Bitmain Launches Subsequent Gen Miner as Bitcoin Hashrate Touches 100 Exahash

Final Thursday the China-based mining rig producer Bitmain introduced the launch of two new Antminers that supply hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale began on Monday, first batch gadgets bought extraordinarily quick and Bitmain expects to ship models by mid-November. In the meantime, the mixed SHA256 hashrate (BCH and BTC) has grown exponentially, touching 100 exahash per second (EH/s) on Tuesday.

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Bitmain Launches Two New Subsequent-Technology 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 gadgets making the competitors even better. Final week, on Sep. 5, Bitmain Applied sciences 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 most recent variations embrace the Antminer S17e and the T17e which will likely be bought in three batches. In response to Bitmain’s specs, each machines have been optimized to carry out with “important enhancements to energy effectivity and hashrate.” The S17e has a mean hashrate of 64TH/s and 45 joules per terahash (J/TH). The Antminer T17e affords hashrate speeds of as much as 53TH/s and energy effectivity of roughly 55J/TH. To this point each batches of the brand new Antminers have bought out and the final sale will finish Wednesday morning on Sep. 11.

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

Along with the brand new Antminers, Bitmain launched a compensation technique for supply delay. So if mining rigs aren’t shipped on the required supply dates then Bitmain will compensate clients with coupons for every day of delay, primarily based 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 properly. “Each new fashions have been designed for extra secure operations within the long-term to cut back upkeep prices for clients,” Bitmain detailed final week. “That is made doable by the twin tube warmth dissipation mechanism which improves how effectively warmth dissipates. The fashions are additionally geared up with a safer software program system to forestall malicious assaults.”

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

Bitmain will even be internet hosting the second annual World Digital Mining Summit (WDMS) in Frankfurt Germany on Oct. 8-10 2019. The 2-day occasion will carry collectively among the greatest entrepreneurs within the mining trade like Genesis Mining Marco Streng and Bitmain’s cofounder Jihan Wu. One particular occasion on the WDMS convention introduced this week will likely be a contest for the “high ten mining farms around the globe.” It will enable the mining trade to vote on one of the best mining farms on the market in the present day. With a purpose to take part, miners have to disclose their location, capability, mining farm programs, internet hosting worth, size of operations, and submit pictures of their crypto mines. Individuals should submit all required supplies by e mail earlier than September 13 and winners will obtain VIP tickets to WDMS.

Excessive-Powered Mining Rigs Push the SHA256 Hashrate Above 100EH/s

With 64TH/s and 45J/TH, the brand new Antminer S17e could be probably the most worthwhile mining rig in the present day, based on On the time of writing, calculating present costs and with an electrical energy value of $0.13 per kWh, the S17e would revenue by $8.86 per day mining BTC (if it was out there to the general public in the present day). Earnings per day is perhaps solely totally different relying on the value per coin on Nov. 2019 and chain issue. The brand 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).

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash
High 12 mining rigs on Sep. 10, 2019.

The remainder of the aggressive mining rigs within the high record are different Bitmain fashions too such because 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 sequence, and the T model fashions. There’s nonetheless a bunch of low hashrate miners out there on the Bitmain web site, however most increased efficiency machines are promoting out shortly. Nonetheless, with an electrical energy value of $0.13 per kWh, any mining rig on the stock that performs at greater than 13TH/s is profiting at in the present day’s BTC and BCH costs. On Sep. 10, it’s at the moment 4% extra worthwhile to mine on the Bitcoin Money decentralised public ledger based on costs and Coin Dance statistics.

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash
On Sep. 10, 2019, at 12 p.m. EDT, it was 4% extra worthwhile to mine the BCH chain. Do you wish to maximize your Bitcoin Mining potential? Plug your personal {hardware} into the world’s most worthwhile Bitcoin mining pool or get began with out having to personal {hardware} by one in every of our aggressive Bitcoin cloud mining contracts.

Each 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 practically doubled in three months. The BCH chain 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 chain hashrate consists of unknown mining swimming pools as properly.

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash
On Sep. 10, 2019, each SHA256 networks (BTC & BCH) mixed crossed 100EH/s.

With stock costs at what they’re in the present day, each BCH and BTC miners are seeing important income in comparison with final 12 months’s costs. At present speeds, each SHA256 networks’ reward halvings will likely be at totally different occasions. The BTC chain is anticipated to see its reward halving in 248 days on Could 16, 2020, whereas the BCH chain is anticipated to chop its block reward on April 8, 2020. Each dates aren’t actual and the time might change if hashrates enhance 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.

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Picture credit: Shutterstock, Bitmain,,, Coin Dance, Wiki Commons, and Pixabay.

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