Mining
Demand for Bitcoin mining {hardware} continues to be excessive, as evidenced by the newest Bitmain unit, which has offered out in seconds.
On Dec. 21, Bitcoin mining {hardware} producer Bitmain introduced that its newest HNS HS3 unit had offered out in 27 seconds.
The Antminer retailed for $2,092 per unit, which is fairly low cost contemplating the value collapse of mining {hardware} this yr. The HNS Blake2B+SHA3 air-cooling miners went on sale on Dec. 20 and had been snapped up quick. Solely 5 items had been obtainable per buyer, the Bitmain web site acknowledged.
It provides a hash charge of 9 TH/s (terahashes per second) and an influence ranking of two,079 watts. This interprets to an power ranking of 231 joules per terahash.
Bitmain Miners Bought Out
Chinese language mining big Bitmain stays the market chief for Bitcoin mining {hardware}. The agency’s solely obtainable flagship mannequin is the Antminer S19 XP boasting a hash charge of 134 TH/s and simply 21.5 joules per terahash. Nevertheless, it’s 3 times the value at $6,164 per unit.
Moreover, its 100 TH/s S19 Professional Antminer had additionally offered out, in keeping with the corporate web site. The Bitmain Antminer S19 XP Hydro, boasting hash charges over 200 TH/s, was additionally unavailable.
In response to Hashrate Index, the ASIC value index tumbled in 2022 together with Bitcoin costs. Moreover, the declines had been steeper with larger energy effectivity miners. The ASIC Value Index displays the present value per terahash of various BTC mining units grouped by three effectivity tiers.
ASIC Value Index – HashrateIndex
Mining profitability has tanked this yr as BTC miners confronted a triple whammy. Excessive hash charges and issue, low Bitcoin costs, and escalating power prices have hammered most of them.
In consequence, hash value, or mining profitability, has slumped 75% for the reason that starting of the yr. The metric, which measures the anticipated worth of 1 TH/s of hashing energy per day, is presently near its lowest degree at $0.061 TH/s/day, in keeping with Hashrate Index.
Bitcoin Hash Price Declines
The community hash charge has fallen 11% from its all-time excessive in early November to 243 TH/s immediately. It nonetheless stays too excessive for a lot of miners to show a revenue, nonetheless.
Moreover, fears of one other Bitcoin miner selloff have been dispelled by trade consultants. Even when miners offered 300% of their each day manufacturing of two,700 BTC per day, “it might not quantity to greater than 0.6% of Bitcoin’s spot quantity,” famous Jaran Mellerud.
