The cost of Bitcoin mining devices in terms of the hash rate produced has dropped to December 2020 levels.

According to Luxor Mining’s Hashrate Index service, the price of flagship ASIC miners (energy efficiency of 38 J/TH and above) is about $41 per 1 TH of power.

Citing its own industry source, CoinDesk says that Bitmain’s Antminer S19 and S19 Pro, which fall into this category, are selling for between $20-$23 per TH.

In this price range, MicroBTC’s top-of-the-line Whatsminer M30 models are also implemented.

According to the publication’s source, the bankruptcy of Celsius Mining along with the parent company increased the pressure on the market. In June, Celsius Network mining division auctioned 6,000 miners for $28/TH. The company has already sold a second piece of equipment of 5000 units for $22/TH.

In 2021, Celsius Network invested a total of $500 million in mining in North America. In November, the company’s CEO, Alex Mashinsky, announced that the fleet consisted of 22,000 ASIC devices, primarily the Antminer S19.

“As new devices hit the market, we expect prices to drop by another $1-2/TH for the next generation. “There are a number of mining companies that will have to liquidate some of their fleets, putting additional pressure on the cost of ASIC miners,” Luxor COO Ethan Vera predicts.

According to him, falling prices for miners could feel some support at $18-20/TH. Vera said that at this level there is now an “application volume” for acquisition.

In July, CleanSpark announced that it had purchased 1,061 Whatsminer M30S units at a “significantly discounted price.” A month ago, the firm purchased 1,800 Antminer S19 XP, the price of which it calls “exclusively preferential.”

Recall that in June, the profitability of bitcoin mining fell to 2020 levels, according to analysts at Arcane Research.

In the same month, the total revenue of initial cryptocurrency miners was $668 million, down 26% from May.

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