Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share

Bitmain on Monday launched the Antminer T19, a less expensive bitcoin mining machine, in an effort to regain misplaced market share.

The Beijing-based firm mentioned the Antminer T19 has computing energy or hashrate of 84 terahash per second (TH/s) and energy effectivity of 37.5 joules per terahash (J/TH).

The newest is modeled after Bitmain’s extra environment friendly BTC miner, Antminer S19, solely cheaper. With hashrate of 95 TH/s, the S19 mannequin prices $1,785, some 2% increased in contrast to the T19 collection, which is promoting at $1,750.

“The Antminer T19 is housed with the identical technology of custom-built chips discovered within the Antminer S19 and S19 Pro, making certain succesful and environment friendly operations for mining cryptocurrencies,” mentioned Bitmain in a blog post.

According to F2pool, a world bitcoin mining community, the brand new T19 mannequin generates up to $three.17 of revenue every day. That compares with earnings of $three.96 per day for the Antminer S19. The figures are based mostly on a mean electrical energy price of $zero.05 per kilowatt per hour.

The T19 goes on sale on June 1, with a restrict of two miners per buyer “to forestall hoarding and to be sure that extra particular person patrons should purchase miners,” Bitmain declared. The new mining tools will likely be shipped between June 21 and 30, it mentioned.

It is extra environment friendly than the earlier T17 mannequin, which, along with the Antminer S17, has failed at a better price of 20% – 30%. The “regular” failure price is mostly 5%. Antminer T19 comes with “upgraded firmware,” ostensibly to provide “quicker begin-up speeds.”

The new miner comes at a time Bitmain has given up floor to rising competitor Microbt. The launch additionally coincides with Bitcoin’s programmed provide minimize of May 11, which slashed miner income by 50% to 6.25 BTC per block. The halving has pressured miners to search for extra environment friendly mining tools.

According to Coinshares, Bitmain could have misplaced 10% of its dominant market share in 2019, as Microbt, maker of the Whatsminer collection, continued to promote extra mining energy all through the world. The pattern is predicted to have continued in 2020.

Earlier on Monday, Canadian agency Bitfarms Ltd. announced the acquisition of 1,847 Whatsminer M20S BTC mining machines. Delivered inside 4 to 5 weeks, the mining is predicted to add roughly 133 petahash per second (PH/s) to the corporate’s put in computing energy and enhance computing effectivity to over 15 PH per megawatt, it mentioned.

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