The world’s largest manufacturer of application-oriented integrated circuits (ASIC), Bitmain Technologies has announced that it is offering a discount on the Antminer S19 Pro mining rig. A 100 Terahash Per Second (TH/s) machine is selling for $19, or $1,900 per unit. Antminer mining is 80% cheaper than five months ago on March 28.
Bitmain drops S19 Pro prices to $19 per terabyte
In the midst of crypto summer and the crypto economy’s market capitalization of around $927.21 billion, Bitmain Technologies has decided to sell its Antminer S19 Pro mining rig at a discount. Similarly, the price of Bitcoin (BTC) has decreased by 5.52% in the past seven days and is currently trading below $20K per unit. The cryptocurrency network’s mining difficulty is at an all-time high, and the network’s hashrate is currently cruising at 223.73 ekhashes per second (EH/s).
“Bitmain is offering Antiminer S19 Pro special discount for only $19/T” Bitmain He tweeted. on Tuesday. For bulk orders please contact [a] Bitmain sales representative directly. Customers who have already purchased the S19 Pro will be eligible for coupons,” the company added.
Bitmain’s 100 TH/s technology is 80% cheaper than 5 months ago, Crypto Winter highlights ASIC purchases at ‘bargain prices’
The Bitmain sale is much cheaper than the initial prices of Antiminer S19 Pro. On March 29, 2022, a customer can purchase Antiminer S19j Pro with 104 TH/s for $9,984 per unit. The 100 TH/s S19, which produces a slightly lower hashrate than the S19j Pro, is 80.96% cheaper than the S19 prices five months ago – at $1,900. The low prices may be contributing to the massive expansion of Bitcoin’s sky-high hashrate from multiple operations in recent times.
This week, the Nasdaq-listed and Gwyneth Paltrow-backed Terawlf (Nasdaq: WULF ) Lake Marine Mining Data Center revealed that 12,000 miners now operate at the facility, and that many of Terawlf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK ) also detailed that the crypto summer brought “unprecedented opportunities” after acquiring 1,061 ASIC miners at “discounted prices.”
What do you think about Bitmain dropping the price of Antminer S19 Pro units this week? Let us know what you think about this in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Bitmain
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