ASIC-miners are getting cheaper
Jarane Mellerud, Arcane Research representative, informed that today ASIC-miners reached the lowest value since the beginning of 2021. The expert is sure that the reason is the declining mining profitability.
The situation is aggravated by the impossibility of many large companies to pay off their debts for machinery. Thus they will have to sell out their equipment that will reduce the market prices more.
During the bullish trend the cost was on the peak ($120 per TH/s) at the beginning of 2021. But after the declaration of China authorities to use only domestic produced devices the price also fell down. When the BTC was at the it’s maximum the cost of ASIC-miners raised up immediately. Currently we can see a reduction in the market.
Earlier Jarane Melleruda said that the decrease of miner’s income reached 80% from the peak value. In May and June miners even sold reserved tokens when as usual this indicator was lower than 40%.