Chinese miners are actively buying used equipment and preparing for summer
06.03.19
Bitcoin miners from the Celestial Empire rely on the fact that by the summer, hydroelectric power plants will have significant reserves. They are counting on extremely low tariffs and buying used cryptocurrency mining equipment.

Thus, the most favorable tariffs are expected in the provinces of Sichuan and Yunnan in the south-west of the country. According to the operator of six farms Hashage, in the summer the price per kilowatt / hour should be about 0.25 yuan - a little more than three US cents. Most interest is shown by entrepreneurs from the provinces of Inner Mongolia and Xinjiang - there the price per kilowatt / hour is 0.35 yuan - a little more than five US cents.

Head of Hashage Xiong Cheng said: individual miners and major players have already expressed their willingness to place more than a million devices. In this case, the first are ready to place from 1000 to 3000 miners, and the second up to tens of thousands.

At the same time, Cheng confirmed that the market for used miners is growing in China. The used model Antminer S9, for example, is traded in the range of $ 100 to $ 200. Some alternative sellers offer allegedly new S9 for $ 300, although on the official site Bitmain a piece of equipment still costs $ 450.

Representatives of the mining pool Bixin called the Antminer S9 a kind of AK-47 machine, because the model shows the best balance of performance and cost of maintenance in the current environment.

In Hashage also intend to buy and place 20 thousand used ASIC-devices. Cheng is sure that bitcoin hash rate will grow significantly by summer. At the moment, according to Blockchain.com, it is 41.3 EH / s.

Add that the total income of bitcoin miners in February amounted to $ 195 million, having sunk by 10% compared with the previous month and reaching a 19-month minimum. Nevertheless, gross margin showed growth since the beginning of 2019, which had a positive effect on the net profit of miners.