Bitcoin mining market continues to be hot Bitcoin mining machine in short supply

Bitcoin's continued bull market has triggered demand for new bitcoin mining machines. Many mining machines are in short supply. Miners can't buy new mining machines such as Ant Mining Machine S17 and Shenma Mining Machine M20 in the market. The mining machines were snapped up by miners. The bitcoin mining market continues to be hot.

In China's largest bitcoin mining machine market, Shenzhen Huaqiang North Commercial District has sold out its inventory - before the long bear market, dug a bitcoin, the mine even needs to pay 10,000 yuan, once allowed to participate in mining Confidence was greatly reduced. However, with the conversion of the bulls and bears, the bonus during the flood season and the cognitive upgrade of the entire industry, the mining revenues rose again. The sales person of Huaqiang North Mining Machinery Store revealed to reporters that the ants and Shenma mining machines are now out of stock. And not only is the stock out of stock, the futures have also delayed delivery. Bitcoin's new models launched in the second half of this year are also sold out in a few minutes.

In the Huaqiang North business district of Shenzhen's electronics manufacturing center, shoppers can find mining machine suppliers scattered between the fourth and sixth floors, which were initially occupied by computer component distributors. Demand makes the supplier's sales price much higher than the price listed on the website.

Considering the soaring price of bitcoin mining machines, customers buy as many mining machines as possible, and the ant mining machine S17 is now trading at about $3,055 (21,000 yuan).

When asked if there is available stock, the supplier stated that the Ant Mining Machine S17 and Shenma Mining Machine were sold out. According to Bitco's website, Ant Mining Machine S17, Ant Mining Machine S9 and Ant Mining Machine T17 have also been sold out.

The Bitcoin address can be a more intuitive indicator that reflects the avid market, not the hash of the mining. As of the end of June, there were 672,658 addresses with a total of 38,614,230 blockchain wallet users. Comparing the 2017 user survey data with the 2019 user survey data, more than half of the people surveyed in 2019 learned about Bitcoin and realized that Bitcoin and blockchain are financial innovations.

Due to the current low cost of electricity in the bull market and the flood season, miners can easily get a return on their investment. The profit of the Bitcoin mining machine can reach 8 to 12 US dollars (50 to 80 yuan) per day, so in less than five months,

Miner maintenance personnel are also beneficiaries as customers have recently doubled. Recently, about $5 to $6 (30 to 40 yuan) was used to repair the control panel of the mining machine, but now it costs between $12 and $13 (80 to 90 yuan). Even if there is only one maintenance point in a province, the miners are still vying for their services.

It is understood that the electricity bill during the wet season is relatively low. If the electricity bill can be controlled within 0.04 US dollars (0.3 yuan) per kilowatt, whether it is a new mining machine or a second-hand mining machine, Bitcoin mining can obtain considerable profits.

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