Approaching Trump’s Inauguration, Chinese Mining Equipment in High Demand

Since Donald Trump won the U.S. presidential election, Bitcoin has entered this bull market. Currently, with only 10 days left before he officially takes office as President of the United States, the mood in the cryptocurrency world is gradually rising. Holders, investment institutions, miners, and other Bitcoin supporters are all eager to seize this once-in-a-lifetime opportunity. In Shenzhen, China, mining equipment transactions are also very hot. Although the prices of many models have risen by 30% compared to last year, high-performance mining machines such as ANTMINER S21 XP 270T and WHATSMINER M60S are still in high demand.

These miners from around the world mainly come from Russia, the United States, Canada, and the United Arab Emirates, with some customers purchasing hundreds to thousands of mining machines at once. The electricity prices in these areas are low, such as 5 cents per kilowatt-hour in Canada, 1 to 3 cents in Russia, and 1.2 cents for citizens in the United Arab Emirates after receiving electricity subsidies. This provides miners with a larger profit margin. Miners believe that, in the long run, Bitcoin is worth investing in, and in the short term, Trump’s inauguration will also bring miners a good profit.

At present, mining remains the only stable and low-cost way to acquire BTC. Currently, the global hash rate of Bitcoin has reached 800 EH/s, and the overall mining efficiency is approximately 31.2 J/TH. To maintain a profit advantage in the increasingly fierce mining competition, it is essential to choose capable tools such as the ANTMINER S21 series and the WHATSMINER M60/M50 series.

The ANTMINER S21 series is the absolute king of energy efficiency ratios among BTC ASICs, and this brand’s machines are comprehensively strong and trusted by miners. Taking the ANTMINER S21 XP 270T  as an example, it currently mines about 0.0001566 BTC per day, worth about $15. The WHATSMINER M60/M50, on the other hand, has the advantage of maintaining good working conditions under extreme weather, with the WHATSMINER M60S  as a case in point. It has been proven that in the cold weather of North America or in the large diurnal temperature difference of the Middle East, this machine has a very low failure rate, which helps to reduce overall costs. Additionally, its hardware total cost is not high, and it currently mines about 0.00010788 BTC per day, easy to payback.

Welcome to consult our sellers for the most suitable BTC ASIC and trading methods for you! We have warehouses in HK, US, Dubai, and Moscow, with a large inventory of spot/futures from brands such as ANTMINER/WHATSMINER available for shipping from multiple countries and can assist with customs declarations at the delivery location.

Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

BITMARS is an internationally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!