Bitcoin Mining Hardware On Sale – Best Opportunity Ever to Buy ASIC Miners Cheap.
Bitcoin mining hardware on sale is not the headline you think it is. After all, Bitcoin mining hardware on sale is not a news event. Bitcoin miners have been available for purchase for years. What makes this article interesting is the emphasis on the word SALE.
ASIC mining manufacturers like Bitmain and Canaan make no secret of the fact that their prices are tied to the price of Bitcoin. As Bitcoin prices have been battered and roiled has become a boon for Bitcoin miners thanks to a correlative plunge on Bitcoin miners like the Bitmain Antminer S9 and the Canaan 841. The headline for this piece should be BITCOIN MINING HARDWARE ON SALE!!!!!!
Case in point; the Canaan Bitcoin miners. This time last year the Avalaon 741 Bitcoin miner was selling for $799 from resellers and if you weren’t sitting at your computer to order one the MINUTE it went on sale you were out of luck. They were sold out in under five minutes. The Antminer S9 too. Heck, if you were cruising eBay looking for Bitcoin miners last year the Antminer S9 was selling all day long at $5,000 or so per unit. Now they can be found for $789 with free shipping. Whoa. Bitcoin mining hardware on sale really is ON SALE!
One more eye-popping example of this; the Canaan 841 was selling for $1800 or so back in March in bulk quantities. The Avalon 841 can now be acquired in bulk for just $618. A secondary bonus for Bitcoin miners is the price war between Bitmain and Canaan. With the 841 and Antminer S9 roughly equivalent in performance and power consumption comes further downward pressure for Bitcoin mining hardware on sale. Right now my Avalon 741s are offline due to the current price of Bitcoin making it a loss-producing venture. I am actively planning a roll out of a Bitcoin mining farm based on the 841 because, even with Bitcoin hovering at around $8200 as it is now, Bitcoin mining is ;ucrative and profitable.
Bitcoin Miner Pricing Puzzle – Bitmain’s Antminer S9 Goes Down in Price as Canaan’s Avalon Miners Go Up. What’s Going On?
The Bitcoin miner pricing puzzle is getting harder and harder to solve. Two months ago The Antminer S9 had a “street price” of $5,000 (rated at 14 TH/s) compared to the Avalon 741 (7.1 TH/s) which could be purchased for $799. Dollar for dollar, the Avalon miner was by far the better deal. Fast forward to present day and Bitcoin miner pricing has gone sideways.
Canaan’s ASIC Bitcoin miners were always known to be of high quality with respectable performance at fair prices. The fair prices thing has gone out the window with the Avalon 821 which cannot be purchased for less than $2899 despite a performance increase of roughly 35% So why is the price more than three times higher when the performance increase itself is not hardly in step with the price increase? The Bitcoin miner pricing puzzle thickens.
By comparison, Bitmain’s flagship product can now be purchased after-retail for nearly half of what they were going for back in December. Part of the reason for the radical change in pricing can be learned in this CNBC article on Bitmain operations. It seems Canaan has taken a similar approach to pricing judging from what they said when the 821 and 841 were first announced; they would be pricing their new miners in step with the Bitcoin market.
That makes the Bitcoin miner pricing puzzle more complicated — since Bitcoin is well off it’s December high why are Avalon miners nearly the same price as Bitmain miners today? The Avalon 741 was seen as the next best option — balancing price and performance — compared to the Antminer S9. I talked about this extensively in an earlier article. With the Avalon 821 at about the same price as the Antminer S9 — with lower output — I predict Canaan will lower pricing to be in step with prevailing market conditions.