Huge dip in BTC (13%)

soulis.tech (29)in #bitcoin • 7 years ago (edited)

Huge dip in BTC (13%) caused by users selling/trading their BTC for BCash to buy the new batch of Bitmain's Antminers S9.

Twitter announcement: https://twitter.com/BITMAINtech/status/943032606743937024

Bitmain increased the price of the Antminer S9 from $1450 in July to $2725 now in December.
I am mining since 2013 and I am watching bitmain do the same thing every time BTC's value increases. It seems that the company's protocol is to sell their miners at a price so that the ROI is >= 3 months.

A S9 can mine at the time of this post about $1000 a month, so you see the correlation.

#crypto #mining

7 years ago in #bitcoin by soulis.tech (29)

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twitterbot (56) 7 years ago

BITMAIN tweeted @ 19 Dec 2017 - 08:17 UTC

Good news: We're finally releasing a batch of the Antminer S9 #BitcoinCash #Bitcoin miner today at 5PM (19 Dec, GMT… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

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familytree (48) 7 years ago

so the reseller will increase it to 5000 USD

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soulis.tech (29) 7 years ago

That's about right, if not way more

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rouketas (61) 7 years ago

and they are sold out again ! in less than 48hrs

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steemitboard (66) 5 years ago

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