The price of Bitcoin ASIC mining machines in some cases has dipped to lows unseen since 2020, according to data from Hashrate Index.
to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen their prices fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec. 25.The same statement holds true for the mid-tier machines, with prices now averaged out at $10.23 after falling a massive 89.36% from its peak price of $96.24 on May. 7, 2021.
However, the least efficient machines, ones that require more than 68 Joules per TH, are now priced at $4.72, a 91% drop from its peak price of $52.85. The last time it was priced near this was around Nov. 5, 2020. Bitcoin ASIC Miner Price Index for machines with varying levels of efficiency. Source: Hashrate Index.
The fall in prices has largely been attributed to large Bitcoin mining companies that have struggled to remain profitable throughout the bear market, with many either filing for Chapter 11 bankruptcy,
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