A recent study by WU blockchain revealed that Bitmain, a company that provides crypto-mining gear and solutions, sold their most recent HNS HS3 mining equipment in only 27 seconds.
Bitmain reports that the machine may be purchased for a price of 2092 USD per unit and that its specifications include 9T 2079W and 231J/T. Notable is the fact that in the last year, the cost of HNS has decreased by 90.5%, reaching the current price of $0.026.
Wow that was SO FAST🙀#ANTMINER HS3 was sold out in only 2⃣️7⃣️ seconds‼️‼️
Thank you everyone for your support❤️ Stay tuned for our next batch
💬Welcome to comment below on what kind of miners you expect the most☺️ pic.twitter.com/gRKfMYREiL
— BITMAIN (@BITMAINtech) December 21, 2022
Given the price drop of mining equipment this year, the retail pricing of the Antminer is rather reasonable. On December 20, the HNS Blake2B+SHA3 air-cooling miners went on sale, and they were quickly purchased. According to the Bitmain website, each buyer may only purchase five units.
Amid its massive sales, the Beijing-based firm was estimated to be worth between $40 billion and $50 billion, which would have made it one of the most successful initial public offers even if it had been successful.
It is essential to take into account the fact that Bitmain is a vertically integrated firm. It designs and manufactures its chips for mining rigs and then sold to end users. Additionally, it incorporates them into the machinery used in bitcoin mining farms.
In the market for mining equipment, Bitmain is unrivalled as a leading competitor. It is believed that Bitmain controls as much as 80 per cent of the need for the equipment used to mine bitcoin. The Application-ASIC chips manufactured by the business are widely regarded as the market’s most reliable and efficient workhorses.
The Antminer HS3 series is a unique type of minor. The many aspects it carries could be why many miners rushed to buy the equipment.
What should you look for in a Miner?
A way to help protect a blockchain network from assaults while financially encouraging its miners to work together to protect it is through mining its cryptocurrency.
Mining sets sometimes referred to as “rigs,” can differ in cost, scale, performance, and efficiency. A central processing unit (CPU), graphics processing unit (GPU), field programmable gate array (FPGA), or application-specific integrated circuit (ASIC) may be used in a mining setup, for instance (ASIC).
Price, energy consumption, flexibility, hash rate, or how much computing power the system can provide toward solving an algorithmic mining challenge is some of the most critical elements to consider when choosing a crypto-mining setup. We briefly discuss the benefits and drawbacks of the various crypto miners below.