Bitmain’s Antminer HS3 sells out in 27 seconds

Bitmain, a crypto chipset manufacturer, announced that it sold out its latest Antminer (HS3) in 27 seconds after release.

Bitmain’s Antminer mining chips sell out

Chinese private enterprise Bitmain has reportedly sold out its latest wardrobe, Antminer. The so-called Antminer HS3 seems to have been in high demand as users bought them in just 27 seconds. It indicates that vast individuals and venture capitalists still participate in digital asset mining.

On Dec.20, the HNS Blake2B+SHA3 air-cooling miners were put on sale, and clients purchased them at a fast rate. According to the Bitmain website, each customer could only buy 5 units. Given the price breakdown of mining equipment this year, the Antminer sold for only $2,092 per unit at retail.

HS3 has a hashrate of 9 TH/s (terahashes per second) and a power consumption of 2,079 watts. This equates to 231 joules per terahash of energy.

Bitmain remains the dominant player in bitcoin mining devices and designs ASIC chips. An application-specific integrated circuit (ASIC) is a specialized embedded system chip and is a computerized instrument that only utilizes ASICs to “mine” digital currency. Every ASIC miner is designed to mine a particular coin.

The Antminer S19 XP is the company’s only accessible flagship model, with a hashrate of 134 TH/s and only 21.5 joules per terahash. However, it costs 3 times as much: $6,164 per unit. The organization stated that its 100 TH/s S19 Pro Antminer had also sold out. Furthermore, its S19 XP Hydro Antminer, which boasts hashrates over 200TH/s, was unavailable.

ASIC price index and bitcoin price decline in 2022

According to recent data, both the ASIC price index and bitcoin prices declined in 2022. Correspondingly, the price falls were more pronounced with miners that used more power efficiently. The ASIC Price Index displays the current cost per terahash for various bitcoin mining equipment, divided into three efficiency tiers.

As bitcoin miners experienced a toxic combination this year, mining profitability has plummeted. High hashrates, uncertainty, low Bitcoin price fluctuations, and rising energy costs have severely impacted the majority.

Nonetheless, global onchain and financial metrics provider Glassnode has revealed good insights into the crypto ecosphere, as it has announced a new bitcoin mining dashboard. The dashboard will aid in the provision of insights into the ASIC fleet. It will consider 4X Antminer rings: S9,S17, S19 Pro, S19 XP Hyd. The company can estimate rig counts needed in producing the current hashrate.

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