World’s largest ASIC maker Bitmain cuts prices on Antminer Bitcoin mining rig – Mining Bitcoin News

The world’s largest manufacturer of application-specific integrated circuits (ASIC) bitcoin miners, Bitmain Technologies, has revealed that the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine sells for $19 per terahash or $1,900 per unit. Antminer mining rigs are 80% cheaper than they were five months ago as of March 28th.

Bitmain cuts S19 Pro prices down to $19 per Terahash

Amidst the crypto winter and the crypto economy’s market cap of 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% in the last seven days and is currently trading below $20K per unit. The cryptocurrency network’s mining difficulty is at an all-time high, and the network’s hashrate is currently running at 223.73 exahashes per second (EH/s).

“Bitmain offers an Antiminer S19 Pro special discount for only $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain sales representative direct. Customers who have already purchased the 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 buys at a ‘discount price’

Bitmain’s sale is much cheaper than 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 hash rate than the S19j Pro, is 80.96% cheaper – at $1,900 per unit – than S19 prices five months ago. Lower prices may contribute to the massive expansion from a number of operations and Bitcoin’s skyrocketing hash rate in recent times.

This week, Nasdaq-listed and Gwyneth Paltrow-backed Terawulf (Nasdaq: WULF ) revealed that its Lake Mariner mining data center now has 12,000 mining rigs operating at the facility, and a large portion of Terawulf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK ) also detailed that the crypto winter has brought “unprecedented opportunities” after it purchased 1,061 ASIC mining rigs at a “discounted price.”

What do you think about Bitmain releasing the price of the Antminer S19 Pro units this week? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.