The bidding war for Bitcoin mining machines heats up again. The secrets behind it and the future outlook

In the world of digital currencies, Bitcoin is undoubtedly the most dazzling star, and the bidding war for mining machines related to it is an indispensable part of this feast. As the price of Bitcoin continues to rise, the demand for mining machines has also skyrocketed, and the bidding war for mining machines has become more and more intense. This bidding war is not only a competition for equipment, but also a microcosm of the future strategic layout of major miners, investors and companies.

In recent years, as the market value of Bitcoin continues to increase, more and more investors have begun to pay attention to this field. Data shows that the price of Bitcoin once exceeded $60,000 in 2021, attracting a large influx of capital. This phenomenon has directly led to a surge in demand for Bitcoin mining machines. Mining machine manufacturers, especially those with advanced technology and strong production capacity, have quickly become the focus of the market.

When bidding for mining machines, major miners and investors consider not only the current market price, but also the potential future returns. According to analysis by industry insiders, the current Bitcoin mining yield is still relatively considerable, especially in areas with low electricity costs, where there is still room for profit. Therefore, more and more companies are beginning to plan the purchase of mining machines in order to gain a favorable position in future competition.

At the same time, with the global emphasis on renewable energy, many miners have begun to explore ways to mine green. Compared with traditional coal-fired electricity, renewable energy such as solar energy and wind energy can not only reduce mining costs, but also reduce the impact on the environment. This trend has led some mining machine manufacturers to begin developing equipment suitable for green mining, further promoting the technological advancement of mining machines.

Behind the bidding war for mining machines, technological innovation is also an important part that cannot be ignored. With the continuous launch of new generation mining machines, the threshold of market competition is also constantly increasing. Whether it is the increase in computing power or the reduction in energy consumption, technological progress is affecting the decision-making of miners. It can be said that whoever masters advanced mining machine technology will have the upper hand in this bidding war.

Of course, in addition to technology and price, the market policy environment has also had a profound impact on the bidding war for mining machines. Governments have different regulatory policies on digital currencies. Some countries support Bitcoin mining and encourage companies to invest, while other countries have taken restrictive measures or even banned mining activities. These policy changes directly affect miners' investment decisions and also cause fluctuations in the demand for mining machines.

In this context, participants in the mining machine bidding war should not only pay attention to market dynamics, but also closely follow policy changes. Only on the basis of a full understanding of the market environment can wise investment decisions be made. For example, the Chinese government's crackdown on Bitcoin mining in 2021 has led to a large number of miners moving overseas. This change has significantly changed the pattern of the global mining machine market.

It is worth noting that as the bidding war for mining machines intensifies, some new trends have emerged in the market. For example, the leasing model of mining machines has gradually emerged, and many investors choose to lease mining machines instead of buying them directly. This model not only lowers the threshold for investment, but also enables more ordinary investors to participate in Bitcoin mining.

In addition, the concept of mining machine sharing is also gradually developing. By establishing a mining machine sharing platform, investors can rent their mining machines to others for use, thereby maximizing their profits. This model has alleviated the pressure brought by the rising prices of mining machines to a certain extent, and also provided more choices for participants.

In the days ahead, the bidding war for Bitcoin mining machines is bound to continue to heat up. We can foresee that with the continuous advancement of technology and the continuous changes in market demand, the types and models of mining machines will become more and more abundant. At the same time, the market competition will become more and more fierce. Participants who can adjust their strategies in time and seize market opportunities will stand out in this bidding war.

In short, the bidding war for Bitcoin mining machines is not only a competition for equipment, but also a game for the future digital currency ecosystem. Participants need to have not only keen market insight, but also flexible adaptability. Only in this way can they be invincible in this bidding war full of variables.

In this mining machine bidding war, individual investors cannot ignore their role either. Many ordinary investors exchange information and share experiences through social media, forums and other platforms, forming a large investor community. These communities not only provide investors with a source of information, but also become an important channel for many people to obtain inspiration and strategies. It is this sharing of information that improves the transparency of the entire market and makes the decision-making of participants more rational.

In this ever-changing digital currency era, the bidding war for mining machines is a dual battle between technology and the market. Whether it is a large miner or an ordinary investor, they need to pay attention to market changes and judge the situation to succeed in this competition. The future mining machine market will be more diversified, and participants will face more opportunities and challenges. In this context, whoever can seize the opportunity in this bidding war will have a place in the future digital currency market.

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As the price of Bitcoin breaks new highs above $20,000, the bidding war for top ASIC mining machines heats up again. Although Bitmain has raised the price of its mining machines by at least 20% since the beginning of December, the bulk pre-orders for its flagship ASIC mining machines are still booked until the beginning of the third quarter of next year.
The Beijing-based mining machine manufacturer recently updated the prices for the latest batch of mining machines that are available for pre-order, which will not start shipping until at least June 2021. This indicates that the current delivery queue has been extended by two months.
Bitmain has increased the pre-order price for the June batch by 20% compared to the April batch.
The pre-order prices for Bitmain’s AntMiner S19 Pro and S19 are $3,095 and $2,276 respectively.
Archived quotes for Bitmain’s April/May batches seen by The Block are $2,581 and $1,897, respectively.
The mining index tracked by crypto mining pool Luxor shows a similar trend. The most efficient and powerful mining machine models have risen in price by 25%, with the price per unit of computing power (TH/s) rising from $28 in mid-November to $35 now.
The January batch of mining machines has a premium
Bitmain’s main competitor, Shenzhen-based MicroBT, told The Block that it has yet to announce the next batch of
Pre-orders for WhatsMiners’ flagship product are now available. But prices are expected to be adjusted to match Bitcoin’s recent price rise.
As reported last month, following the surge in Bitcoin prices since November, pre-orders for mining machines from both leading manufacturers have sold out through April 2021.
Notably, some buyers who pre-ordered Bitmain’s January 2021 batch of miners in September and October are posting offers to resell the soon-to-be-shipped miners at price premiums of up to 75% to 90%.
The Block obtained quotes from several Chinese bitcoin mining machine dealers, showing that the January batch of Antminer S19
The Pro is priced around $4,200, although there aren't many of them. Likewise, the S19 is priced between $3,250 and $3,500.
Archived information from Bitmain shows that the pre-order prices for the January batch of S19 Pro and S19 three months ago were $2,387 and $1,770, respectively.
Price list from a Chinese mining machine dealer on December 15
9-digit large order
As The Block reported last month, institutional capital — particularly from Western funds — has been one of the main drivers of Bitcoin mining equipment purchases in recent months.
In fact, U.S.-based Bitcoin miner Core Scientific said on Thursday that it had “signed an agreement with Bitmain” to purchase more than 58,000 Antminer S19 and S19 5000 units for its hosting customers.
Pro products are supported. Delivery will continue until September 2021.
Core Scientific did not disclose details such as the transaction price or the buyer. But the execution of the agreement suggests that the two parties may reach a price lock agreement to reduce costs below the market average.
Even assuming that the average cost of purchasing a mining machine from Core Scientific is $2,000 (less than the S19 Pro in 4
The purchase cost at least nine figures in U.S. dollars.
Core Scientific purchased 17,000 S19 and S19 Pro units from Bitmain in June, which were allegedly delivered in October.
In total, more than 75,000 S19 series miners – fully delivered and plugged in – will provide more than 7 EH/s of hashrate to Core Scientific’s hosting customers.
“Since we launched our first 6
Since reaching our last acquisition agreement with Bitmain in July, Core Scientific has seen a surge in demand from new and existing customers, as well as a significant increase in institutional interest in digital asset mining in North America.”
Core Scientific said in July that it was expanding its offering to U.S. investment firm Horizon Kinetics.
It is reported that as of June this year, Horizon Kinetics manages $5.3 billion in assets.
Core Scientific also recently partnered with the mining subsidiary of Digital Currency Group
Foundry signed an agreement to obtain a $23 million loan to finance its mining operations and meet customer needs.

In this fierce bidding war, the price of mining machines has also risen sharply. Take Bitmain, the leader in the Bitcoin mining machine market, for example. The price of its latest Antminer S19 series mining machines has soared to tens of thousands of dollars in the market. This price surge is not accidental. Behind it is the increasing difficulty of Bitcoin mining and the continued growth of global demand for Bitcoin.

As investors, we should not only pay attention to the price fluctuations of Bitcoin mining machines, but also think deeply about the market logic and technological development behind them. Only by fully understanding the market can we make wise investment decisions. In this era full of opportunities and challenges, maintaining keen market insight and being good at seizing opportunities will be the key for every investor to win in the mining machine bidding war.