In voracious competition with MicroBT for pre-halving mining supremacy, Bitmain launches the S19 and S19 Pro. These are two powerful miners that would achieve a hash rate of up to 110 TH/s.
The giant in the mining hardware sector, Bitmain announced that it is launching the two variants of its new generation of miners: the Antminer S19 and the Antminer S19 Pro, considered by some to be the most powerful Bitcoin miners on the market so far. This was reported by media such as Coindesk and Cointelegraph.
According to a statement in PR Newswire, the Antminer S19 will have a hash rate of 95 terahashes per second (TH/s) and the Pro will offer 90 TH/s; both with an energy efficiency of 34.5 W/T (joules per terahash). However, Bitmain’s website states that the Pro model can produce up to 110 TH/s for mining networks with SHA-256 algorithm.
Bitmain launches S19 and S19 Pro prior to halving
Bitmain reported that the firmware of the new models it is launching, the S19 and S19 Pro, has a much faster startup speed. The miners offer an intelligent control mechanism and a new high-conversion APW12 power supply with greater stability. In addition, Bitmain said they have added a new custom chip to the miners and improved their circuits for better and more stable performance.
Bitmain does not yet specify the price or exact launch date of these devices. Because of this, and the latent threat of Coronavirus at the global logistics level, there is no certainty that the company will be able to deliver these miners before Bitcoin’s halving of miner rewards begins in early May.
The official statement revealed that “as Bitcoin’s halving approaches, the Antminer 19 series protects the miners for future mining.
As Bitmain launches the S19 and S19 Pro, it claims to be momentarily securing its leadership in the Bitcoin ASIC market. Currently, the company has in operation several models that stood out for their quality and processing power. They are the Antminer S9 and the S17+, but both equipments have fallen behind the competition and could even lose their profitability after the halving.
The S9, for example, are among the longest lasting Bitmain models and used to undermine the SHA-256 algorithm, according to F2pool figures. The device reaches a hash rate of 14 TH/s, with gains of USD $0.58 cents per day. These revenues may be profitable today on a per-block reward basis and current Bitcoin price, but after the reward increases from 12.5 bitcoins to 6.25 bitcoins for halving, these miners would no longer be profitable.
That being the case, Bitcoin halving would be sentencing the older ASICs to go out of business, since they would no longer be profitable.
Bitmain probably didn’t expect this, but newer ASICs, such as the Antminer S17+ have found great competition from new miners from the MicroBT firm. Now, and after some time dominating the scene at the hash rate level, Bitmain seems to be facing increasing competition from its new big rival.
Indeed, MicroBT sold around 600,000 units of its 60 TH/s flagship, WhatsMiner M20 in 2019, far outpacing Bitmain’s S17. Now, MicroBT plans to launch the 88 TH/s WhatsMiner M30, which would represent fierce competition between the two firms during 2020.
The device offers daily earnings of up to USD $3.14, with a price of USD $2,430 per unit and an energy cost of 38 W/T. MicroBT already has plans to distribute the first batch of these miners between March and May 2020, although some countries will have to wait until June.
The M30S miners rank third among Bitcoin’s powerful miners in the market, surpassed only by Bitmain’s S17 and S19 miners. The comparison only reveals how, over the years, competition between these two companies has become more voracious.