Bitmain might change the Bitcoin mining sport once more, with the upcoming shipments of Antminer S19, the most recent mannequin within the ASIC lineup.
Antminer But to Announce Delivery, Costs for New Rig Mannequin
Antminer S19 can shortly make the earlier fashions that powered the Bitcoin community out of date. The newest fashions have unsurpassed power effectivity, and a hashrate of as much as 110 TH/s for the Professional version. The brand new machine can begin altering the sport for BTC mining, which continues to be extraordinarily aggressive.
Saying the #Antminer S19 Sequence! The #AntminerS19 has 2 variants, a 95 TH/s and 90 TH/s mannequin, with an influence effectivity of 34.5±%5 J/TH. The #AntminerS19Pro has a 110 TH/s and 105 TH/s mannequin, each with an influence effectivity of 29.5±%5 J/TH. Be taught extra at https://t.co/2ftncwFOl2 pic.twitter.com/opW7IcZ3yZ
— Antminer_main (@Antminer_main) February 27, 2020
The brand new mining rig is twice as highly effective because the S17 mannequin, which reaches 55 TH/s. At the moment, it’s hypothetically attainable to mine 1 BTC per yr with roughly four S17 rigs. The most recent mannequin additionally reveals how far the Bitcoin community has grown. Only one S19 machine might have changed all of the mining energy again in 2013.
However the brand new mannequin might decrease the variety of rigs wanted to start out mining. For now, the date to launch and ship the S19 is unknown, in addition to the market worth. It might take months earlier than the brand new machines are built-in into mining farms.
Bitcoin Mining Continues to be Extremely Aggressive
At the moment, shipments of the S17 mannequin are extremely lively, and farms nonetheless use older fashions that also have mining capability. The BTC hashrate is now constantly near, or above 100 quintillion hashes per second. Mining has slowed down a bit, and the most recent issue readjustment introduced down the issue, although by simply 0.38%. That is the primary downward correction in issue since December 2019.
The launch of a brand new, extra highly effective mannequin, is including to the long-term bullish indicators given off by BTC mining. Bitmain, which went by way of a catastrophic yr in 2019, has not given up on launching new fashions and supporting the mining economic system. Regardless of the failed IPO, Bitmain stays a pacesetter in ASIC manufacturing, and a major affect amongst mining swimming pools.
Extra highly effective ASIC with higher power effectivity could also be wanted as miners will compete for simply 6.25 BTC per block. The halving, anticipated in lower than 75 days by some counts, is predicted round Might 12.
The occasion might trigger smaller miners to capitulate, particularly if BTC costs slide beneath breakeven. With new mining rigs, bigger swimming pools might proceed to reap enough rewards. For now, it stays to be seen whether or not miners capitulate, or redouble their efforts. Breakeven costs for miners vary from as little as $3,500 per BTC, to above $7,000 primarily based on increased electrical energy and {hardware} prices.
What do you make of Bitmain’s newest bitcoin mining product? Add your ideas on it beneath!
Photographs through Shutterstock, Twitter @Antminer_main
