Bitmain has recently significantly lowered the prices of its S19 and S21 Bitcoin mining machines.
TL;DR
Bitmain has slashed prices on S19 and S21 Bitcoin mining machines, with some models as low as $3/TH/s, due to high network hashrate and low Bitcoin prices squeezing miner profits and reducing equipment demand.
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According to Odaily Odaily, Bitmain has recently significantly lowered the prices of its Bitcoin mining machines, with many S19/S21 series models now in the "sell-off" price range.
Internal pricing data shows that the S19e XP Hydro and 3U S19 XP Hydro are priced as low as $3/TH/s, while the S19 XP+ Hydro is around $4/TH/s; the S21 immersion system is around $7/TH/s, and the S21+ Hydro is around $8/TH/s. Previously, the company offered a bundled S19 XP+ Hydro package at approximately $4/TH/s, and in November, it adopted an auction-style sales model for the S19k Pro, starting at $5.50/TH/s.
Analysis indicates that with network hashrate remaining near all-time highs while Bitcoin prices have fallen, hashrate prices are hovering near multi-year lows, increasing pressure on the mining industry. This environment is squeezing miners' profit margins, reducing demand for new equipment, especially inefficient models, and intensifying competition between ASIC miner manufacturers and secondhand market sellers. (TheMinerMag)