When I think about buying bitcoin miners, which I may never do beyond a pleb miner, this is what I anxiously think about. It's par for the course with the industrial miners, but for me it reminds me of trying to time my next smartphone purchase.
Pulled and condensed using my own brain matter from the article:
- Iris Energy sold 4.1 EH/s worth of its S19j Pro Antminers during Q3 2024, then an additional 1.2 EH/s of S19j Pro miners
- CleanSpark expects to have entirely phased out the S19, S19j Pro, and S19j Pro+ models by December 2024.
- In Q4 2024, Bitdeer also auctioned off its S19j Pro and M30S++ miners to make way for its proprietary Sealminer equipment.
These models will probably keep being used elsewhere, and they still make up half of hash regardless:
According to estimates from Coin Metrics, Bitmain’s S19 series—dominant during the 2020 halving epoch—still accounts for about 50% of Bitcoin’s total network hashrate.
Aside: TheMinerMag is awesome. Kudos to the editors.