Network Hash Rate Remains High While Coin Price is Weak, Bitmain Significantly Reduces Bitcoin Miner Prices

BlockBeats News, December 27th. According to TheMinerMag, Bitmain has recently significantly reduced the prices of Bitcoin miners, with multiple S19/S21 series models entering the "fire sale" price range.

Internal pricing shows the S19e XP Hydro, 3U S19 XP Hydro priced as low as $3/TH/s, the S19 XP+ Hydro at around $4/TH/s; the S21 immersion cooling miner at around $7/TH/s, and the S21+ Hydro at around $8/TH/s. Previously, the company introduced the S19 XP+ Hydro bundled deal at an effective price of around $4/TH/s, and in November, it started the auction-style sale for the S19k Pro starting at $5.5/TH/s.

Analysis points out that as the network hash rate remains near historical highs while Bitcoin's price has experienced a slight pullback, the hash rate price has stayed around multi-year lows, increasing pressure on the mining industry. This situation has squeezed miners' profit margins, reduced demand for new equipment, especially for less efficient models, and intensified competition between ASIC miner manufacturers and the second-hand market sellers.