Cryptocurrency
The bidding war for bitcoin mining hardware is heating up
The bidding war for bitcoin mining hardware is heating up: (The Block) As bitcoin’s price breaks new record highs above $20,000, the bidding war for top-of-the-line ASIC mining equipment is heating up again. Shipments for bulk preorders of Bitmain’s flagship bitcoin ASIC miners are already lined up to early Q3 of next year even as […]
The bidding war for bitcoin mining hardware is heating up:
(The Block) As bitcoin’s price breaks new record highs above $20,000, the bidding war for top-of-the-line ASIC mining equipment is heating up again.
Shipments for bulk preorders of Bitmain’s flagship bitcoin ASIC miners are already lined up to early Q3 of next year even as the manufacturer has raised rig prices by at least 20% since early December.
The Beijing-based manufacturer recently updated its quotes for the newest batch of miners that are available for preorders with a shipment that won’t start until at least June 2021. That suggests the current line of delivery queue has been extended by another two months.
For the June batch, Bitmain raised preorder prices by 20% compared to the April batches.
Preorders for Bitmain’s AntMiner S19 Pro and S19 are now priced at $3,095 and $2,276, respectively. Archived quotes from Bitmain seen by The Block for the April/May batches just a week ago were at $2,581 and $1,897, respectively.
The rig index tracked by crypto mining pool Luxor shows a similar trend. Prices for the most efficient and powerful mining models have gone up by 25% from $28 per terahashes per second of computing power (TH/s) in mid-November to now $35 per TH/s.