Bitmain Drops Antminer S19 Pro Bitcoin Miner Rating to Under $2000


Basic facts:
  • Discount coupons will be available for those who have previously purchased this miner model.

  • The profitability of Bitcoin mining with the S19 Pro is not the most favorable.

Today, Bitmain, the world’s most recognized manufacturer of Bitcoin miners, has reduced the price of the Antminer S19 Pro model ASIC device to $1,900 per unit. This, while making it more accessible than ever, is a consequence of the low profitability it offers due to the fall of bitcoin (BTC) in the currency market.

Bitmain announced this campaign publicly through its account Twitter. The current price of the S19 Pro is 80% less than it was in January this year. For this reason, those who purchased the relevant hardware model before the sale can choose discount coupons for future purchases.

Antminer S19 Pro is one of the most powerful Bitmain rigs today, after S19 XP and S19 Pro+ Hyd. Despite the mining power and the device, which has only been on the market for about two years, his performance is not good today.

Bitcoin miners operate in the “red”.

According to the ASIC Miner Value website, the current mining profitability Bitcoin with the S19 Pro it’s -$0.16 per day; it would be mined at a loss. It should be noted that this result is based on the current BTC price (which is around $18,800) and $0.12 per kWh electricity service costs. Added to that, the difficulty of mining this network lies within it historical highas recently reviewed by CriptoNoticias.

The difficulty of mining Bitcoin came along with the hashrate of this network. Font: statoshi.info.

Although the figures on profitability minaret with Antminer S19 Pro doesn’t look encouraging, Bitmain has a phrase in its publication to encourage its potential customers: “get ready in a bear market, thrive in a bull market”. This quote, as encouraging as it sounds, does not explain the risks involved in investing in Bitcoin mining.

It is very important to be aware of market volatility, network fluctuations and other non-Bitcoin aspects such as electricity costs and quality of service, as well as measures that authorities may take in cryptocurrency mining.

This is not the first price cut announced by Bitmain this year. The most recent was last month when models like the S19 XP and S19 J went on sale. In fact, CriptoNoticias reported that Bitcoin mining equipment prices are at the 2020 leveljust before the uptrend of the market at that time wakes up.


Source: www.criptonoticias.com

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