Bitmain announces the sale of the entire batch of new miners in 27 seconds

The devices were sold for $2092 and no more than 5 per hand

21.12.2022 - 08:15

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What’s new? Bitmain, a cryptocurrency mining equipment manufacturer, has announced a record-breaking sale of the entire batch of new Antminer HNS HS3 miners. Users sold out the devices in just 27 seconds. Bitmain representatives announced this on Twitter on December 21.

Wow that was SO FAST🙀#ANTMINER HS3 was sold out in only 2⃣️7⃣️ seconds‼️‼️Thank you everyone for your support❤️ Stay tuned for our next batch🫡💬Welcome to comment below on what kind of miners you expect the most☺️ pic.twitter.com/gRKfMYREiL — BITMAIN (@BITMAINtech) December 21, 2022

What else is known? The air-cooled HNS Blake2B+SHA3 miners with a hashrate of 9 TH/s and power of 2079 W went on sale on December 20 and were sold out for $2092. Only five units were available per customer. Bitmain’s website also reports that the entire batch of Antminer S19 Pro models with a hashrate of 100 TH/s and Antminer S19 XP Hydro (over 200 TH/s) sold out.

This year, miners have seen a drop in the profitability of cryptocurrency mining due to high network difficulty, low bitcoin prices, and rising power costs. The combination of these facts has already led to a 75% drop in profitability since the beginning of the year. In early December, Bloomberg reported that mining companies owed creditors more than $4 billion. Firms are forced to give hundreds of thousands of devices provided as collateral. At the same time in Russia, demand for ASIC miners increased by 65% in the fourth quarter compared to 2021.

For more details on how the mining industry works in Russia, read GetBlock Magazine’s special feature.

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