The crypto mining industry has continued to flourish and demonstrate its worth on a global scale. The industry is seeing a high influx of first-time miners month-over-month, contributing to Bitcoin’s overall growth and excellent future price estimates. That being said, with increased demand for crypto miners and crypto mining equipment, the supply chain lead times have understandably been standardized to ensure an efficient and accurate distribution of crypto mining resources.
Across the industry, shipping times for miners and related equipment have been standardized based on three factors:
- Whether the equipment is new or used
- Your location or the location of your hosting facility
- Where the equipment is coming from
To put this into perspective:
●If you’re based in the USA, these are the standard miner wait times:
○Used units coming from China - 60 day shipping time
○New units coming from China - 45 day shipping time
○New units coming from Malaysia - 35 day shipping time
●If you’re based in Russia, these standard miner lead times apply to you:
○Used units coming from China - 60 day shipping time
○New units coming from China - 45 day shipping time
○New units coming from Malaysia - 40 day shipping time
Although these standard lead times may seem relatively long for those entering the industry for the first time, your miners are worth the wait, especially when considering the profits and ROI the units will generate once they start mining.
Due to the pandemic-driven, global disruption to supply chains, shipping wait times for industrial and consumer packaged goods, as well as food, have been backlogged and prolonged over the last six months. These disruptions have affected many across a wide scope of industries, and we continue to do our best to provide realistic wait-time expectations to ensure your peace of mind. As this situation relies on a multitude of factors, there is no certainty that supply chains will be streamlined by the end of the year, with current manufacturing and shipping delays expected to take some time to fully resolve. Wattum has over 4 years of experience in shipping practices alone, as our own inventory relies on successful delivery, and is your best chance at receiving your miners amidst this situation. In light of this, we advise on capitalizing on the current shipping time frames if you’re looking to get started right away.
The Internal Process
Buying mining equipment in bulk through Wattum follows a specific process. To better understand how Wattum’s business model aligns with current supply chains, let us outline each step in our internal operation.
Of the total, approximately 60 day process, we begin with the payment transaction between the buyer and Wattum, which can take up to 3-4 days. Once funds have been received, the miners will be moved to our warehouse where they will be tested. Once tested, miners are packed, and then picked up by the freight forwarder 5-6 days later.
Once shipped, miners are expected to arrive in the US in less than 10 days, where the local team tests the miners once more. On day 49, our team packs up the miners, and by day 55 they are expected to arrive at the buyers' facility.
Miners are expected to go live at the facility by day 57, and, soon enough, Bitcoin skyrockets to $100,000.
Supporting You Before, After, and Along the Way
We know that purchasing mining equipment is an important investment for our clients, and our team is here to support you every step of the way by helping you join one of the fastest growing industries in the world. As your trusted partner, Wattum provides a full suite of services for getting started in crypto mining, offering end to end solutions that range from equipment and mining pools to management and hosting. To learn more, get in touch with our Wattum sales team today.
