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.
Avalon 841 Bitcoin Miners – On Sale Ahead of Schedule Leaving Distributors Unprepared.
With the Avalon 841 Bitcoin Miners on sale right now the holiday season shopping comes early to Bitcoin miners – sort of. The Avalon 841 has the best specs ever for a Canaan ASIC miner but nobody anywhere can buy Avalon 841 Bitcoin miners unless they buy 200 of them directly from Canaan.
It’s hard to tell if this is an oversight or an overt action on the part of Canaan to sell Avalon 841 Bitcoin miners only in bulk. A visit to the Canaan website shows an option to buy 20 Avalon 841 Bitcoin miners for $41,000 which is reasonable for the larger Bitcoin miner until you try and add it to your cart. That’s when you find out you need to order a quantity of TEN 20 Avalon 841 Bitcoin miners for your order to be accepted. Let’s do some easy math; you need to plunk down $410,000 plus shipping to get 200 Avalon 841 Bitcoin miners. Let’s not forget the power supplies (it looks like the EVGA SuperNOVA 1600 is best for the job) along with the 10 Avalon Miner controllers necessary to get these bad boys running.
With not a single distributor offering the 841 for sale at all – let alone one or two or five – the small-time Bitcoin miner has to wonder if the days of Bitcoin mining are over for him or her. The specs of the Avalon 841 are exactly as advertised earlier this year — nominal 13 TH/s at 1300 watts. If you can swing the nearly $500,000 necessary for the minimum order plus shipping you’re getting a deal in terms of per-unit costs.
The fallback plan for the home miner will be buying an Avalon 821 for about $3,000 or a used 741 for about half that price. More and more it’s looking like the math doesn’t work for small-time Bitcoin miners anymore. The ROI of buying a 741 or an 821 is not that appealing. On the other hand, if you can swing the money for buying 200 Avalon 841 miners with the requisite accessories you can make a ton of money.
Avalon 821 on Sale – Sticker Shock Included at No Extra Charge
Canaan’s long anticipated Avalon 821 Bitcoin miner went on sale last night via authorized distributor Blokforge. Nobody should be surprised to learn The Avalon 821 on sale event was very, very short; they were sold out in minutes. However, everybody should be shocked by the price – $3,599. I predicted a $1500 sticker price back when we announced the 821 relative to the price and performance of the Avalon 741.
Boy was I wrong. I got an email from Blokforge announcing the Avalon 821 on sale and surfed right over — HOURS before the sales window opened at 7:00 PM MST — and already saw it was sold out. WTF? Figuring it might be a mistake or that the eCommerce system didn’t have it entered yet or whatever I hung out at the Blokforge website for hours. No go. It seems their entire allotment of Avalon 821s were gone in record time. While I was waiting to see if I could buy at least one Avalon 821 my mind struggled to understand the price…. $3,599!
The Avalon 821 on sale at $3599 makes it 450% more expensive than the Avalon 741. I purchased two Avalon 741s last fall for $798 each from authorized distributor Minerwarez. Minerwarez was excellent with good communications and fast shipping. The only reason I tried to go with Blockforge is that they were talking about the new Avalon miners (761, 821, 841, etc.) while Minerwarez didn’t even mention them.
IN ANY CASE let’s gain an understanding behind my sticker shock. The Avalon 821 on sale now has a hash rate at 11 TH/s with 1200 watts power consumption. Canaan deserves a lot of credit for building such an efficient Bitcoin miner. The thing is – the Avalon 741 operates at 7.3 TH/s with 1150 watts power and could be acquired at a fraction of the price. On a side-by-side comparison the Avalon 821 delivers 50% more TH/s than the 741 but it costs 450% more.
The math doesn’t work with the Avalon 821 on sale at such a high price. When I did my research last summer on which Bitcoin miner to buy I ended up going with the Avalon miners because they had more bang for the buck and would deliver faster ROI than any other option out there. Canaan has indicated that pricing for the new line of Avalon miners would be based on market demand among other factors. I totally understand the whole supply vs. demand thing but don’t understand the justification of putting the Avalon 821 on sale at a price inordinately higher than it’s predecessor. My initial price estimate of $1500 would make perfect sense and I have no doubt Canaan would make a lot of money at that price. I can even digest a price of $1999 to make it a competition-crushing product relative to Bitmain’s Antminer S9.
Interestingly, the NEXT BATCH of Avalon 821s were priced significantly lower at $2899 — and are also sold out. I can see myself paying $2899 with a frown on my face because I happen to like the Avalon miners quite a lot and anticipate recapturing my investment as Bitcoin is expected to go nowhere but up. Obviously I’m not alone in my thinking.