The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five months ago on March 28.
Bitmain Cuts S19 Pro Prices Down to $19 per Terahash
Amid the crypto winter and the crypto economy’s market capitalization hovering around $927.21 billion, Bitmain Technologies has decided to sell its Antminer S19 Pro mining rigs at a discount. At the same time, the price of bitcoin (BTC) is down 5.52% during the last seven days and is currently trading for under $20K per unit. The cryptocurrency network’s mining difficulty is at an all-time high and the network’s hashrate is coasting along today at 223.73 exahash per second (EH/s).
“Bitmain is offering an Antiminer S19 Pro special discount for only $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain sales representative directly. Customers who have already purchased 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 a ‘Discounted Price’
Bitmain’s sale is a lot cheaper than the Antiminer S19 Pro’s original prices. On March 29, 2022, a customer could purchase an Antiminer S19j Pro with 104 TH/s for $9,984 per unit. The 100 TH/s S19, which produces a slightly smaller hashrate than the S19j Pro, is 80.96% cheaper — at $1,900 per unit — than S19 prices five months ago. Lower prices may be contributing to the massive expansion from a number of operations and Bitcoin’s sky-high hashrate in recent times.
This week, the Nasdaq-listed and Gwyneth Paltrow-backed Terawulf (Nasdaq: WULF) revealed its Lake Mariner mining data center now has 12,000 Mining Rigs operating at the facility and a great deal of Terawulf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK) has also detailed that the crypto winter has brought “unprecedented opportunities” after it acquired 1,061 ASIC mining rigs at a “discounted price.”
What do you think about Bitmain dropping the price of the Antminer S19 Pro units this week? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitmain
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