Dogecoin models are reduced in price one by one, L9 16G breaks the 3w mark!!

ELON 2025-11-5 23:14 92232人围观 DOGE

On November 5, market monitoring data showed that the price of the core model of Bitmain’s Antminer has dropped significantly, among which the quotation of the Antminer L9 16G model has fallen below 3 10,000 yuan mark, down 12% from the previous month； Th

Market monitoring data on November 5 showed that the price of the core model of Antminer under Bitmain has dropped significantly, among which the price of the Ant L9 16G model has fallen below the 30,000 yuan mark, down 12% from the previous month. ； The price of Ant L7 9050 model dropped to less than 10,000 yuan, a drop of more than 60% from the high point during the year

Model parameters and revenue calculation: Scrypt currency mining has outstanding cost performance

As representative products of Scrypt algorithm mining machines, the performance parameters and current mining income of the two models show differentiated characteristics:

Ant L9 16G: Equipped with 6nm chip technology, the computing power reaches 16G, which is 1.7 times that of the L7 model. The energy efficiency ratio is as low as 0.21J/M, which saves more than 10% of power compared with similar models. Calculated based on the current electricity price of 0.4 yuan/kWh and LTC and DOGE currency prices, the net income from mining in a single day is about 333 yuan, and the static payback period is about 10 months. This model supports mining of six Scrypt currencies including LTC and DOGE, and the dual-mode power supply can be adapted to 220V household circuits.

Ant L7 9050: The computing power is 9050MH/s, the energy efficiency ratio is 0.36J/M, and the daily income is stable at more than 100 yuan. Its 3180W power consumption is suitable for ordinary household circuits, its 75dB low-noise design and 180-day official warranty make it the first choice for entry-level miners. At present, this model is actively circulating in the second-hand market, and some second-hand machines with newer quality are quoted for only about 8,000 yuan.

It is worth noting that the mining profits of DOGE and LTC have currently reached three times that of Bitcoin. After the American mining company BIT Mining recently switched to mining these two currencies, its profits have nearly tripled. Among them, the DOGE exchange rate has increased by 180% in a single month, far exceeding the 51% increase of BTC in the same period, becoming an important factor driving the demand for mining machines.

Reasons for price plunge: supply and demand adjustment and market cycle superposition

Regarding this price reduction, industry analysis pointed out the superimposed impact of multiple factors:

Cost-side support weakens: Bitmain, as a mining machine giant with a market share of over 70%, has recently launched promotions to clear inventory. The prices of two models have dropped by 30% compared with the peak of the bull market. The optimization of supply chain costs has created room for price downwards.

Computing power market adjustment: Since 2024, some encryption mines have turned to AI data center business, resulting in a decline in the computing power of the entire Scrypt currency network, the accelerated elimination of old mining machines, and the initiative to reduce prices of new models in order to maintain market share.

The role of cyclical rules: The industry cycle characteristics of "falling in the first half of the year and rising in the second half of the year" are obvious. The current market is in a typical "bear market gathering opportunities" stage. Manufacturers reduce prices to attract miners to reserve equipment and wait for the start of the next round of market conditions.

Market reaction: Difficulty buying sentiment rises, risk warning synchronizes

The price drop has triggered market dips. The reporter learned from multiple dealers that in the past week, L9 16G sales increased by 80% month-on-month, and L7 9050 sales increased by more than 120%, including many professional miners who purchased dozens of units at a time.

However, regulatory and market risks still require vigilance. Although operating mining machines is currently regarded as an ordinary commodity transaction and is different from digital currency transactions, the sharp fluctuations in cryptocurrency prices and the uncertainty of regulatory policies in some regions still bring potential risks to the mining industry. Analysts from Sinolink Securities pointed out that mining machine investment requires comprehensive judgment based on electricity price costs, currency conditions, and policy environments. Individual miners who enter the market blindly may face the risk of lower than expected returns.

Industry Outlook: 2025 may become a key node

In the long term, the ecological stability of the Scrypt currency and the iteration of mining machine technology will provide support for the market. At the same time, as the AI business of some mines gradually generates revenue in the second half of 2025, the diversified application of computing resources may give additional value to mining machines. Market participants predict that if the cryptocurrency market enters a bull market cycle in 2025, mining machines currently purchased at low prices are expected to gain significant income elasticity, and the brand and technical advantages of Antminer may make it a core target for benefit.

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