PANews reported on December 18 that according to Hong Kong Wen Wei Po, the price of Bitcoin mining machines in Shenzhen Huaqiangbei rose sharply due to the surge in Bitcoin prices. The Antminer S21 335T is priced at US$5,600 (approximately RMB 40,700) per unit, an increase of 30% from last year. Some high-performance models such as the S21 XP water-cooled mining machine have been sold out on the official website, and the mining machine market is in short supply.
Buyers mainly come from Russia, the United States, Canada and other places, and some customers purchase hundreds to thousands of mining machines at a time. The low electricity prices in these regions, such as only RMB 0.37 per kilowatt-hour in Canada and RMB 0.2 in Russia, give miners a large profit margin. Industry insiders predict that the Bitcoin bull market is still in its early stages, and the price of mining machines may rise further next year, and the market shortage will become more serious.
