18 Apr 2022
Bitcoin mining rig prices continue dropping
Bitcoin mining rigs haven't been cheaper since August, as decreased mining profitability leads to less demand for hardware.
Some mining rigs are more energy-efficient than others, meaning that they require less electricity to produce the same amount of bitcoin.We measure the energy efficiency of mining rigs in watts per terrahash (w/TH). This metric shows how much energy a rig uses to produce 1 TH per second, and the lower this number - the more energy-efficient is the mining rig.The ASICs are priced per TH/s of hashrate they can produce. The more efficiently a rig can deliver hashrate, the more will it cost per TH/s. For example, the most efficient rigs cost around $80 per TH/s, while the least efficient rigs trade for about $20 per TH/s.Hashrate Index provides an index tracking the prices of highly efficient rigs (under 38 w/TH), medium efficient rigs (38 -68 w/TH), and inefficient rigs (above 68 w/TH).Example of calculating rig prices: The Antminer S19 Pro, with an energy efficiency of 30 w/TH, belongs to the "Under 38 w/TH" group and therefore has a cost of $80 per TH. Multiplying this rig's hashrate of 110 TH/s by $80 per TH gives a rig price of $8,800.Since December, rig prices have been trending down, primarily due to decreasing profitability of mining.