The Covid-19 pandemic has taken the world by storm and not just bitcoin miners, but companies who provide mining equipment are struggling to cope with it too. Bitmain is offering its clients, cash coupons.

The Beijing based firm is compensating customers who ordered its latest mining machines before the market price crashed outrageously. On Tuesday, Bitmain <a href="https://mp.weixin.qq.com/s/s8Wwmm48TF7zs7trxz_OyQ" target="_blank" rel="noopener">announced </a>customers who brought its latest machines, S17+ and T17+, which had delivery dates set between mid-February to April's end would be distributed coupons ranging from $17 to $272 per unit.  This moves highlights how the market is bruised given the price crash of bitcoin and also the upcoming bitcoin halving next month also is having an impact.

For example, the customers who received their machines in the last march will receive coupons of $240 per unit, whereas the one who has received or will receive in April, would receive around $270 per unit.

The coupons can only be used to avail discounts at Bitmain, this suggests that these are testing times for the firm to sell its goods. The balance sheet of Bitmain won't make good reading as its revenue is set to decline.

Bitmain deals with its newest miners on a pre-order system, the new miners make the full payment 2 or 3 months early before they receive the products.

As such,  Buyers who would receive AntMiner S17+ deliver April more likely paid the full amount a couple of months ago, when it was even at a higher price. Given the bitcoin's price crash and anticipated halving, all miners are marking their price.
<h2>Bitmain Revisits Prices</h2>
Earlier this month, Bitmain was selling it's newest machine at a price of $1,567 per unit. However, adjustments have been to the price with a 15.7 per cent markdown, given the recent events.  The AntMiner S17+ price now is $1,320.

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Bitmain is Refunding Its Mining Clients Via Cash Coupons

Bitmain is giving out cash coupons to compensate customers who ordered its newest mining machines of bitcoin ahead of recent price markdowns.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Bitmain is Refunding Its Mining Clients Via Cash Coupons

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