A sign of the times: Bitmain slashes price of flagship S19 mining rig
Bitcoin hardware manufacturer Bitmain on Tuesday announced a discounted price for one of its more popular models, the S19 Pro, reflecting an industry-wide decline in the cost of bitcoin mining rigs.
The company is now selling those machines at $19 per terahash per second (TH/s), reflecting the trend of declining ASIC machine prices, which have fallen more than 60% in the past six months, according to Bitcoin mining pool Luxor’s index data dashboard.
“Prepare during the bear market, prosper during the bull market,” Bitmain said in the announcement.
One company that has recently been scooping up ASICs at discounted prices, CleanSpark, announced a bulk order of 10,000 S19j Pro machines at a rate of roughly $28 per TH/s — stating also that that same model was sold at Bitmain’s website for as much as $116 per TH/s. This would indicate a 75.9% decrease since the beginning of the year.
Bitmain also said that customers that bought S19 Pro machines with scheduled deliveries in the third and fourth quarters of this year would be eligible for discount coupons.
A couple of other models are also included in this deal, namely S19 Pro Hyd and S19 Pro+ Hyd. Details of the coupon offer are laid out here.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Catarina Moura
