Over the past two years, semiconductors have become notoriously difficult to find. The COVID-19 pandemic emptied many of the factories producing them and the sudden increase in working from home caused demand to skyrocket. This perfect storm of events has left businesses in multiple industries scrambling to find the supplies they need to stay above water. Unfortunately, many industry analysts believe the shortage will continue for at least a year or more.
All of this has squeezed many bitcoin miners as they’ve watched the price of bitcoin dramatically increase over the past year. Demand for chips used in mining has gone up in tandem with bitcoin’s price, but the shortage has kept supply from increasing accordingly. As a result, mining hardware companies have seen record profits, with Canaan, one of the most popular, reporting a net revenue increase of 487%+ over the past year. Bitmain, another manufacturer, has reported similar numbers.
Asicverse has stepped into this situation with a unique approach. Rather than selling its hardware through multiple middlemen, each taking his own cut, Asicverse has streamlined its process and gone directly to bitcoin miners themselves. In January and Febuary, Asicverse intends to purchase millions new and used in hardware inventory.
Craig Caruth Jr., the CEO of Asicverse, explains part of what makes his company different, “Asicverse has access to exclusive air routes and connections with industry executives that basically nobody else has.” He goes on to note that this provides Asicverse with unique savings that they’re able to pass on to their customers.
Asicverse provides largescale miners with a variety of products they need, including S9 and A1246. The A1246 is a particularly popular model because of its power and simple installation procedure. Using current prices, a single A1246 is set to make between $8,700 and $10,000 a year in revenue.
At the moment, Asicverse primarily works with institutional investors who require large quantity orders that total at least $100,000. Caruth Jr. sums up their philosopher thusly, “We truly go above and beyond, we have the lowest prices and the longest warranties, guaranteed. If you can find a better price, we’ll match it.”
For more information, contact Asicverse at email@example.com or www.asicverse.com