Hut 8 to Unveil BTC Mining Cost Price in 2018

In 2018, company produced 5592 BTC; in the first quarter, the mining of one BTC cost $2055, and in the fourth quarter it reached $3995
07 May 2019   994

Mining Company Hut 8 Mining Corp. published a financial report for the last year, in which it disclosed data on the growth of the cost of Bitcoin production in each quarter.

In 2018, the company produced 5592 BTC, however, during this period, the cost of activity increased significantly. In the first quarter, the mining of one Bitcoin cost $ 2055, and in the fourth quarter $ 3995, which had a very negative impact on the margin.

Hut 8 Management’s Bitcoin Outlook
Hut 8 Management’s Bitcoin Outlook

At the same time, operating losses in the last quarter of 2018 were $ 116.56 million. This was probably due to a sharp fall in Bitcoin exchange rate in November.

Bitcoin Farm of Hut 8 is located in the Canadian Medicine Hut. There are also mining data centers built in conjunction with the Bitfury Group.

We note that recently the hash rate of the first cryptocurrency updated the six-month maximum. Such dynamics are most likely related to the re-integration of the old Antminer S9 models into the network, which again began to bring profit to the owners.

It is expected that in the summer in some provinces of China, tariffs for hydropower will decrease, allowing even more miners to do business.

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920
23 March 2020   281

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.