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Bitmain Slashes Prices on S19 and S21 Bitcoin Miners Amid Market Pressures

According to industry analysts, Bitmain’s sharp price cuts for Hydro and immersion miners reflect squeezed profitability from high network hashrate and weak BTC prices.

BTC

Summary

Bitmain has reduced prices for its S19 and S21 Bitcoin miners, with Hydro models as low as $3–4 per terahash per second (TH/s) and immersion models priced at $7–8/TH/s. Analysts attribute the cuts to declining miner profitability due to sustained high network hashrate and falling Bitcoin prices, which have reduced demand for low-efficiency units and added pressure from intensified competition in the ASIC hardware market.

Terms & Concepts
  • ASIC (Application-Specific Integrated Circuit): Specialized hardware designed for a specific task, such as mining cryptocurrencies like Bitcoin, offering higher efficiency than general-purpose computers.
  • Hashrate: The total computational power being used to mine and process transactions on a blockchain network.
  • TH/s (Terahashes per second): A unit of measurement representing how many trillion hash calculations a miner can perform in one second.