January 21, 2020, 10:44AM EST
• 5 min read
Are bitcoin miners pricing in the effects of the block reward halving?
- On the secondary market, prices of Antminer S9’s have gone down considerably since July, according to data from mining equipment broker Kaboomracks
- Pricing trends have typically followed that of the daily mining revenue per Th/s (a profitability metric that combines total bitcoin mining revenue and the network hashrate)
- However, the pattern has diverged over the past few months as S9 prices continue to fall despite daily mining revenue per Th/s holding relatively steady
- This could possibly be suggesting that miners are pricing in lower expected profitability come the halving.