pro with 104 TH/s for $9,984 per unit. The 100 TH/s S19, which produces a barely smaller hashrate than the S19j Pro, is 80.96% cheaper — at $1,900 per unit — than S19 costs 5 months in the past. Lower costs could also be contributing to the large enlargement from plenty of operations and Bitcoin’s sky-high hashrate in latest occasions.
World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices
Current Bitmain Antminer S19 Pro costs as of September 21, 2022.

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 a substantial amount of Terawulf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK) has additionally detailed that the crypto winter has introduced “unprecedented opportunities” after it acquired 1,061 ASIC mining rigs at a “discounted price.”

Tags on this story

$19 per terahash, 100 terahash, Antiminer S19j Pro, Antminer S19 Pro, Antminer S19 Pro models, antminers, ASIC machines, ASIC mining rigs, ASICs, Bitcoin, Bitcoin (BTC), Bitcoin hashrate, Bitcoin Mining Rigs, Bitmain, Bitmain Technologies, BTC Prices, Cleanspark, Crypto Winter, Hashpower, Hashrate, Terawulf

What do you concentrate on Bitmain dropping the value of the Antminer S19 Pro models this week? Let us know what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for News in regards to the disruptive protocols rising at present.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitmain

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