The Chinese company Canaan Creative announced a temporary price reduction for all manufactured devices for mining cryptocurrency. As part of the “flash sales” launched today, all of them, including the Avalon 921 (20 TH / s) and Avalon 851 (14.5 TH / s), are available for $ 200, reports CoinDesk .
A company spokesman, Stephen Mosher, noted that the sale does not yet have a specific completion date and that the company has sufficient reserves of miners, with the exception of the fully sold Avalon 911.
According to him, the launched sale was timed to “celebrate” the rise in the price of Bitcoin, which had risen by 11% the day before after a protracted decline. Against the background of low prices and falling profitability of the miners, Mosher noted, there appeared “fears that people will turn off their cars and small players will leave the market, and that everyone just sits and waits.”
“I saw that the price went up, reaching $ 4,300, and I thought that this should be celebrated. Usually, when the price goes up, we also raise prices. But this time we decided to try something else, ”explains Stephen Mosher.
Moreover, he is convinced that after all the recent negative events, including the Bitcoin Cash “hash-rate war,” the worst is over.
“It's time to celebrate, we have passed the bottom, ” said Mosher.
Earlier this week, Mao Shixing, founder of the F2pool mining pool, said that from mid-November, with falling prices and a decreasing hash rate, it was up to 800,000 bitcoin miners.
In August, Canaan Creative unveiled a new 7-nm miner Avalon A9 with a capacity of up to 30 Th / s.
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