The market for mining equipment is faced with a shortage, since manufacturers have already sold all the latest models of miners on pre-orders almost until the end of this year. At the same time, activity on the used device market is now at its peak, writes RBC Crypto with reference to Forkast.news.
In addition to the bull market, the shortage of semiconductors, which occurred due to the coronavirus pandemic, led to a shortage of mining equipment. Because of this, manufacturers are experiencing additional pressure, explained the head of the large manufacturer of crypto-mining installations Canaan Inc. Nangeng Zhang. In the fourth quarter of 2020 alone, 12,400 mining machines were ordered from the company, and deliveries of the latest Avalon A1246 miners are scheduled until the third quarter of 2021.
Another major miner manufacturer, Bitmain, sold out all of its products by August 2021, increasing the price of some models by almost 100%. For example, back in November last year, the Antminer S19 Pro was sold for $ 1,897, now its price is $ 3,769 (an increase of 98%), but it will not work to buy them, since the miners are not available.
According to Zhang, the interest of beginners and large miners in the industry will only increase due to recent publications on Twitter by Elon Musk, as well as statements from large companies about the start of work with cryptocurrencies. Last week, the MasterCard payment system announced that it will add direct digital money transactions for its customers. Bank of New York Mellon, the world’s largest depository bank, also plans to start storing cryptocurrencies and conducting operations with them this year.
Interest in mining continues to rise after bitcoin showed significant growth in early 2021 and broke the $ 49.7 thousand mark, which was the highest coin value in the entire history of its existence.
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