We're Adding a New Band to the ASIC Price Index

If you're reading this, you're probably familiar with Hashrate Index's ASIC Price Index. (If you're not, we can fix that right quick if you follow this here link).

Since we launched the ASIC Price Index in 2020, it's become the go-to place to get an industry-wide pulse on Bitcoin mining ASIC prices. We're always looking for ways we can make improvements, and that's what today's post is about.

Starting in October, we will add a new efficiency tier to the index: Under 25 J/TH.

This will accommodate the latest generation of bitcoin mining hardware. Deliveries of the Antminer S19 XP, the most powerful and efficient Bitcoin miner yet devised, have necessitated this change.

If we didn't create a new band on the chart for machines like the Antminer S19 XP, then we risk skewing the dataset for other new-gen ASICs by giving them a higher price.

This change will go into effect on the first week of October. From that time, we will organize the ASIC Price Index as follows:

• Under 25 J/TH
• 25-38 J/TH
• 38-68 J/TH
• Over 68 J/TH

In the future, we will adjust the ASIC Index once again when significantly more efficient hardware hits the market. Additionally, we will likely retire the over 68 J/TH band by the end of the year. As older machines like the S9 and other less efficient models are phased out by more efficient hardware, it's becoming increasingly difficult to source reliable data points for the ASICs in the over 68 J/TH tier.

We will follow up in the coming month with more information on the exact date we make this change.

Happy Hashing!