Price of the device for miner on the Iranian market; Factors influencing the price of the extraction machine



With the expansion of the bitcoin and digital currency market, the number of people who want to dig bitcoin and other digital currencies is increasing every day and as you probably know, the most important thing to do is start a digging machine or “miner” ..

The Miner device, as its name suggests, is a device used to extract bitcoins and other digital currencies. Miners are ASIC devices specifically designed to extract digital currencies. Application-specific ISICs or integrated circuits are application-specific circuits that cannot perform other operations; But they do it with the greatest force and speed.

However, ISICs are more expensive than conventional schemes due to their high production costs. Also, due to the issue of sanctions and the new legislation that we see from time to time, the price of these devices in Iran is variable and higher than the world standard.

The combination of these factors led us to dedicate this article to studying the state of mining and the cost of mining equipment in Iran. In the continuation of this article you will first read briefly about the state of the mining industry in Iran, and then you will be informed about the prices of mining devices on the Iranian market. Finally, you will learn about the factors that affect the price of secondary devices. Stay with us.

The mining situation in Iran

The situation of Iran’s digital currency industry is much more complicated than it seems. Until the beginning of 1998, Iranian miners were active in this industry and good conditions prevailed; But in June 1998, the government and the judiciary launched a wave of arrests (literally). In the summer of the same year, thousands of mining machines were confiscated and dozens of activists faced heavy fines.

Price of the device for miner on the Iranian market;  Factors influencing the price of the extraction machine
In 1998, daily news was published entitled “Detection of Smuggling Devices”.

On August 4, 1998, the government adopted a resolution on mines. He recognizes mining as a legal activity; But the miners had to get permission from the Ministry of Industry, Mines and Trade. Production of agricultural, industrial, household and commercial electricity was also banned. According to the decree, miners had to receive an export tariff from the Ministry of Electricity, which at an average price of 965 tons per kilowatt was almost 9 times higher than the industrial electricity miners used before.

On the other hand, due to customs problems, most of the country’s mining machines have been labeled as smuggled, which by law can be confiscated by the judiciary.

In April 1400, the rules for the power supply of mining centers were changed again. According to the Ministry of Energy, the periods of the year are divided into three categories: Type 1 (critical peaks), Type 2 (load limitation) and Type 3 (normal), each with its own tariff and conditions. Accordingly, the price per kilowatt-hour of electricity consumed by the extraction centers was set at 16,574 rials, which was calculated by a factor of half for type 3 (normal) times and a factor of 2 for type 2 (limited) times. Also during type 1 (critical peak) the sale of electricity to mining centers through the grid was banned.

The last major changes in the laws related to the extraction of digital currencies date back to June 1400. On June 26, 1400, the Twelfth Government, after frequent power outages in Iran, officially banned the extraction of digital currencies until the end of September. This law also included licensed miners.

Finally, in December 1400, the 13th government announced the extension of the ban on the extraction of digital currencies until the next order, which means that at the time of writing, the extraction of digital currencies was officially banned in Iran.

Follow the latest news on mining in Iran here.

The price of the most popular mining devices in Iran

Since the beginning of the problems of mining activists in Iran, which we mentioned above, the purchase and sale of mining equipment in the country has also faced a crisis.

Today, the extraction machine is still traded in Iran; But its market is by no means regular and secure. The difference in price between the devices is relatively large between different providers, and on the other hand, many fraudsters have planned to empty the pockets of ignorant people.

Therefore, when buying a retrieval machine, be sure to do a thorough research and preferably in person.

Read also: Tips you need to know before buying a mining device

Below is a list of prices of 14 popular bitcoin digging machines. These devices are used on an industrial scale. Some of the devices we mention are the newest miners in the world; But some of them are older and have less extraction power. However, some of the old miners have not yet lost their profitability and are popular in Iran.

Time of update: February 1400

Extraction device (power) Prices in Iran Device status
Bitmain Antminer S19 Pro (110th) 304 to 488 million tons Akband works
MicroBT Whatsminer M30S (88th) 225 to 350 million tons Akband works
Bitmain Antminer S17 + (73th) 144 to 185 million tons Worked
Bitmain Antminer S17 Pro (53th) 107 to 120 million tons Akband works
MicroBT Whatsminer M31S (70th) 205 to 240 million tons Akband works
MicroBT Whatsminer M20S (68th) 133 to 235 million tons Worked
Bitmain Antminer T17 + (55th) 95 to 117 million tons Akband works
MicroBT Whatsminer M21S (56th) 108 to 122 million tons Worked
Bitmain Antminer S9j (14.5Th) 15 to 28 million tons Worked
Bitmain Antminer S11 (20.5Th) 29 to 35 million tons Worked
Bitmain Antminer T19 (84th) 274 to 325 million tons نبند
MicroBT Whatsminer M32 (68th) 160 to 245 million tons Akband works
Bitmain Antminer S19 (95th) 280 to 400 million tons نبند
MicroBT Whatsminer M21S (58th) 105 to 133 million tons Akband works

These prices are based on data from miners ‘dealers’ websites, reviews of second-hand goods websites and inquiries from mining experts and may not be completely accurate; So don’t limit yourself to this information and don’t forget to do your own research.

Factors affecting the price of insignificant

The shorter the payback period (the time it takes for the device to pay off), the greater the demand for this device and the higher the price, of course; But in general, the most important factors that affect the price of a miner are:

Processing power or hashrate of the device

The hashrate shows the processing power of the extraction devices, and the higher it is, the higher the power of the device. Simply put, this processing power means how much the retrieval machine can help the network process the blocks.

So the higher the processing power or hashing speed, the more computing power the machine has and the more digital currency it can extract at a time.

The average hash rate of extraction devices, which are currently common in Iran, is in the range of 14 to 110 thresholds per second (TH / S).

electricity consumption

Energy consumption, together with the hash rate, is the most important variable that has a direct impact on the profitability of digging, the return on investment and therefore the cost of mining. In countries with high electricity tariffs, digging devices with high consumption (compared to power) are very cheap.

Whatsminer M3x, for example, is one of the most widely used bitcoin diggers with a power of 12 watts and a power consumption of 2100 watts. Until recently, when miners in Iran extracted bitcoins using industrial electricity tariffs, and the price of bitcoin and the strength of the network were in good condition, this device had a good return and cost over 6 million tons; But now, despite the increase in the price of electricity for digging in Iran and the high difficulty of the network, the profitability of this miner is insignificant and is sold at a price of 2 million tons.

The energy consumption of a miner is related to its power and the consumption of other devices. For example, a device that has 50 watts of power and consumes 2100 watts of power is not considered more powerful than other existing devices.

Network status and price

The difficulty is variable in bitcoin and some digital currencies, which increases with the power of network processing and makes retrieval more difficult.

When the difficulty of extraction increases and the price of the digital currency in question (such as the price of bitcoin) does not increase relative to it, the profitability of digging devices decreases and, as a result, their price also decreases.

Due to the introduction of new mining machines, the computing power of the network increases and the rigidity increases, as a result of which after some time the profitability of the old mining machines disappears and their prices fall.

Weight and size

The small and so-called compactness, as well as the lightness of the suction devices are considered an advantage and affect the price of these devices. The weight and size of the devices that are widely used are almost the same.

Brand of company and manufacturer

Certainly, when buying a laptop or phone, one of the most important issues you pay attention to is the brand of this product. Some products are at a higher price simply because the brand and the factory that produces them have brilliant experience in this field.

Among the extraction devices, it is very important which company produced them. The most popular companies that currently produce digging equipment are Bitmain, a manufacturer of Antminer miners, and MicroBT, a manufacturer of Whatsminer miners. The prices of the products of these two companies are higher than those of other companies.

The device is locked or running

As you can see, one of the key factors in determining a miner’s price is whether it is locked or used. We mentioned earlier that the price of miners in Iran is variable and does not follow fixed principles. This applies to both Akband devices and used devices; But in general, Akband devices are more expensive than those used.

In the case of used devices, of course, the newer and healthier the device, the higher the price; So the price of some used devices may be somewhat equal to the versions of Akband.

When buying used miners, be sure to pay attention to points such as how to maintain the device, the conditions under which the device was stored, the health of the body and its sound. Miners are devices with high depreciation and their use requires special care. If these devices are not maintained in good condition, their life will be reduced.

Conclusion

In this article, we have tried to look at the digital currency industry in Iran, to look at its challenges, to present some of the most famous digging devices that are also available in Iran, and to express their price range.

However, we have mentioned throughout the article and reiterate that the extraction of digital currencies is prohibited and illegal in Iran. This has challenges that, together with the usual challenges of digging (difficulties in digging, falling prices of the digital currency, electricity costs, legal barriers, obsolescence of devices, etc.) make it a risky process.

Read more: Risks and costs of bitcoin mining in Iran; Miners don’t make free money!

If, despite all of the above, you are still planning to buy a miner, you should note that these devices are often smuggled into the country, leading to large price differences, lack of customer support and many scams.

We also emphasize that the prices listed in this article have been removed from Miner’s internal sites and active sellers, and there is no recommendation from the digital currency website to buy or not to buy these devices.

The price of the Post Miner device on the Iranian market; Factors influencing the price of the extraction machine first appeared in Digital Currency.

Leave Your Comment

Your email address will not be published.

Supportscreen tag