Bitcoin miners at half price: they fall 60% since the beginning of 2022

chart shows price decline of ASIC miners in the past year

The prices of Bitcoin mining equipment, known as ASICs, have fallen by 60% so far this year, a bearish streak driven by market volatility that has affected the price of these devices.

According to ASIC price indexwhich is run by the Hashrate Index, teams are down 57.9% since the first week of 2022. This is remarkable. ASIC miners have been in their downtrend for 26 weeks.

Hashrate Index discriminates the SO C depending on its efficiency. In that sense, the latest generation miners, where equipment such as Bitmain’s S19 Pro (110 TH/s) enter, are at average prices of USD 5,500 at the close of this article. In January, the figure was nearly $11,200 for this type of hardware.

In the case of a newer miner, such as an S19 Pro+ Hyd (198 TH/s), the current price is around USD 9,900, after coming from averages of USD 20,000 at the beginning of the year. This group reports a price drop of 51.4% in almost seven months.

The mid-range ones, such as Bitmain’s S17 (56 TH/s), were the ones that fell the most in the period from January to June. We calculate 66.3% since the beginning of the year, after going from USD 4,200 on average, to USD 1,400 at the close of this article.

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The oldest ones, with a lower efficiency, such as Bitmain’s S9 (13.5 TH/s), also mark the drop in the mentioned period. In this case, 56.2%, after going from USD 358 in January to just USD 156 in June.

It is good to clarify that ASIC prices are averaged by Hashrate Index, but they may vary depending on freight and shipping costs, which change by country or destination.

chart shows price decline of ASIC miners in the past year
26 weeks in a row of falls and prices not seen since January 2021 is the current scenario for ASICs
to mine Bitcoin. Source: Hashrate Index.

Current average ASIC prices not seen since the early days of 2021, when he started rally bullish that led these teams to quotes of more than USD 13 thousand for state-of-the-art miners.

The trend continues

The prices reported today follow the trend already seen by CriptoNoticias for several weeks. The last report was at the beginning of the month. At that time, 23 weeks of falls had accumulated. Before, in April, drops were already reported. At that time, the drop was 20% since the beginning of the year.

And, as now, the reasons for the decline in prices responded to the positive correlation of these teams with the price of bitcoin, which in recent weeks has accelerated its downward trendto touch prices of USD 20,100 at the close of this press release.

This may add to the reluctance of investors to acquire Bitcoin miners, given the low profitability of the activity right now. This only accelerates the fall in prices, since there is no demand, which lowers its price at the hands of the buyer.

bitcoin mining equipment
Bitcoin miners are almost 60% cheaper compared to January. Font: Amazon.

The truth is that, as before, the price drop can be seen as an opportunity to enter the market that should not be missed, as 5 miners indicated to CriptoNoticias. Right now, there is a half price miner sale, will you enter?

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