Manufacturers cut miner prices ahead of Bitcoin halving

by in Cryptocurrency News

miner price decrease

Mining device manufacturers cut prices ahead of the halving of the first cryptocurrency. In some cases, the cost of miners dropped by 20%. Another reason was the March market crash.

MicroBT now has a $2,000 price on WhatsMiner M30S model, while in early February it was $500 more expensive. The previous flagship, WhatsMiner M20S, now sells for $1,340 instead of $1,679.

A similar situation is with devices from Bitmain. Resellers on WeChat already offer Antminer S17 for $1300, although the manufacturer has not yet begun to adjust the price of $1567 on the official website.

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The cost of the new Antminer S19 Pro model has not changed. In May, only Chinese miners will receive it.

The pricing of ASIC devices, as a rule, implies that the payback period should be no more than 15 months.

TokenInsight analyst Johnson Xu comments on this, saying that after a wave of price declines in Q4 2019, the miner market showed signs of stabilization, despite the recent market downturn.

Xu pointed out that a sharp decrease in hash rate prompted many players to look for ways to purchase some supported ASIC devices at a significant discount.

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Recall, on March 26, mining complexity fell by a record of 15.95%.