Bitmain announces Antminer T19. What impact it will cause in Bitcoin mining market?

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The Antminer T19 by Bitmain may not have a big impact on the Bitcoin network, and it comes out amid the firm’s internal and post-halving uncertainty.

Description: Bitcoin miners now have a brand new machine, Antminer T19, delivered by Bitmain.

Earlier this week, Chinese mining-hardware firm Bitmain started Antminer T19 sales. This mining unit belongs to the latest generation of Bitcoin mining equipment. It is noteworthy that the announcement of Bitmain came at a bad time for Bitcoin miners: after Bitcoin halving their income dropped by half. How can Bitmain win a bigger market share with its new product?

According to the official, the Antminer T19 features a mining speed of 84 TH/s and a power efficiency of 37.5 joules per TH. Bitmain has designated the T-series as the most effective in terms of cost/income ratio. According to some data, T19 can generate $3.97 of profit every day. The price of T19 is set at $1749.

Marc Fresa, the founder of mining firmware company Asic.to:

“When chips are designed they are meant to achieve specific performance levels. Chips that fail to hit their target numbers, such as not achieving the power standards or their thermal output, are often ‘Binned.’ Instead of throwing these chips in the garbage bin, these chips are resold into another unit with a lower performance level. In the case of Bitmain S19 chips that don’t make the cutoff are then sold in the T19 for cheaper since they do not perform as well as the counterpart.”

It seems like Bitmain rolled out its new piece of equipment for mining not because other ASICs get bad attention from customers. Officially, Bitmain machines selling well. It is just simple product diversification, which is common strategy for mining hardware producers.

Kristy-Leigh Minehan, a consultant and the former chief technology officer of Genesis Mining:

“ASICs don’t really allow for one model as consumers expect a certain performance level from a machine, and unfortunately silicon is not a perfect process — many times you’ll get a batch that performs better or worse than projected due to the nature of the materials. Thus, you end up with 5–10 different model numbers.”

Bitcoin’s hash rate dropped 30% soon after the third halving occurred as much of the older generation equipment became unprofitable due to the increased mining difficulty. But what will happen when new generation ASICs will be plugged in in the next few weeks? Minehan said she doesn’t expect the T19 model “to have a huge impact that’s an immediate cause of concern”. So T19 probably will not boost up the mining difficulty forcing many miners to leave this market:

“There isn’t a strong reason to expect the new model to significantly affect the hashrate. It might be a slightly more compelling option to a miner with extraordinarily inexpensive electricity, but otherwise they likely would have just purchased an S19 instead.”

As you can see, mining business with ASICs is pretty complicated. This is the constantly changing market, depending on Bitcoin price, mining difficulty, electricity bills and much more stuff. But there is a better solution — join our Bitcoin cloud mining platform Hashmart.io to earn BTC on a daily basis just with an investment plan!

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Andrey Costello
All about cloud Bitcoin mining — Hashmart Blog

Bitcoin-maximalist. Optimistic family man and miner with six years of age. I write about complicated things from the future for people of our days.