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BTC Mining Devices 'Out of Stock' Worldwide- 6 Chinese Mining Rig Makers Dominate the ASIC Industry in 2021 – Mining Bitcoin News – Bitcoin News

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by Jamie Redman
While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these days there are only a few manufacturers producing application-specific integrated circuit (ASIC) machines.
Bitcoin (BTC) prices have seen some significant losses during the past two weeks but network participants, particularly bitcoin miners, continue to support the cryptocurrency network. Bitcoin miners have to leverage lots of capital and a great deal of ASICs to compete with the industrial speed and innovation this sector has captured. In the early days, a great number of ASIC manufacturers existed but these days, there’s only a small pack of mining rig manufacturers producing these devices.
The top cryptocurrency ASIC manufacturers in 2021 include companies like Microbt, Bitmain, Canaan, Innosilicon, Strongu, and Ebang. Similar to 2020 statistics, this year Microbt and Bitmain continue dominate the market, as far as the most powerful and most profitable ASIC bitcoin mining rigs are concerned.
Data shows the Microbt manufactured Whatsminer M30S++ produces around 112 terahash per second (TH/s), and uses around 3,472 watts of energy off the wall. Using today’s BTC exchange rates and an electricity rate of around $0.12 per kilowatt-hour (kWh), a single M30S++ released in October 2020 makes around $11.11 per day.
A single Whatsminer M30S++ is not cheap as the company sells machines for $17,240 per unit. Every series of Whatsminers are currently sold out from the official manufacturer (Microbt) and the only way to obtain them is through secondary markets. The official distributor Microbt has made multiple deals with institutional buyers that have purchased thousands of these machines.
Another dominant force in the world of ASIC manufacturing is Bitmain. The company is one of the oldest bitcoin mining rig makers and its track record shows it has consistently created some of the world’s most profitable machines year after year. In 2021, Bitmain is also sold out of all the Antminer series mining rigs it creates, as institutional buyers have purchased thousands of Antminers from the Chinese firm.
At press time, Bitmain’s top machine, the Bitmain Antminer S19 Pro, gets around 110 TH/s and $11.38 per day in profit while paying $0.12 per kWh. Bitmain also has another model called the S19j Pro (100 TH/s) and while paying $0.12 per kWh, a single S19j Pro miner should get around $7.61 per day profit.
Bitmain S19j models are out of stock and the company website doesn’t show how much a single unit can cost from the official distributor. Just like the M30S++, second market prices show the S19j machine sells for $17k per machine.
Canaan also has one of the top machines today, as the firm’s Avalonminer 1246 produces around 90 TH/s and pulls around 3,420 watts off the wall. Canaan has recently celebrated its eighth anniversary and has been competing against firms like Bitmain for quite some time. The Avalonminer 1246 was released in January 2021 and as always the company does not list prices on the website.
In order to find out how much an Avalonminer 1246 is from the official distributor, an interested customer is required to fill out a consultation form. Canaan’s website does not say the company is “out of stock” or “sold out,” but the only way to find out is via “business cooperation and product consultation.” Second market prices show the Avalonminer 1246 selling for $9k to upwards of $12k per unit. Using current BTC exchange rates and an electrical cost of around $0.12 per kWh, a single Avalonminer 1246 should get around $7.12 per day in profit.
Bitcoin mining machines made by a few other firms are still profitable using today’s BTC exchange rates. Strongu’s Hornbill H8 released in October 2020, produces around 74 TH/s and could get around $4.38 per day. Both Innosilicon and Ebang have lower-end models as far as hashrate is concerned but they are still profitable. The Innosilicon T3+ produces roughly 52 TH/s which can get $3.47 every 24 hours. Ebang’s Ebit E12+ is around two terahash less at 50 TH/s and produces $2.59 per day.
The aforementioned six ASIC mining rig manufacturers are the top five producers today. Any company below the six bitcoin mining device producers has a long way to go to even dent the dominance these firms currently hold. Much like the Chinese mining pools that capture a large percentage of the global SHA256 hashrate, China’s ASIC manufacturers also command the issuance of the world’s machines.
What do you think about the top five ASIC mining manufacturers and the machines they produce? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitmain, Canaan, Microbt, Ebang, Strongu, Innosilicon,
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Aggregate Bitcoin Price Has Increased By $87 Billion In Last Five Months – Bitcoin Magazine

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The realized market capitalization of bitcoin, or aggregate price paid for every coin on the network, increased by $87 billion since last August.
The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
In recent weeks, much of our analysis has been focused on the consolidation period currently occurring in the bitcoin market, with a particular focus on realized price as an indicator of lackluster capital flow. As shown by the chart below, the realized market capitalization of bitcoin, which can otherwise be thought of as an aggregate price paid for every coin on the network, has increased by $87 billion since the beginning of August. 
While significant in absolute terms, given that the realized market capitalization of bitcoin was a mere $90 billion at its peak following the 2017 bull market, in relative terms realized cap has not meaningfully increased since early fall of 2021.
A look at the 30-day rate of change of realized price gives additional context to this dynamic. 
To dig deeper into the dynamic of price and realized price, we can examine the Delta Gradient indicator. The metric gauges market momentum relative to capital inflows.
As per Glassnode,
“The momentum of a market can be considered by assessing the rate of change of price, or the verticality over some period. The simplest example is a parabolic advance, whereby the rate of price appreciation increases in magnitude as a result of market momentum.
“The Realized Price reflects the aggregate price at which each coin in the supply last moved. Steeper increases in the Realized Price indicates a true and organic capital inflow is occurring, as every coin that is spent on-chain and sold, has a buyer with fresh capital. The steepness of this curve therefore represents a rational baseline for sustainable value growth.
“The Delta Gradient is calculated as the difference between the gradient of the spot Price, and the gradient of the Realized Price. This metric therefore measures the relative change in momentum between speculative value, and true organic capital inflows.
“Statistical normalization is then applied to bring historical values, and log-scale price changes into a consistent scale.”

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Crypto Podcast: Markets Dip and a Closer Look at the Metaverse – Coindesk

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With crypto markets slightly dipping and a look at why we need rules if we want our virtual worlds to be free and open, CoinDesk’s Markets Daily is back with the latest news roundup.
Adam B. Levine
Adrian Blust
This episode is sponsored by Kava.
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Pakistan Plans to Ban Cryptocurrencies as Stance Hardens
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Featured Story: The Metaverse Needs a Constitution
This episode was edited and produced by Adrian Blust.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
@2021 CoinDesk

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Tim Cook said Apple is looking at cryptocurrency – Here’s what the company is likely to do – 9to5Mac

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December 28, 2021
Bradley Chambers
– Dec. 28th 2021 6:00 am PT


A few weeks ago, Apple CEO Tim Cook made headlines when he said he personally owns cryptocurrency while mentioning that Apple is looking at it from a technology perspective, but not from a treasury decision. What will Apple do with Bitcoin and cryptocurrency?

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It’s something we are looking at, it’s not something we have immediate plans to do. I would characterize it as there are things that I would not do like our cash balance. I would not go and invest that in crypto not because I would not invest my own money in crypto, but because I don’t think people buy Apple stock to get exposure to crypto. So if they want to do that, they can, you know, invest directly in crypto through other means. And so I would not do that. I’m not planning to in the immediate future to take crypto for our products. As a mane of tender, but there are other things that we are definitely looking at.
During the interview, Cook revealed that he owns cryptocurrency, saying “it’s reasonable to own it as a part of a diversified portfolio,” while also noting that he’s “not giving anybody investment advice.” However, Cook didn’t mention if he owns Bitcoin or another particular type of cryptocurrency.
Apple has plans for its retail financial arm. Its Apple Pay service allows people to send money in particular jurisdictions over iMessage. It also has its Apple Wallet app and associated Apple Pay services for mobile payments. Apple wants to grow its services business, and siphoning off banking services is an ideal way to do it. What does this have to do with cryptocurrency?
I believe that Apple will build a Bitcoin wallet directly into Apple Wallet shortly while also allowing for a low-cost way to purchase Bitcoin on iPhone.
With Bitcoin wallets – where you maintain full control of your bitcoin and move it off an exchange like Coinbase –you are responsible for securing your wallet with a seed phrase. I personally reccomend using a couple of Trezor, Ledger, or Coldcard hardware wallets with a multisig vault with a company like Unchained Capital to eliminate single points of failure with your Bitcoin wallets. I also recommend using a steel wallet like billfodl or SEEDPLATE for securing your seed phrase in case of hardware failure.
For newcomers to Bitcoin, this whole process might seem overwhelming, which is why I think Apple might approach it in a couple of ways:
If Apple operates as a Bitcoin exchange, they’ll let you buy bitcoin directly in the Apple Wallet app using whatever payment methods you have on file. They’ll allow you to store your holdings in Apple Wallet while Apple itself will retain the keys. It’ll look a lot like what Cash App or Coinbase does, where you can send, receive, and store Bitcoin without needing to store your seed phrase.
If Apple sets up a software wallet directly on iPhone, it’ll likely look similar to BlueWallet, where you take self custody of your Bitcoin with a seed phrase backup. You’ll own the keys to your Bitcoin directly on your iPhone and be responsible for backing up the seed phrase. If Apple goes this route, I suspect they’ll build in an encrypted iCloud backup of your seed phrase that’s tied to multi factor authentication in such a way where only you can decrypt it. It’s not ideal, but it’s better than nothing.
Finally, Strike is a company I could see Apple partnering with for global Apple Pay Cash transactions. Twitter is already working with the company for its tipping service. Strike does a couple of things that could be of interest to Apple:
It accomplishes the global payment system using Bitcoin as the transaction medium. If I want to send someone in another country money, I input dollars, it converts it to Bitcoin and converts it back to local currency when received. It sounds simple, but it’s a pretty revolutionary way to process payments globally for free.
I just published Announcing the Strike API
Today, @Twitter enables free, instant, global payments for their users with their integration of the Strike API.
What the internet did for communication, #Bitcoin + the Lightning Network is doing for money.https://t.co/jHkY6knXkP pic.twitter.com/FXujknG7sM
— Jack Mallers (@jackmallers) September 23, 2021

Ultimately, Bitcoin is becoming a significant force to be reckoned with in our world. With a finite supply, decentralization, and digitization of our financial system, it’s likely to continue to play a significant role as digital gold and global settlement network. Apple doesn’t want to miss a massive shift in technology as it seeks to drive services revenue and become a significant player in the financial services industry.
It’s also possible Apple will use Bitcoin as a transaction layer with its online store when the company is concerned about the stability of the local currency as we saw recently in Turkey.
Bitcoin’s energy usage is a common discussion among its critics. While there is a lot to unpack here, I’ve found the video I’ve embedded below to be a great resource to explain how there’s more to the discussion about Bitcoin and energy usage than most people would lead you to believe.
TL;DW: The Bitcoin network uses less energy than the use of Christmas lights in the US.
What do you think Apple will do with Bitcoin and cryptocurrency? Leave a comment below! Interested in learning how to buy Bitcoin? We’ve put together a detailed guide on the best apps for buying Bitcoin on your iPhone
FTC: We use income earning auto affiliate links. More.
Check out 9to5Mac on YouTube for more Apple news:
Breaking news from Cupertino. We’ll give you the latest from Apple headquarters and decipher fact from fiction from the rumor mill.


Bradley lives in Chattanooga, TN.
Tips, feedback, corrections and questions can be sent to Bradley@9to5mac.com.
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