The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five months ago on March 28.
Amid the crypto winter and the crypto economy’s market capitalization hovering around $927.21 billion, Bitmain Technologies has decided to sell its Antminer S19 Pro mining rigs at a discount. At the same time, the price of bitcoin (BTC) is down 5.52% during the last seven days and is currently trading for under $20K per unit. The cryptocurrency network’s mining difficulty is at an all-time high and the network’s hashrate is coasting along today at 223.73 exahash per second (EH/s).
“Bitmain is offering an Antiminer S19 Pro special discount for only $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain sales representative directly. Customers who have already purchased S19 Pro will be eligible for coupons,” the company added.
Bitmain’s sale is a lot cheaper than the Antiminer S19 Pro’s original prices. On March 29, 2022, a customer could purchase an Antiminer S19j Pro with 104 TH/s for $9,984 per unit. The 100 TH/s S19, which produces a slightly smaller hashrate than the S19j Pro, is 80.96% cheaper — at $1,900 per unit — than S19 prices five months ago. Lower prices may be contributing to the massive expansion from a number of operations and Bitcoin’s sky-high hashrate in recent times.
This week, the Nasdaq-listed and Gwyneth Paltrow-backed Terawulf (Nasdaq: WULF) revealed its Lake Mariner mining data center now has 12,000 Mining Rigs operating at the facility and a great deal of Terawulf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK) has also detailed that the crypto winter has brought “unprecedented opportunities” after it acquired 1,061 ASIC mining rigs at a “discounted price.”
What do you think about Bitmain dropping the price of the Antminer S19 Pro units this week? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitmain
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.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five months ago on March 28.
Amid the crypto winter and the crypto economy’s market capitalization hovering around $927.21 billion, Bitmain Technologies has decided to sell its Antminer S19 Pro mining rigs at a discount. At the same time, the price of bitcoin (BTC) is down 5.52% during the last seven days and is currently trading for under $20K per unit. The cryptocurrency network’s mining difficulty is at an all-time high and the network’s hashrate is coasting along today at 223.73 exahash per second (EH/s).
“Bitmain is offering an Antiminer S19 Pro special discount for only $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain sales representative directly. Customers who have already purchased S19 Pro will be eligible for coupons,” the company added.
Bitmain’s sale is a lot cheaper than the Antiminer S19 Pro’s original prices. On March 29, 2022, a customer could purchase an Antiminer S19j Pro with 104 TH/s for $9,984 per unit. The 100 TH/s S19, which produces a slightly smaller hashrate than the S19j Pro, is 80.96% cheaper — at $1,900 per unit — than S19 prices five months ago. Lower prices may be contributing to the massive expansion from a number of operations and Bitcoin’s sky-high hashrate in recent times.
This week, the Nasdaq-listed and Gwyneth Paltrow-backed Terawulf (Nasdaq: WULF) revealed its Lake Mariner mining data center now has 12,000 Mining Rigs operating at the facility and a great deal of Terawulf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK) has also detailed that the crypto winter has brought “unprecedented opportunities” after it acquired 1,061 ASIC mining rigs at a “discounted price.”
What do you think about Bitmain dropping the price of the Antminer S19 Pro units this week? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitmain
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.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses.
XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token.
Following a low of $0.3774 earlier in today’s session, XRP/USD raced to a peak of $0.4215 on hump day.
The move comes after the token broke out of its key price ceiling of $0.4000 on Tuesday, hitting its highest point since June 1 in the process.
Although prices have since declined, and as of writing are trading at $0.4044, many still believe that further rallies could come.
Some believe that bulls are targeting the $0.4500 point, which appears to be the longer-term resistance point in XRP.
However, with the 14-day relative strength index (RSI) tracking at 62.45, prices may currently be overbought, leading to an influx of bears, opposed to bulls.
Litecoin (LTC) was also in the green in today’s session, and prices rebounded following recent losses.
Following a drop to a two-month low of $50.01 to start the week, LTC/USD rose to an intraday peak of $54.17 on Wednesday.
The drop led to the token falling below a key support point of $52.00, however bulls reentered the market, sending prices higher.
Historically, once above the aforementioned floor, bulls typically take prices towards a ceiling of $60.00.
In order for this to happen on this occasion, we will need to see LTC climb above another ceiling, this time within the RSI.
As of writing, the index is tracking at 43.18, however it is fast approaching a resistance of 44.20, which would need to be overcome if litecoin were to move higher.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect litecoin to climb back above $60.00 this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses.
XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token.
Following a low of $0.3774 earlier in today’s session, XRP/USD raced to a peak of $0.4215 on hump day.
The move comes after the token broke out of its key price ceiling of $0.4000 on Tuesday, hitting its highest point since June 1 in the process.
Although prices have since declined, and as of writing are trading at $0.4044, many still believe that further rallies could come.
Some believe that bulls are targeting the $0.4500 point, which appears to be the longer-term resistance point in XRP.
However, with the 14-day relative strength index (RSI) tracking at 62.45, prices may currently be overbought, leading to an influx of bears, opposed to bulls.
Litecoin (LTC) was also in the green in today’s session, and prices rebounded following recent losses.
Following a drop to a two-month low of $50.01 to start the week, LTC/USD rose to an intraday peak of $54.17 on Wednesday.
The drop led to the token falling below a key support point of $52.00, however bulls reentered the market, sending prices higher.
Historically, once above the aforementioned floor, bulls typically take prices towards a ceiling of $60.00.
In order for this to happen on this occasion, we will need to see LTC climb above another ceiling, this time within the RSI.
As of writing, the index is tracking at 43.18, however it is fast approaching a resistance of 44.20, which would need to be overcome if litecoin were to move higher.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect litecoin to climb back above $60.00 this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. As part of a drive to strengthen its contribution to the Nigerian economy, the Lekki Free Zone Development Company (LFZ) is in talks with Gluwa, a blockchain technology company. The pair are looking to partner and use blockchain to foster trade collaboration, growth, and sustainability among new and existing Free Zone enterprises. The partnership would also explore the creation of a Virtual Free Zone within the Lekki Free Zone.
Lekki Free Zone’s Head of Strategy, Innovation & Special Projects, Mr Tomiwa Idowu, has disclosed that discussions are ongoing between LZF, the Nigerian Export Processing Zones Authority, and the Gluwa team.
In a statement, Idowu explained that the partnership, when finalized, will create a dashboard for the tokenization of goods into NFTs (non-fungible tokens) and provide digital asset-backed loans for new and existing enterprises who are looking to fund operations or expand their businesses, similar to the integration of OpenSea and Compound.
Idowu shared his vision for innovating Nigeria and Africa’s trading and industrial sector, bringing it into the modern information age with the Lekki Free Zone at the epicentre.
“I am extremely excited by the enormous potential of such a partnership, which would further establish Lagos State as Africa’s leading sub-national in innovation, economic development and revenue generation,” said Idowu.
He commended the Lagos State Governor, Babajide Sanwo-Olu, as a beacon of progress and hope for the nation in general, saying: “Our Governor has always been a firm believer in fast-paced development, which involves using technology to leapfrog bureaucracy and going straight to solving immediate problems.”
Chief Executive Officer at Gluwa, Tae Oh, noted that the firm is keen to partner with the Lekki Free Zone as it is the largest and most developed Free Zone in Nigeria with proximity to the deep-sea port as well as the Dangote refinery, saying: “Trading has been the bedrock of the Nigerian economy, with annual volumes running into billions of dollars.”
He added: “We believe the digitization of the sector can allow us to harness its full potential. For instance, a standard process to digitize goods manufactured or processed within the zone in tandem with a market system on web3 will allow manufacturers to trade globally via the blockchain.
“All trades will be registered and benefit from the incentives of the Lekki Free Zone, such as zero taxation and free circulation of goods. As soon as the goods get settled for export by the in-Zone Customs Processing Center, they will be shipped straight from the Lekki Free Zone via the deep-sea port.
“This will reduce delays, eliminate human errors, drive up Nigeria’s non-oil exports and sustain a positive trade balance for the nation. While we are still working out the fine details and a specific framework with NEPZA, we believe it is the future of African commerce and trade.”
About Gluwa
Gluwa is an Open Finance platform connecting capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.
VP of Business
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
PRESS RELEASE. As part of a drive to strengthen its contribution to the Nigerian economy, the Lekki Free Zone Development Company (LFZ) is in talks with Gluwa, a blockchain technology company. The pair are looking to partner and use blockchain to foster trade collaboration, growth, and sustainability among new and existing Free Zone enterprises. The partnership would also explore the creation of a Virtual Free Zone within the Lekki Free Zone.
Lekki Free Zone’s Head of Strategy, Innovation & Special Projects, Mr Tomiwa Idowu, has disclosed that discussions are ongoing between LZF, the Nigerian Export Processing Zones Authority, and the Gluwa team.
In a statement, Idowu explained that the partnership, when finalized, will create a dashboard for the tokenization of goods into NFTs (non-fungible tokens) and provide digital asset-backed loans for new and existing enterprises who are looking to fund operations or expand their businesses, similar to the integration of OpenSea and Compound.
Idowu shared his vision for innovating Nigeria and Africa’s trading and industrial sector, bringing it into the modern information age with the Lekki Free Zone at the epicentre.
“I am extremely excited by the enormous potential of such a partnership, which would further establish Lagos State as Africa’s leading sub-national in innovation, economic development and revenue generation,” said Idowu.
He commended the Lagos State Governor, Babajide Sanwo-Olu, as a beacon of progress and hope for the nation in general, saying: “Our Governor has always been a firm believer in fast-paced development, which involves using technology to leapfrog bureaucracy and going straight to solving immediate problems.”
Chief Executive Officer at Gluwa, Tae Oh, noted that the firm is keen to partner with the Lekki Free Zone as it is the largest and most developed Free Zone in Nigeria with proximity to the deep-sea port as well as the Dangote refinery, saying: “Trading has been the bedrock of the Nigerian economy, with annual volumes running into billions of dollars.”
He added: “We believe the digitization of the sector can allow us to harness its full potential. For instance, a standard process to digitize goods manufactured or processed within the zone in tandem with a market system on web3 will allow manufacturers to trade globally via the blockchain.
“All trades will be registered and benefit from the incentives of the Lekki Free Zone, such as zero taxation and free circulation of goods. As soon as the goods get settled for export by the in-Zone Customs Processing Center, they will be shipped straight from the Lekki Free Zone via the deep-sea port.
“This will reduce delays, eliminate human errors, drive up Nigeria’s non-oil exports and sustain a positive trade balance for the nation. While we are still working out the fine details and a specific framework with NEPZA, we believe it is the future of African commerce and trade.”
About Gluwa
Gluwa is an Open Finance platform connecting capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.
VP of Business
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. The team at ChainPort is incredibly excited to update the public about PORTX’s Token Generation Event (TGE). The team has worked tirelessly to develop the most exemplary ecosystem token for the next-generation cross-chain bridge.
Since its launch last year, ChainPort has created a new standard as a cross-chain bridge. ChainPort includes impressive security features, full interoperability, and fast bridging of tokens. Currently, ChainPort supports over nine chains, has a port volume of $615,923,820, and has a total value of $71M.
Progress advances at an accelerated pace. For example, ChainPort has established a fee mechanism and bridge support for more chains, and the PORTX token is now an integral part of the ecosystem.
Even though PORTX’s TGE was supposed to take place earlier, different factors delayed the launch, including market conditions, rigorous testing of ChainPort’s security, and testing the new fee model.
With ChainPort’s fee model in place, ChainPort will accumulate all revenues until the TGE. Following PORTX’s TGE, up to 95% of all revenues will be swapped to PORTX tokens and redistributed per PORTX’s tokenomics. With the market stabilizing and the fee mechanism tested, ChainPort is ready to launch PORTX. The TGE for PORTX is taking place today, on the 20th of September, 2022.
The launch of the PORTX token is a significant milestone in ChainPort’s history. Launching the PORTX token makes ChainPort more significant than just a bridge. It becomes a fully-fledged ecosystem with PORTX at its heart.
The ChainPort team will launch the PORTX token on a centralized exchange and right after on several DEXs on different chains. ChainPort has partnered with top market makers and multiple DEXs.
Be sure to double-check the official contract address before on DEXs. The official contract address will be published following the launch.
Remember that PORTX on different chains will have separate contract addresses corresponding to each chain. Please double-check contract addresses to verify that the address is correct on the proper chain.
Trade PORTX on:
Gate.io
PancakeSwap
Uniswap
SpookySwap
Fantom Contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum Contract: 0x104F3152D8ebFC3f679392977356962Ff36566aC
Polygon Contract: 0x189586b5f6317538ae50c20a976597da38984a24
BNB Chain Contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can easily port their tokens to the four chains currently using ChainPort’s bridge. These chains include Ethereum, Polygon, BNB Chain/BSC, and Fantom. Porting is permissionless and will allow users to trade their tokens on Specific DEXs.
ChainPort may announce additional DEXs and exchanges at a later date.
About ChainPort
ChainPort is a next-gen cross-chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented security architecture, porting tokens safely across blockchains with just a click.
Security is always paramount for ChainPort, and 95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge already porting more than 190 tokens between blockchains, with additional projects joining daily. Porting is done in minutes through a friendly and straightforward UI without requiring technical integration.
Since its launch in 2021, Chainport has managed 40,000 ports and more than $630,000,000 in volume. Learn more by visiting ChainPort.io or reading the documentation.
Join the ChainPort community for updates:
ChainPort | Twitter | Telegram | ChainPort News | Documentation | Medium | Reddit
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn't Be Surprised if Stocks Fell 40%
The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly ... read more.
Source From : News