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Miner device price in the Iranian market; Factors affecting the price of the extraction machine


With the expansion of the bitcoin and digital currencies market, the number of people who want to mine bitcoins and other digital currencies is increasing day by day, and as you probably know, the most important thing to start is to get a mining machine. In this article, we will first briefly refer to the mining situation in Iran and then you will be informed about the price of mining devices in the Iranian market. Finally, you will get acquainted with the factors affecting the price of minor devices.

Mining situation in Iran

The situation of the digital currency extraction industry in Iran 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, a wave of arrests and detentions by the government and judicial authorities began. This summer, thousands of mining machines were confiscated and dozens of activists faced heavy fines.

Miner device price in the Iranian market;  Factors affecting the price of the extraction machine
In 1998, news was published every day entitled “Discovery of smuggling devices”.

On August 4, 1998, the government passed a mining resolution. The ordinance recognized mining as a legal activity, but miners were required to obtain a permit from the Ministry of Industry, Mines and Trade. Mining with agricultural, industrial, domestic and commercial electricity was also banned. According to this decree, miners must receive an export tariff from the Ministry of Electricity, which at an average price of 965 tomans per kilowatt, was almost 9 times higher than the industrial electricity that miners used to use before.

On the other hand, due to customs problems, most of the mining machines in the country were labeled smuggled, which according to the law, could be confiscated by the judicial authorities.

Many of these problems still exist as we write this (Azar 99) and activists are still working to address them.

Follow the latest mining news in Iran here.

So if you are planning to enter this field, you should know that the current situation of this industry is not suitable at all and you should prepare yourself for many risks.

The price of the most popular miner devices in Iran

After the beginning of the problems of Iranian mining industry activists mentioned above, the purchase and sale of mining equipment in the country also faced a crisis.

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

Therefore, when buying an extraction machine, be sure to do thorough research and preferably do it in person.

Also read: Tips to know before buying a miner device

Below is a list of the prices of 11 popular bitcoin mining machines. These devices are used on an industrial scale.

Update time: Azar 99

Extraction device (power) Prices in Iran
Bitmain Antminer S19 Pro (110Th) 102 to 130 million tomans
MicroBT Whatsminer M30S (86Th) 99 to 102 million Tomans
Bitmain Antminer S17 + (73Th) 63 to 69 million Tomans
Bitmain Antminer S17 Pro (53Th) 40 to 46 million tomans
MicroBT Whatsminer M31S (70TH) 61 to 67 million Tomans
MicroBT Whatsminer M20S (68TH) 38 to 43 million Tomans (used)
Bitmain Antminer T17 + (55Th) 38 to 42 million tomans
MicroBT Whatsminer M21S (56TH) 29 to 32 million Tomans (used)
Bitmain Antminer S9j (14.5Th) 5 to 8 million Tomans (used)
Bitmain Antminer S11 (20.5Th) 10 to 12 million Tomans (used)

These prices are based on data from Miner seller sites, reviews of second-hand merchandise websites, and inquiries from mining experts.

Factors affecting the price of minor

The faster the payback time, the period when the money to buy a device returns, the higher the demand for that device and the higher its price naturally. But in general, the most important factors that affect the price of a miner are:

Processing power or device awareness

The hash rate indicates 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 extraction machine can help the network process the blocks.

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

The average hash rate of extraction devices that are currently common in Iran is in the range of 14 to 50 speeds per second (TH / S).

electricity consumption

Power consumption along with hash rate is the most important variable that has a direct impact on mining profitability, return on investment and consequently miner price. In countries with high electricity tariffs, high-consumption mining devices (relative to power) become very cheap.

The Whatsminer M3x, for example, is one of the most widely used bitcoin mining devices with a power of 12 watts and a power consumption of 2,100 watts. Until recently, when miners in Iran used to extract bitcoins using industrial electricity tariffs, and the price of bitcoin and the rigidity of the network were in a good condition, this device was very profitable and its price reached over 6 million tomans, but now with Despite the increase in the price of mining electricity in Iran and the high difficulty of the network, the profitability of this miner is negligible and it is also sold at a price of 2 million Tomans.

The power 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 2,100 watts of power is not considered more powerful than other existing devices.

Network status and price

Difficulty is a variable in bitcoins and some digital currencies that, as network processing power increases, also increases the difficulty and makes extraction more difficult.

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

With the advent of new mining machines, the processing power of the network increases and the hardness increases, as a result of which, after a while, 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 extraction devices are considered as an advantage and affect the price of these devices. The weight and size of mass-produced devices are almost identical.

Company and manufacturer brand

It must have occurred to you that one of the most important things to consider when buying a laptop or phone is the brand of the product. Some products are priced higher simply because the brand and factory that produced them have a brilliant track record in that area.

Among the extraction devices, it is very important which company produced it. One of the most famous companies that currently produce extraction machines can be called Bitumin Company (BitmainThe manufacturer of Antminer mines and MicroBT, the manufacturer of Whatsminer miners, pointed out. The prices of the products of these two companies are higher than those of other companies.

Conclusion

Due to the fact that proper laws regarding the import and use of mining devices have not yet been established in Iran, mining devices are often smuggled into the country, resulting in high price gaps, lack of proper customer support and many scams.

Due to the above reasons and due to the risks of digital currency extraction (difficulty of extraction, falling prices of digital currencies, electricity costs, legal barriers, obsolescence of devices, etc.), improper mining not only does not make a profit but can also cause a loss.

As mentioned above, the prices mentioned in this article have been removed from the internal sites and active sellers of Miner, and in this article, there is no advice to buy or not to buy these devices.

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