How long does it take

I'm curious, how long does it usually take for mining hardware prices to drop when Bitcoin takes a hit? I've been sitting tight, hoping for a Bitcoin dip to grab some ASIC miners, but the prices haven't budged much. So I'm wondering how long it usually takes for sellers to lower their prices. Anyone have any insights on this?

If I understand correctly, ASICs are having more usefulness as the world are increasing AI adoption, it is not just used only for bitcoin mining anymore. There are many AI centers that are making use of the miners now which might not let the price to fall the way it was falling in the past because of the fall in bitcoin price or bear market. You should have read how some bitcoin miners are now also making AI centers a business.

I had never heard this. I do wonder what use an AI datacenter would have for ASIC chips. Those chips are designed to create a sha256(sha256()) hash, and nothing else, is there a lot of demand for this functionality? I was under the impression that it was basically the fact that miners had access to good datacenters with cheap power and sufficient cooling that made those places interesting for AI, not the asic's they were running. In this case, you'd think second hand asic's would hit the market pretty hard, since you can only draw 1 Watt once (so either an asic draws it, or an AI GPU), so if they would stuff AI machinery in mining farms, they would have to power off asics... On the other hand, profiteering has skyrocketed. My company no longer allows me to buy the servers i need because prices went x3 over the last year or so (i need boxes with >= 6Tb ram, prices for those larger DIMM's skyrocketed due to the fact production lines for larger DIMM's got converted into production lines for AI memory). You'd think it was only the memory, but even producers of spinning disks and other hardware that is not affected by AI memory producers started profiteering and increased their prices for their hardware eventough there was no significant reason for them to do so. Maybe it's this overall profiteering that made the prices of other hardware increase instead of decrease?

Are you talking about new or used ASIC? For used ASIC, i don't expect it'll happen anytime soon. Sometimes i hear some farm or big scale miner already paid the electricity in advance, so they would even lose more money if they decided to stop mining altogether. I agree with @mocacinno. I doubt there are any AI usage that require lots of SHA-256 (hash) operation.

Large batches of ASICs are typically purchased by major global companies involved in industrial mining. Delivery schedules are typically spread over 6-18 months. I don't know how much equipment you want to buy, but if it's a small batch, you're unlikely to get it directly from the manufacturer at a competitive price. There are sometimes opportunities to buy new ASICs cheaper in your own country; check the official website for the offer.

The s21 xp was around 7200 It is now around  3800 Is not the drop big enough.

My electricity is 5 cents and I have no taxes or other expenses. Antminer S21 XP (270Th/s) gives me $100 in profit per month, rounded up. This ASIC will operate profitably until the Bitcoin halving, which is approximately 22 months. Even with 4 cents, the profit will be $120 per month. Who would buy this ASIC for $3,800 now if its electricity costs more than 4 cents?

Where do you check the price? Have you checked them directly from Bitmain? If you're referring to a new one, I don't think there's a cheap one, but for other options, you could purchase a unit s21+ Hyd, for around $2.9k directly from Bitmain; it has a high hashrate and is cheap. Or you have no choice but to buy used units, which are much cheaper but do not guarantee that they will still work perfectly; however, if you have tech skills, why not? since all method to repair a unit is publicly available on zeusbtc.

Asic miners has nothing to offer AI data centers, it's not programmed in a way that can be converted into a server station, I wonder what you see that makes you say this, mind sharing some information @Charles-Tim Unless they have some engineers that will open up those Asic miners and do some conversions and that will cost extra money,  there is no way that any sha256 hardware will benefit AI data center or even AI itself.

I am following what people have been posting on this thread. Did you read what mocacinno and ABCbits have posted? You do not necessarily need to quote me after the two people have quoted me quoted me and posted what you posted. I supposed to have sent mocacinno merit, but my monthly allocation has not been generated at the time.

The S21+ Hyd ASIC requires additional cooling, which you'll need to purchase separately. With a power efficiency of 16J/Th, this ASIC won't pay for itself before the halving, with electricity prices at 4 cents or higher. Liquid cooling works quietly, but 5400 watts per hour is a very high consumption for each residential house or apartment.

ASIC prices don’t always drop immediately when Bitcoin dumps. Sellers usually wait first because they paid for stock at higher prices, and demand may still be there. Prices often adjust only if the dump lasts longer and buyers slow down. So it can take weeks or even months, depending on market demand, supply, and miner profitability.

The 6TH BitAxe that uses 100w is the only cheap miner that I can find for $165 in my country, I believe this is still cheap but some won't accept, every other Asic miners have the same prices as the past months. By the way, why would anyone want to wait for price crash when Bitcoin is already down to 60k? Even if this isn't the finally bottom 40k per Bitcoin won't make a lot of difference from here. I wouldn't wait around if I have the money to buy Asic miners right now, I don't see much of a difference.

I already wrote that this device is only suitable for solo mining. If I were to play this lottery, I would probably buy a used M30S++ for $70 and spend the rest of the money on electricity. With 100 terahashes, the chances of finding a block are much greater. Maybe in your country these models are more expensive, but I don’t think much.