Bitmain in bull mood: 200,000 new Miner in China planned

the Mining giant Bitmain plans according to sources, major investments in the Chinese province of Sichuan. Up to 200,000 AntMiner wants to bring Bitmain, consequently, to the grid. The company takes advantage of low electricity prices from hydro-power. The bears put themselves to sleep?

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22. March 2019BTC$3.987,19 -0.01%part Facebook Twitter LinkedIn xing mail

For a single AntMiner with the latest generations S11 and S15, you have to shell out currently on the market between 700 and 1,000 US dollars. Taking this price as the basis for planning Bitmain investments in the volume of at least 140 million US dollars, should the number of 200,000 new ASICs to be true. In the US-industry platform, Coindesk reported with respect to non-referred sources.

Although Bitmain generates the lion's share of its revenues through the sale of own Mining Hardware. However, the Mining of the major crypto currencies is considered as an important source of income of the Beijing company.

The announcement comes after a series of negative developments for the company. In January BTC-ECHO reported a large-scale staff cuts. It is noteworthy that the dismissals were, in particular, the Mining division of the group, the organization Department, in the now invested.

Cheaper electricity in case of a positive market trend,

above All, two factors appear to have favored the decision: The favourable electricity prices in the provinces of Sichuan and Yunnan, as well as a positive fundamental development of the crypto-market. The electricity costs in the southwest of China, especially in the summer as a cheap.

at the same time the investment decision is likely to be a positive Outlook on the imminent Flowering of crypto winter. Finally, data such as Hash Rate, and Bitcoin votes is fundamental-trading volume on the Exchanges to be optimistic.

Bitcoin Hash Rate within a year.

Although there are no reliable course of the past Performances of the crypto-market forecasts. The early Coinbase Reward Halving is expected to be priced in, but so slowly. Logically, the Miner want to position well in advance on the market.

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