Bitcoin mining rig prices surge by 35% as BTC goes on a rampage

Bitcoin mining machines from Bitmain and Microbt see their prices hiked by 35% and machines sold out until at least May 2021.

@anthony256

Published Dec 17, 2020 7:26 PM CST
Updated Jan 13, 2021 3:54 PM CST

47 seconds read time

As the price of Bitcoin (BTC) hits a new all-time high, the prices of bitcoin mining machines are also going up -- around 35% since the beginning of November.

Bitcoin mining rig prices surge by 35% as BTC goes on a rampage 05

Bitmain and Microbt are reportedly totally out of bitcoin mining rigs until at least May 2021, which is 6 months away. This means that knowing there's no new mining machines arriving for 6 months, demand for machines is as solid as it can be -- and now miners are looking at second hand market to pick up hardware.

John Lee Quigley on Hashr8 explained that "everybody is bullish on bitcoin and the rise in the price of mining machines is certainly reflecting that". He adds that Marathon Patent Group got its hands-on a "purchase agreement for latest-generation" mining rigs that include 6000 x Antminer S-19J Pro mining rigs that will arrive in August 2021, and 4000 in September 2021.

Read more: Bitcoin blew past $20,000 peaking at $22,900 for new all-time-high

NEWS SOURCES:news.bitcoin.com, hashr8.com, globenewswire.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.