Hashprice up 30% since February, Bitcoin Miner Prices on the Rise
While broader sentiment has remained mostly bearish since Bitcoin dropped to ~$60,000 in early February, Bitcoin Miners have quietly recovered to pre-February levels.
Bitcoin Miners Signaling a BTC Bottom
While broader sentiment has remained mostly bearish since Bitcoin dropped to ~$60,000 in early February, Bitcoin Miners have quietly recovered to pre-February levels.
Over the past two months, Bitcoin Miner Revenue per Terahash (Hashprice) is up ~30%; currently sitting at ~$0.038/Th/Day.
Steady recovery in the price of Bitcoin coupled with a flurry of downward difficulty adjustments has created the perfect environment for Bitcoin miners.
The price of Bitcoin Mining Servers (ASICs) is beginning to reflect this recovery in hashprice.
The official listed price on Bitmain’s website for Antminer S21 XPs has increased to $17/Th — up from $15/Th back in February.
The actual price of mining hardware can vary; it’s a far less liquid and fungible market than Bitcoin itself (nothing’s more liquid than Bitcoin; billions of $ of trading volume 24/7/365). Deal size, used vs new, shipping times, etc., can all impact miner prices and no two deals are identical.
That being said, the listing price from the manufacturers tends to initiate a “ripple effect”, which leads to a change in pricing across the breadth of the market.
Miner prices on the Blockware Marketplace are showing a similar trend.
S21 XPs, as recently as March, were selling for ~$13.5/Th on the platform. The lowest available listing is $17.7/Th — nearly a 30% increase.
The Blockware Marketplace is a peer-to-peer platform that allows users to buy/sell hosted miners. Often times, these units carry a “premium” relative to purchasing brand new machines. Time is money; buying a machine that is already on the rack at one of Blockware’s data centers can be more valuable than waiting 2 to 3 weeks for brand new units to arrive.
The Marketplace is great if you’re new to Bitcoin Mining and want to get your feet wet with 1 or 2 machines.
Blockware has bulk discounts available (on hardware & power costs) for clients purchasing 10 or more machines. If you’re interested in learning more about Bitcoin Mining — bonus depreciation, power costs, BTC revenue, etc. — fill out the form here: https://mining.blockwaresolutions.com/info
A member of our team will provide more information and help you determine if Bitcoin Mining makes sense for you and your financial goals.
