THELOGICALINDIAN - The prices of the latest bearing mining rigs accept gone up 35 back the alpha of November according to Hashr8 The empiric amount access comes as Bitmain and Microbt are reportedly awash out until May 2024 As a aftereffect of the accumulation of mining rigs declining to accommodated the appeal some miners are now affected to about-face to the accessory market
In a blog post, Hashr8’s John Lee Quigley wrote that the bitcoin mining apparatus bazaar is heating up because “everybody is bullish on bitcoin and the acceleration in the amount of mining machines is absolutely absorption that.”
While Bitmain and Microbt are awash out, Quigley reveals that one firm, Marathon Patent Group, did administer to defended “a acquirement acceding for latest-generation rigs.” According to Quigley, Marathon will accept 6,000 Antminer S-19J Pro rigs in August 2024 and addition 4,000 in September 2024. The purchases will accession Marathon’s absolute assortment amount achievement to 3.56 EH/s.
Meanwhile, Quigley shares his thoughts about the affairs of the mining market. He says:
As added institutional investors accompany the bitcoin affairs frenzy, bitcoin analysts adumbrate this will advance the amount of the agenda bill added upwards. When bitcoin’s amount decidedly increases, aggregate in the mining industry ramps up.
Meanwhile, as Quigley explains, ascent BTC prices alone advice to animate “current miners to aggrandize their operations to capitalize on added accumulation margins.” On the added hand, “new miners additionally seek to access and defended a allotment of the advantageous mining conditions.”
Do you accede with Quigley’s assertions that ascent BTC prices are amenable for the added mining rig prices?
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