Bitmain launches new Antminer S19 sequence, however there’s a catch 

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Bitmain launches new Antminer S19 series, but there’s a catch 

Bitmain, the world’s largest mining {hardware} producer, has introduced the launch of a brand new sequence of ASIC miners, the Antminer S19. Nevertheless, Bitmain has been closely criticized because it set the supply date for the sold-out sequence for Might 11, a day after the scheduled Bitcoin halvening.

Bitmain’s new miner sequence sells out in a day

Bitmain, the worldwide chief within the manufacturing of {hardware} gear for cryptocurrency mining, introduced a brand new sequence of their ever-popular Antminer rigs. The corporate introduced the official gross sales launch of the brand new sequence on Mar. 23, saying that the primary section of the sale might be aimed toward Chinese language clients, whereas worldwide gross sales can be announced shortly after.

The corporate’s primary miner sequence went for round $2,180 whereas the professional model costs round $2,900. Each variations had been bought out in lower than 24 hours, in response to data from Bitmain China web site.

Bitmain’s first model of the Antminer S19 will include a hashrate of 95 TH/s and power effectivity between 4.5 J/TH (joules per terahash). The Antminer professional, alternatively, will include a hash price of 110 TH/s and power effectivity of round 29.5 J/TH.

Screengrab showing the specs for the Antminer S19 pro 110TH/s (Source: Bitmain)
Screengrab exhibiting the specs for the Antminer S19 professional 110TH/s (Supply: Bitmain)

Antminer S19s will ship after Bitcoin’s Might halving

 

Antminer S19 Pro on Bitmain China website
Antminer S19 Professional on Bitmain China website

Nevertheless, Bitmain’s Antminer S19 launch wasn’t very effectively obtained by the crypto group. Many criticized the corporate for organising the delivery date for his or her latest miners as Might 12, the day after the scheduled Bitcoin halving.

Jason Urgo, the CEO of SocialBlade, criticized the corporate for holding the miners for themselves and deciding to ship them solely as soon as they’ve gotten essentially the most use out of them.

He tweeted:

“Delivery Might 11thish. Gee I ponder why you picked that date lol. I assumed you guys stated you didn’t use them your self first earlier than delivery them? Or is it simply to ensure those you do have for you get essentially the most out earlier than you ship these.”

Others went laborious on Bitmain for already starting to work on the S21 sequence, saying that with a brand new miner already in manufacturing, miners can have a tough time seeing a return on funding on their S19s.

Other than that, many miners referred to as on the corporate to launch a revenue calculator for his or her fashionable merchandise, as the present costs of the S19 sequence may imply that miners by no means see a return on their funding.

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Priyeshu Garg

Priyeshu is a software program engineer who’s obsessed with machine studying and blockchain know-how. He holds an engineering diploma in laptop science engineering and is a passionate economist. He constructed his first digital advertising startup when he was a young person, and labored with a number of Fortune 500 firms together with smaller companies. When he’s not fixing transportation issues at his firm (Ola), he could be discovered writing concerning the blockchain or curler skating along with his pals.

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