Our ASIC Price Index reflects the current price per TH of different Bitcoin mining ASICs grouped by three efficiency tiers. The ASIC Price Index is measured in both US dollars (USD) and bitcoin (BTC). Hashrate Index collects the price, hashrate, and electricity usage for dozens of SHA-256 miners over time. We leverage multiple sources including forums (Bitcoin Talk, Reddit), broker-dealers (websites, telegram channels), manufacturers’ websites, and Luxor's ASIC Trading Desk. We calculate the ASIC Price Index by averaging each unit price based on its nominal hashrate output. We group together different ASIC models into different efficiency tiers based on their power efficiency and display each efficiency in terms of $ per TH or BTC per TH. Each Bitcoin mining ASIC listing we use in the index is vetted through a confidence interval using previous index values and our proprietary algorithm. The three efficiency tiers: - Under 38 joules/TH (38 J/TH) includes the latest generation Bitcoin mining ASICs like Bitmain’s Antminer S19, S19j and S19 Pro units and MicroBTC’s Whatsminer M30s, M30s+ and M30s++ models, among others. - 38-to-68 J/TH includes mid-generation ASICs like Bitmain’s AntminerS17 and T17 series and MicroBT’s Whatsminer M20, M21 and M32 series models, among others. - Over 68 J/TH includes old-generation ASICs like Bitmain’s Antminer S9, T9, S11 and T15 series and MicroBT’s Whatsminer M10 series, among others. ”Joules” is interchangeable with “Watts” Denominating Bitcoin mining ASIC prices in Bitcoin is useful for filtering out noise in price signals. It lets you analyze key trends such as ASIC supply constraints, public market valuation arbitrage, and infrastructure roll outs.