Hashrate Index: Old ASIC Hardware Loses Value While New S21 Models Gain Popularity

A 2024 Hashrate Index report reveals a mixed trend in the mining hardware market: older device lines (such as S17 or T17) have dropped in price by 30–40%, while the latest S21 models are rising in demand, increasing roughly 15% in value. Analysts attribute this shift to changing network difficulty and lowered block rewards post-halving.

The review indicates that mining profitability now hinges not only on Bitcoin’s price but also on energy efficiency. As a result, major participants are gradually modernizing their operations, focusing on premium hardware with lower J/TH rates.

Hashrate Index researchers predict that the sector will continue gravitating toward high-performance miners with minimal power consumption. If this trajectory persists, over 60% of older rigs could be retired within the next two years.