Amazon and MercadoLibre show a variety of prices this week, compared to last March 16. Meanwhile, high-generation miners average above $9,000, according to the Hashrate Index.
A slope, like a slide, is the best way to describe the prices of Bitcoin (BTC) ASIC miners in the last two weeks, especially the high-end ones, as they average just over $9,000, the lowest figure in so far this year.
According to the Hashrate Index charts, prices for highly efficient Bitcoin miners cost up to $9,116 on average. Of course: this varies depending on the countries, in terms of freight and shipping issues. Among this high-end equipment, we can mention the S19 Pro from Bitmain, one of the largest ASIC manufacturers on the market.
This is a significant drop, taking into account that, when 2022 began, these miners averaged USD 11,154. That is, high-end miners have fallen 18% since the beginning of this year.
In the case of miners with medium efficiency, where Bitmain’s Whatsminer M20 stands out, the drop was around USD 3,728 on average. They accumulate losses of 30% since last January 4, when they reached USD 5,327.
Regarding the oldest and least efficient miners, among which a Bitmain Antminer S9 stands out, they currently average around USD 284. In this group, the drop has not been so large because, since the beginning of the year, they have kept prices relatively low. Even so, they accumulate drops of 20%, falling from USD 358 in January.
ASIC prices continue to decline at a time when bitcoin is experiencing mixed numbers, which allowed it to break through the $45,000 barrier and remain, at press time, above $46,000, according to the CriptoNoticias Price Calculator.
What Marketplaces have to say
To confirm the declines in the mentioned models, CriptoNoticias reviewed the prices of Amazon.com and MercadoLibre Venezuela, given the high presence of Bitcoin miners on this side of the world.
Starting with the Antminer S19 Pro (110 TH/s), at the close of this article, it is trading around $10,475 on Amazon.com. This is a drop of 18% in a matter of two weeks when the equipment cost USD 12,795.
In MercadoLibre, meanwhile, the same team is trading above USD 2,225. That is 11% less compared to the week of March 16, when it reached prices of USD 2,500.
The other model, the MicroBT Whatsminer M20 (70 TH/s), maintains similar prices compared to last week on Amazon, where they are sold for around USD 5,500.
Towards South America, rather there was an increase. From USD 1,350 where it was trading two weeks ago to USD 1,500 per unit at the close of this note. That represents an increase of 11%.
Moreover, about the S9, which are the most used miners in Venezuela, in the words of a CriptoNoticias source, Amazon reports parity with two weeks ago. The miner, which has a hash rate of 13 TH/s, is trading on this marketplace at USD 749.99.
In MercadoLibre, there was a difference. On March 16, this hardware was selling for around USD 470. Two weeks later, however, a 25% drop to USD 350 is reported.
Conclusion: Mining is a Good Option
The price of Bitcoin miners all averages down could become a clear opportunity for new investors to target the area. This will help to expand cryptocurrency mining to new markets, such as Latin America.
As recorded in a series of reports in CriptoNoticias, in Latin America there is a nascent niche for mining. According to specialists from Argentina, Paraguay, and Venezuela, it appears that mining cryptos can be profitable.
Climates, renewable energy sources, and growing adoption formulate the equation that would allow any miner to develop in these spaces. Paraguay, for example, is a viable option, looking like the Promised Land for profitable Bitcoin mining.
By Audy Castaneda
