Expert calls possible reasons for overpricing ASIC miners at Citilink

Ivan Sharov noted that during the bull market and the growth of BTC, the high cost of equipment will be justified

01.11.2022 - 09:00

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3 min

What’s new? At the end of October, Citilink, a Russia-based chain of computer hardware stores, began the first official sales of mining equipment in the Russian Federation. As of November 1, ASIC miners from Bitmain are available for purchase, in particular, models such as Antminer S19J Pro-96T and S19 95T. Their prices are 578 660 and 520 610 Russian rubles (RUB), respectively. According to Ivan Sharov, director of the online store for mining equipment and computer components Hardvar, prices at Citilink are twice as high as at specialized stores. In a comment for GetBlock Magazine, he spoke about possible reasons for the difference in cost.

Source: Citilink’s storefront

What else did the expert say? Sharov noted that such a price difference is observed also with those stores, which also work officially and pay the full customs value. According to the expert’s assumption, Citilink may have purchased the equipment at high prices or the dollar exchange rate, or “relies on the credibility of the brand.”

The director of Hardvar emphasized that during the bull market and the growth of bitcoin’s rate, these prices will be justified, and equipment will be bought. Perhaps the retailer is “waiting for a better time to earn a certain profit margin,” Sharov concluded.

Prices at other stores in the Russian Federation. ASIC miner S19J Pro-96T available on the Russian market starts at 147 180 RUB. This is almost four times less than in Citilink.

Earlier, Chinese cryptocurrency mining equipment manufacturer Canaan introduced a new line of A13 miners. It includes two models: the A1346 with a hashrate of 110 TH/s and power efficiency of 30 J/TH and the A1366 device with 130TH/s and 25 J/TH.

In October, Forbes reported that prices on popular GPU models in Russia dropped from 500 000 to 100 000 RUB in seven months. One of the main reasons for the price drop was the transition of Ethereum to the Proof-of-Stake (PoS) consensus algorithm on September 15, which changed the way coins are mined on the network from mining to staking.

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