Bitcoin mining machine weekly market analysis and quotation (2015-11-01)

Last week, the price of Bitcoin increased by more than 20%, and the price of mining machines also soared. The Antminer S7 and Avalon A6 were not shipped in large quantities, which is also an important reason for the continued heating up of the second-hand market. The transaction volume in the second-hand mining machine trading market was very low last week, mainly due to the increase in the price of the currency, and most miners were unwilling to ship. Another reason is that new mining machines were not shipped in large quantities, and miners did not have mining machines to upgrade. Once the old mining machines were sold, the mines would be vacant. To give an inappropriate example, just like stock trading in a bull market, the money earned from short-term trading is far less than that earned from holding on. The fact that the miners did not ship at this time is also a reflection of maximizing profits.

Last week, Bitmain completed the first batch of Antminer S7 shipments. At 2:00 pm on November 2, the Antminer S7 special offer was launched, with a 4.46T price of 11,000 yuan, and each ID is limited to 2 units. Friends can try their luck.

Antminer S7 firmware address: https://www.bitmaintech.com/support.htm?pid=00720151023101739550pOBiK5sO06A0

As for Avalon, it is understood that it has entered the mining machine production stage but has not yet entered the delivery stage.

The following is the reference price of last week's market. The actual price is subject to the final transaction price. For details, please consult BitMining customer service.