In today's digital currency market, the phenomenon of insufficient supply of Bitcoin mining machines has become increasingly noticeable. On the surface, mining seems to have become a hot industry, but a closer look reveals that it contains deeper connotations. This article will delve into the truth behind the supply and demand of Bitcoin mining machines and reveal the future development direction of the mining industry.

The popularity of the Bitcoin mining machine market is unprecedented. As the price of Bitcoin continues to rise, more and more investors are pouring into this field, hoping to make more profits through mining. However, this situation of insufficient supply is not a simple market fluctuation, but implies a change in the mining industry. The traditional concept that mining is a hard and low-profit industry has failed to foresee the huge potential of the digital currency market. It is this uncertainty and potential profit that drives the demand for Bitcoin mining machines to continue to rise.

With the surge in demand for Bitcoin mining machines, a variety of brands and models have appeared on the market. From traditional mining machines to the latest high-performance equipment, consumers can choose the right product according to their needs and budget. For example, Antminer, as a leading brand in the industry, has won wide recognition for its stable performance and high-quality after-sales service. Manufacturers such as Bitmain have launched more high-end mining machines, satisfying some investors' pursuit of performance and efficiency.

However, the phenomenon of insufficient supply of Bitcoin mining machines has also caused some doubts and concerns. Some people believe that the hot mining machine market is only a temporary boom, and once the price of Bitcoin fluctuates sharply, demand may drop rapidly. In addition, as the difficulty of Bitcoin mining continues to increase, it is difficult for ordinary investors to obtain stable returns, which also increases market uncertainty. Therefore, for mining machine suppliers, how to balance market demand and product quality has become an important challenge.

Despite this, the prosperity of the Bitcoin mining machine market has brought new vitality to the entire digital currency industry. With the continuous advancement of technology and the continuous expansion of the market, the mining industry is also constantly evolving and improving. In the future, with the widespread application of blockchain technology and the further maturity of the digital currency market, Bitcoin mining machines may usher in greater development space and become an important part of the digital economy era.

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The supply of mining machines is in short supply, and the shortage of chips restricts production capacity. Bitmain's official website shows that multiple models of Antminer T17 and S17 series have been sold out. Some models show that they will be shipped 7 working days after payment is confirmed, and the delivery time of some models has been postponed to the end of November 2019. Different models of Antminers have different computing power and prices. Sina Finance noted that the out-of-stock ones are mainly mining machines with large computing power and high prices.

According to Taiwanese media reports, Bitmain urgently added a huge order of 7nm chips to TSMC to cope with the large demand for mining machines. Weibo technology big V "Mobile Chip Master" broke the news that Bitmain has booked a total of 30,000 7nm chips from TSMC in the third and fourth quarters. As the first chip manufacturer to master the 7nm process, TSMC has almost taken all the current 7nm chip orders in the world. Industry insiders analyzed that a 12-inch 7nm nano wafer can roughly cut out about 3,000 ASIC mining machine chips.

Unfortunately, TSMC's 7nm production capacity is currently full and in short supply. Qualcomm, Huawei, and Apple are also competing for TSMC's 7nm production capacity. Faced with limited chip supply, even Bitmain, the world's largest mining machine giant, can only sigh at the "coin".

According to Canaan Creative's official website, there are only a small number of Avalon mining machine A10 series in stock, most of which need to be pre-ordered; the A9 series has been sold out; the A8 series is mostly shipped 7 working days after payment.

Multiple models of the A10 series need to be pre-ordered

According to the official website of Ebang International, most of the Ebit series mining machines have also been sold out. In addition, it is worth noting that only two mining machines in the Ebit E12 series indicate the delivery time after payment, both of which are shipped three and a half months after payment. Other models do not even have any delivery time or replenishment instructions.

Source: Ebang International Official Website

The driving force behind the strong demand for mining machines comes from the rising coin price since 2019. Bitcoin has risen by more than 250% since its low of $3,177 in December 2018. Some small exchanges and mining machine dealers have closed down in the cold winter of the currency market at the end of 2018, and those who have held on have seen the light of day.

Mining is listed as an obsolete industry, but the mining machine market is still hot

In sharp contrast to the surge in currency prices and the difficulty in finding mining machines, on April 8, 2018, the National Development and Reform Commission issued the "Guidelines for Industrial Structure Adjustment (2019 Edition, Draft for Comments)" (hereinafter referred to as the "Draft Opinion"), which listed virtual currency "mining" activities (the production process of virtual currencies such as Bitcoin) as obsolete industries. In the "Draft Opinion", virtual currency mining activities are classified as "backward production process equipment" with some chemical production technologies that produce toxic gases and highly pollute the environment.

However, the hot mining machine market does not show that this industry is an obsolete industry at all, but rather it seems to be in full swing and thriving. In the final analysis, the "Draft Opinion" is not mandatory, but only provides a policy orientation, which has almost no binding force on industry practitioners. Under the background of rising coin prices, both mining machine manufacturers and mine operators still pursue mining profits as the first orientation, and production and operation are not affected in any way.

The current boom in the mining machine market is based on the recovery of Bitcoin and the fact that regulation does not completely ban mining. Once any of these foundations are shaken, the market will immediately be poured with cold water. This is also the reason why the three major mining machine giants have applied for listing on the Hong Kong Stock Exchange but have not been approved. Now Bitmain and Canaan Creative have successively applied for US stock IPOs, and the prospects are still unpredictable.

In general, there are abundant business opportunities and challenges behind the phenomenon of insufficient supply of Bitcoin mining machines. As an emerging industry, the mining industry is undergoing transformation and reshaping, and the hot mining machine market also reflects the potential and vitality of the digital currency market. In the future, with the continuous development of technology and the continuous changes in the market, Bitcoin mining machines may usher in more opportunities and challenges and become an important engine for the development of the digital economy. May we witness this historic moment together and explore the infinite possibilities of the world of digital currency!