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Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share

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 {hardware} 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% larger in comparison with the T19 sequence, which is promoting at $1,750.

“The Antminer T19 is housed with the identical era 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 weblog submit.

According to F2pool, a world bitcoin mining community, the brand new T19 mannequin generates as much as $3.17 of revenue every day. That compares with earnings of $3.96 per day for the Antminer S19. The figures are primarily based on a mean electrical energy value of $0.05 per kilowatt per hour.

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The T19 goes on sale on June 1, with a restrict of two miners per buyer “to forestall hoarding and to make sure that extra particular person patrons should buy miners,” Bitmain declared. The new mining tools can 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 charge of 20% – 30%. The “regular” failure charge is usually 5%. Antminer T19 comes with “upgraded firmware,” ostensibly to supply “sooner start-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 six.25 BTC per block. The halving has compelled miners to search for extra environment friendly mining tools.

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

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Earlier on Monday, Canadian agency Bitfarms Ltd. introduced the acquisition of 1,847 Whatsminer M20S BTC mining machines. Delivered inside 4 to 5 weeks, the mining {hardware} is predicted so as 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.

What do you consider Bitmain’s new product? Let us know within the feedback part beneath.

The submit Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share appeared first on Bitcoin News.

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