With network hashrate remaining high and bitcoin prices staying weak, Bitmain significantly reduces bitcoin miner prices.

BlockBeats News, December 27, according to TheMinerMag, Bitmain has recently made significant reductions in bitcoin miner prices, with several S19/S21 series models entering the "clearance price" range.

Internal quotations show that the S19e XP Hydro and 3U S19 XP Hydro are as low as $3/TH/s, S19 XP+ Hydro is about $4/TH/s; S21 immersion miner is about $7/TH/s, and S21+ Hydro is about $8/TH/s. Previously, the company launched a bundled plan for the S19 XP+ Hydro, which translates to about $4/TH/s, and in November adopted an auction-style starting price of $5.5/TH/s for the S19k Pro.

Analysis points out that since network hashrate remains near historic highs while the price of bitcoin has declined, the price of hashrate is hovering near multi-year lows, increasing pressure on the mining industry. This environment squeezes miners' profit margins and reduces demand for new equipment, especially for less efficient models, while also intensifying competition between ASIC miner manufacturers and second-hand market sellers.