Bitmain Announces New Antminer ASICs: Should You Get One?

According to an official statement, Bitmain has just announced the impending release of the latest generation of Antminer ASIC mining devices.

The new devices dubbed the S17+ and T17+ boast higher hash rates than previous generations alongside relatively comparable energy consumption rates. Both devices are expected to be available for purchase on October 11, 2019.

Prices were not available at press time, but we are assuming they will be in line with other devices Bitmain has released in the past. Join us as we take a look at the new devices and run the numbers on what you might expect to get by running one of these devices.

Another Year, Another ASIC

For the last few years, Bitmain has been regularly releasing updated machines in its Antminer line. Often these devices are initially at the top of their class in terms of hash rate, but their dominance is often challenged quickly by competing ASIC companies.

Another issue that regularly plagues the devices is rampant hoarding and reselling at highly inflated prices. In recent years, it is been common to see devices sold by Bitmain for retail price to  quickly be out of stock and have resellers pop up everywhere asking for quadruple price or more.

We will have to see if either demand for these devices has dropped or if Bitmain has somehow managed to produce enough of the devices so that there isn’t a shortage this time around.

According to the release, Bitmain will be launching not one but two different ASIC miners at (presumably) different price points and different hash rates. The flagship device, the S17+ boasts a hashrate of 72 TH/s, and consumes about 2,920 watts of power.


Cryptorocket


S17 Asic

The second device, the T17+ which is more of a budget option clocks in with 64 TH/s and consumes 3,200 watts of power.

Coins by Numbers

The big question is – is it profitable to run one of these devices now? For our calculations, we used the Coinwarz mining profitability calculator and assumed an electricity price of $0.10 per kilowatt. All…

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