The shortage of the latest generation ASIC miners on the market is no secret to anyone. However, according to analysts from The Block, with the rise in the bitcoin rate, even outdated devices are becoming more popular.
Analysts at The Block noted a noticeable increase in demand for miners of previous generations. Mining equipment sellers are increasingly offering Antminer S9 and Avalon 851 models, and their prices range from $ 80 to $ 130 per unit. Moreover, in October 2020, after the rainy season in the Chinese province of Sichuan, such devices were sold for less than $ 50 per unit.
In addition, some mining companies have begun looking for premises to house farms, assembled from outdated equipment. For example, the Chinese company Hashage is looking for a location to host Antminer S9 devices with a total capacity of 20 MW. With the growth of the bitcoin rate, the profitability of mining has grown significantly – the profit ratio for terahash reached the levels of September 2019.
Recall that a month ago, after the next recalculation, the difficulty of bitcoin mining immediately increased by 10.79%. With the current difficulty of bitcoin mining, Antminer S9 devices make a profit when the BTC rate is above $ 16,500. And at the current rates of the first cryptocurrency, the devices “beat off” in just a few weeks and then make a profit.
Telegram channel!
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
