Crypto mining: Bitmain launches a protection mechanism against market volatility!

Chinese crypto mining giant Bitmain has announced the launch of a market volatility protection mechanism. S19j XP customers will get a volatility discount depending on the downward market fluctuation. This protection policy applies to both new and existing Bitmain customers. This initiative marks the Chinese giant’s desire to diversify its solutions and build customer loyalty.

Bitmain: Compensation offered to S19j XP customers

Bitmain, a giant in the crypto mining industry, has announced that it will launch a market volatility protection mechanism. It will offer compensation of $1.89/T to S19j XP buyers within three months of their purchases. The condition being that the market fluctuates more than 20% downwards. Nevertheless, customers who have already purchased the S19j XP also benefit from this policy.

Bitmain Antminer S19j XP is the most advanced mining hardware in 2023. With an energy efficiency of 21.5 J/T, it is the most efficient Bitcoin (BTC) miner. Customers can then be refunded directly to their Bitmain balance account. This gives them the option to purchase any Bitmain product with no expiration date limit.

Strengthening the relationship with its customers

According to Bitmain, the company has always insisted on establishing a symbiotic business partnership”win-win, long-term and loyal” with its customers. It also strives to inject more vitality into the industry with diversified solutions. This will allow the company and its customers to work together for the future.

Bitmain reinforces its position as a leader in the mining industry through this initiative. It is the forerunner in the hardware market and continues to dominate it. Dominating 70% to 80% of the market, the firm holds a monopolistic position in the market. Nevertheless, many players denounce the omnipotence of this industry which challenges the decentralization of crypto like Bitcoin.