Bitmain’s S17+ model offers Bitcoin users a hash rate of 73 TH/s. Canaan’s A1166 miner is also capable of processing 73 TH/s with an energy efficiency of 46 J/TH.
Bitmain, a Chinese company dedicated to designing application-specific integrated circuit (ASIC) chips for Bitcoin mining, launched its last two Antminer 17 series models to the eager market, last October 9th, 2019. On the same day, Canaan, another Chinese ASIC producer, also launched its A11 series of next-generation Bitcoin miners.
The new mining rigs of the two leading Bitcoin miner manufacturers have much higher hash rates and efficiency. Bitmain’s S17+ model offers a hash rate of 73 TH/s and works at 40 J/TH. For its part, Canaan’s A1166 miner is capable of processing 73 TH/s with an energy efficiency of 46 J/TH.
According to the announcement, the new Bitmain T17+ model offers a hash rate of 64 TH/s and energy efficiency at 50 J/TH. As demonstrated in its official presentation, the two new models will be available to the market from October 11th and their shipment scheduled for the first 10 days of December. The manufacturer had already launched the Antminer S17e (64 TH/s, 45 J/TH) and T17e (53 TH / s, 55 J/TH) in the month of September, and it sold out in a matter of minutes once it was available for sale.
On the same day, Cannan, the manufacturer of Avalon, also announced the launch of its most powerful miners: the A1166 model, which processes a hash rate of 73 TH/s and operates at 46 J/TH, and the A1146 model, which processes 61 TH/s with an energy consumption of 55 J/T.
According to its sales director Chen Feng, the A11 models are not yet available to everyone at this time, for fear of delay in delivery, but mainly to some large buyers. Up to now, around 500,000 units of A10 and A11 have been manufactured, and the number is expected to exceed one million by the year 2020. Chen added that the most powerful and efficient 7 nm miners and those with a more advanced 5 nm process are on their way.
According to data from ASIC Miner Value, the Antminer S17 Pro (53 TH/s) is currently the most profitable miner. All the latest Bitmain S models are in the list of the 10 most profitable miners in the market. The rest of the competitive mining machines on the main list include the Innosilicon T3+, StrongU U8 series, Whatsminer M20S, and the Ebit E11 ++.
With the introduction of 70 TH/s mining rigs, in principle more efficient, Bitcoin mining can be more difficult and less profitable for individual miners in the midst of an ecosystem that moves through unequal segments. Jihan Wu, co-founder of Bitmain, said at the World Digital Mining Summit that miners have to improve the efficiency of their mining equipment if the price of Bitcoin does not move after the halving that is expected to occur in May 2020.
There is a lot of expectation in the ecosystem, so these new mining devices come to help keep optimism among bitcoiners.
By Willmen Blanco