Hardware manufacturers reveal new-gen miners ahead of Bitcoin halving

ASIC mining hardware producer Bitmain Technologies Ltd. announced earlier its brand-new product line consisting of two Bitcoin/SHA-256 miners, Antminer S19 and Antminer S19 Pro. Accompanying the release was a messaging touting the new miners as the “safeguards miners for future mining … as the Bitcoin halving approaches with the price of block rewards to be reduced.”

Also, recently announced was the Avalon 1066 Pro model by Hangzhou-based mining equipment manufacturer Canaan Creative. The miner touts a hash rate of 55 TH/s, while its other alternative has a hash rate of 60 J/TH/s. The mid-tier model sells for $1,100 and is available now for purchase. The price point and specification make it a worthy alternative to Bitmain’s still widely used S9 miner which reports speculate will become unprofitable after the halving.

For Bitmain, the new hardware couldn’t come at a better time as the manufacturing giant struggles to fend off challenges from chief rival MicroBT. Bitmain has been gradually losing market share to the upstart competitor who Whatsminer series matched or exceed Bitmain’s Antminers in performance and popularity throughout 2019. In 2019, the firm sold roughly 600,000 units of its Whatsminer M20 machine. Its M30 miner released in December raised the bar even further and noticeable exceed Bitmain’s flagship S17 model in processing power.

The Antminer S19 is outfitted with a hash rate of 95 TH/s, while its other alternative has a hash rate of 90 TH/s, almost 50% higher than that of the top predecessors. Both variations of the miner have a power efficiency of 34.5±%5 J/TH. The Pro version…

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