Prices for the most efficient ASICs have jumped over 25% since the start of the third quarter. But pricing data collected from a variety of hardware marketplaces shows that top ASICs haven’t seen the largest price jumps this quarter.
Machines with efficiency of less than 38 J/TH became nearly 30% more expensive since the start of July, according to data aggregated by Hashrate Index. Curiously, their data suggests less efficient machines (60-100 J/TH) saw greater price appreciation on a percentage basis over the same period.
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The table below shows price changes per efficiency for ASICs.
The data presented above is aggregated across multiple marketplaces. Seeing prices across different categories of ASICs increase between 20-40% this quarter isn’t shocking, given bitcoin’s price rebound over the same period. And the difference between sub-38 J/TH and 60-100 J/TH machines isn’t exceptionally anomalous. But it’s still interesting to note based on available data.
Quarter to date, bitcoin’s price has gained over 40%. At the time of writing, the leading cryptocurrency is trading just above $47,000 after starting July near $34,000.
Obviously, whichever direction bitcoin’s price goes, ASIC prices will follow. Cryptocurrency traders and investors have widely disparate outlooks for the market going into the final quarter of 2021.
A bullish market would be kind to paper gains on machine values for miners. A bearish outcome could be a nice gift for miners looking to procure more machines.