Key Insights:
The latest Bitcoin news covers Bitmain lowering prices on its Bitcoin mining rigs on December 23.
As per reports, a container bundle for the S19 XP+ Hydro is selling for about $4 per terahash.
This indicates that the old rule, which states that higher Bitcoin prices automatically increase ASIC demand, no longer holds.
Bitmain lowered prices on its Bitcoin mining rigs on December 23. The latest Bitcoin news indicates that this move comes after the revenue earned per unit of computing power dropped in November.
The move followed weaker economics for miners, even as Bitcoin prices remained firm. In earlier cycles, strong price action typically widened mining margins, triggering equipment shortages and sharp price increases.
This time, that pattern has broken. Bitcoin has held up well. However, mining profits have not grown enough to justify high machine prices.
As a result, sellers are now offering discounts even on newer hydro and immersion rigs. This shift s
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