Last Thursday the China-based mining rig producer Bitmain introduced the launch of two new Antminers that provide hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale began on Monday, first batch units bought extraordinarily quick and Bitmain expects to ship models by mid-November. Meanwhile, the mixed SHA256 hashrate (BCH and BTC) has grown exponentially, touching 100 exahash per second (EH/s) on Tuesday.
Bitmain Launches Two New Next-Generation Miners With Hashrates of 53-64TH/s
Mining cash like BCH and BTC is extraordinarily aggressive and just lately mining rig producers have been launching next-generation units making the competitors even larger. Last week, on Sep. 5, Bitmain Technologies introduced the launch of its latest set of Antminers after releasing a number of variations of SHA256 mining rigs over the previous few months. The newest variations embrace the Antminer S17e and the T17e which will probably be bought in three batches. According to Bitmain’s specifications, each machines have been optimized to carry out with “significant improvements to power efficiency and hashrate.” The S17e has a mean hashrate of 64TH/s and 45 joules per terahash (J/TH). The Antminer T17e gives hashrate speeds of as much as 53TH/s and energy effectivity of roughly 55J/TH. So far each batches of the brand new Antminers have bought out and the final sale will finish Wednesday morning on Sep. 11.
In addition to the brand new Antminers, Bitmain launched a compensation technique for supply delay. So if mining rigs will not be shipped on the required supply dates then Bitmain will compensate clients with coupons for every day of delay, based mostly on PPS rewards of the mining pool and electrical energy value deducted. Bitmain defined that each new fashions have been created for higher effectivity and longevity as nicely. “Both new models have been designed for more stable operations in the long-term to reduce maintenance costs for customers,” Bitmain detailed final week. “This is made possible through the dual tube heat dissipation technology which improves how efficiently heat dissipates. The models are also equipped with a more secure software system to prevent malicious attacks.”
Bitmain may even be internet hosting the second annual World Digital Mining Summit (WDMS) in Frankfurt Germany on Oct. Eight-10 2019. The two-day occasion will convey collectively a few of the largest entrepreneurs within the mining business like Genesis Mining Marco Streng and Bitmain’s cofounder Jihan Wu. One particular occasion on the WDMS convention introduced this week will probably be a contest for the “top ten mining farms around the world.” This will permit the mining business to vote on the most effective mining farms on the market immediately. In order to take part, miners have to disclose their location, capability, mining farm methods, internet hosting worth, size of operations, and submit photographs of their crypto mines. Participants should submit all required supplies by e-mail earlier than September 13 and winners will obtain VIP tickets to WDMS.
High-Powered Mining Rigs Push the SHA256 Hashrate Above 100EH/s
With 64TH/s and 45J/TH, the brand new Antminer S17e can be probably the most worthwhile mining rig as we speak, in response to asicminervalue.com. At the time of writing, calculating present costs and with an electrical energy value of $zero.13 per kWh, the S17e would revenue by $Eight.86 per day mining BTC (if it was out there to the general public right now). Profits per day could be solely totally different relying on the worth per coin on Nov. 2019 and network difficulty. The new Antminer fashions will compete with the Microbt Whatsminer M20S (68TH/s), Ebang Ebit E11++ (44TH/s), and the Strongu STU-U8 professional (60TH/s).
The remainder of the aggressive mining rigs within the prime listing are different Bitmain fashions too such as the S17 professional (53TH/s), and the S17 (56TH/s). In 2019 Bitmain has launched a large assortment of SHA256 suitable miners together with the brand new legacy S9 collection, and the T model fashions. There’s nonetheless a bunch of low hashrate miners obtainable on the Bitmain web site, however most greater efficiency machines are promoting out shortly. Still, with an electrical energy value of $zero.13 per kWh, any mining rig available on the market that performs at greater than 13TH/s is profiting at at the moment’s BTC and BCH costs. On Sep. 10, it’s at present four% extra worthwhile to mine on the Bitcoin Cash blockchain in line with costs and Coin Dance statistics.
Both chains’ SHA256 hashrate mixed on Sep. 10 crossed the 100 exahash per second (EH/s) area as BTC captured 98.53EH/s and BCH gathered 2.4EH/s. If and when SHA256 networks can exceed 500 exahash per second, the processing energy will penetrate the zetahash period. BTC’s hashrate is 8X extra highly effective than Dec. 2017 on the peak of the bull run, and this previous June the BTC hashrate was 55EH/s which almost doubled in three months. The BCH community hashrate has hovered between 2-2.6EH/s during the last three months with 11 swimming pools processing BCH blocks. There are 10 swimming pools mining BTC with 18.1% of the hashrate being stealth mined by unknown miners. On Sep. 10, 22% of the BCH community hashrate consists of unknown mining swimming pools as nicely.
With market costs at what they’re at present, each BCH and BTC miners are seeing vital income in comparison with final yr’s costs. At present speeds, each SHA256 networks’ reward halvings can be at totally different occasions. The BTC chain is predicted to see its reward halving in 248 days on May 16, 2020, whereas the BCH chain is predicted to chop its block reward on April 8, 2020. Both dates will not be actual and the time might change if hashrates improve or decline from right here. The onslaught of latest machines produced by producers like Bitmain, Strongu, Innosilicon, and Microbt ought to proceed to extend the general SHA256 hashrates on each networks.
What do you consider the newest Bitmain miners and the exponential SHA256 hashrate? Let us know what you consider this topic within the feedback part under.
Disclaimer: Readers ought to do their very own due diligence earlier than taking any actions associated to the talked about producers and merchandise related to this text. Bitcoin.com or the writer is just not accountable, instantly or not directly, for any injury or loss brought on or alleged to be brought on by or in reference to using or reliance on any content material, items or providers, merchandise, web sites, and distributors talked about on this article. This editorial evaluation is for informational functions solely.
Image credit: Shutterstock, Bitmain, asicminervalue.com, Fork.lol, Coin Dance, Wiki Commons, and Pixabay.
Did you understand you possibly can earn BTC and BCH via Bitcoin Mining? If you already personal hardware, join it to our highly effective Bitcoin mining pool. If not, you’ll be able to simply get began by way of certainly one of our versatile Bitcoin cloud mining contracts.