antminer t19, a cheaper bitcoin mining machine, in an attempt to regain lost market share.
The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash per second (TH/s) and power efficiency of 37.5 joules per terahash (J/TH).
The most recent hardware is modeled after Bitmain's more efficient BTC miner, Antminer S19, only cheaper. With hashrate of 95 TH/s, the S19 model costs $1,785, some 2% higher compared to the T19 series, which is selling at $1,750.
“The Antminer T19 is housed with the exact same generation of custom-built chips within the Antminer S19 and S19 Pro, ensuring capable and efficient operations for mining cryptocurrencies,” said Bitmain in a post.
According to F2pool, a worldwide bitcoin mining network, the newest T19 model generates up to $3.17 of profit each day. That compares with earnings of $3.96 daily for the Antminer S19. The figures derive from a typical electricity cost of $0.05 per kilowatt per hour.
The T19 goes for sale on June 1, with a limit of two miners per customer “to stop hoarding and to make sure that more individual buyers should buy miners,” Bitmain declared. The new mining equipment is going to be shipped between June 21 and 30, it said.
It is more effective compared to the previous T17 model, which, with the Antminer S17, has failed at a greater rate of 20% – 30%. The “normal” failure rate is generally 5%. Antminer T19 is sold with “upgraded firmware,” ostensibly to offer “faster start-up speeds.”
The newest miner comes at any given time Bitmain has given up ground to emerging competitor Microbt. The release also coincides with Bitcoin's programmed supply cut of May 11, which slashed miner revenue by 50% to 6.25 BTC per block. The halving has forced miners to look for better mining equipment.
Based on Coinshares, Bitmain might have lost 10% of its dominant market share in 2019, as Microbt, maker of the Whatsminer series, continued to market more mining power through the world. The trend is expected to have continued in 2020.
Earlier on Monday, Canadian firm Bitfarms Ltd. announced the purchase of 1,847 Whatsminer M20S BTC mining machines. Delivered within four to five weeks, the mining hardware is expected to add approximately 133 petahash per second (PH/s) to their installed computing power and improve computing efficiency to over 15 PH per megawatt, it said.