Chinese mining hardware manufacturer Bitmain is gearing up to launch a new line of ASIC miners. According to rumors of insiders, the devices are based on 5-nanometer chips, which will be faster and more energy efficient than previous generations of ASICs. In general, their capacity will be about 150 terahashes per second with an energy consumption of 3.1 kilowatt-hours, which means this figure will be the most powerful on the market. Let's talk about what is happening in more detail.
First, you need to mention the situation that developed in the cryptocurrency industry in the spring of 2021. Then the Chinese government banned the mining of coins in several provinces in the country. In this regard, the owners of the equipment were forced to disconnect it from the network and start choosing countries for relocation.
This directly affected the hashrate of the Bitcoin network - that is, the total computing power of all devices within the cryptocurrency blockchain. The indicator peaked at 191 exahesh per second on May 9, but by June 28 it had dropped to a local low of 69 exahashes. The situation looks like this on the chart.
Bitcoin network hashrate chart for the year
Against this background, miners moved from China, and residents of other countries connected new equipment, which was quite a profitable solution against the background of subsidence in mining complexity . Now the situation has almost recovered, and yesterday the hash rate, among other things, was at the level of 180 exahashes.
This means that miners continue to connect to the network and buy new equipment for mining. As Bitcoin grows and sets new price records, this seems like the right decision.
In the near future, miners will have a new model to use.
What will be the new miners from Bitmain?
According to the journalists of The Block , the new ASIC miner was codenamed S19X. Rumors about him were published by Colin Wu, a former public relations manager at Bitmain. Here is his quote from Twitter.
Exclusive: According to a snapshot from a Thai supplier, Bitmain will launch a new generation Antminer S19 XP with 5nm TSMC chips rated at 150 terahashes per second at 3225 watts of power. Deliveries of this line of equipment are scheduled from July to September 2022. Compared to the previous generation, the S19Pro will show significant progress in the architecture of ASIC miners.
Photo attached to Wu's tweet
The S19XP is expected to be officially announced at the company's conference in Dubai this week. At the same time, the first devices from the line have already been sent for testing to Bitmain's VIP clients. As we noted, once launched, the S19XP will become the most powerful ASIC miner in the world .
Antminer S19 Pro
Bitmain's current line of Antminer S19 Pro devices are based on a 7-nanometer chip with a hash rate of 110 terahashes per second and a power consumption of 3.1 kilowatts / hour. The S19XP should ultimately be about 36 percent more powerful for the same power consumption.
Note that while Bitcoin mining requires powerful and noisy ASIC miners, you can even receive a reward in BTC using a regular video card. The new payment system from the 2Miners pool, which was launched in October, will help to do this. Thanks to it, users can mine Ethereum, but receive the reward they earn in Bitcoin or Nano. The conversion takes place automatically, so from the outside the process will really resemble mining BTC on a regular video card.We believe that the company's decision to release a new generation of miners transparently hints at a positive within the digital asset industry. The growth of Bitcoin allows it to be mined in a plus, even despite the constant increase in mining difficulty over the past weeks. And this does not stop the miners themselves. Therefore, we assume that in the near future, the hashrate and the complexity of BTC mining will continue to increase.
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