On June 1, 2020, Chinese crypto mining giant Bitmain launched the sale of its latest ASIC-based SHA-256 miner, the Antminer T19. The newly unveiled mining rig is the 3rd Antminer model in the latest generation of Bitmain’s ASIC-based miners.
The new mining device can generate a hash rate of 84 TH/s and has a power efficiency of 37.5 J/TH. It also comes with the latest firmware that ensures faster start-up speeds for an optimized mining experience.
An official from Bitmain commented:
“Comparing with the previous Antminer T17, the T19 greatly improves performance, allowing miners to achieve better efficiency and earnings.”
Founded in 2013, Bitmain has been spearheading innovation in the crypto industry by producing integrated circuits for mining, as well as mining hardware under the Antminer brand.
The company has already listed the new Antminer on its website and will start shipping it from June 21.
Bitmain Modernizing the Mining Game
The BTC network recently underwent the 3rd halving, where mining reward were cut from 12.5 BTC per block to 6.25 BTC per block. This has necessitated the production of devices that are more efficient in mining BTC.
Bitmain has stepped up to fill this gap by launching efficient mining hardware that will ensure miners remain profitable post halving. In fact, many major commercial mining farms are already ordering a massive number of Antiners to strengthen their arsenal of miners.
For instance, Riot Blockchain, a Nasdaq-listed Bitcoin mining firm, recently procured 2,040 new Antminers with installation plans later this year.
The newly launched Antminer T19 is actually the low-end model in the latest lineup of the Chinese manufacturer’s Antminer 19 series, as both the Antminer S19 Pro and S19, are designed to generate more hash power.
As per Bitmain’s official blog, the Antminer T19 uses the same generation of custom-built chips found in the Antminer S19 and S19 Pro, which means it is highly suitable for mining bitcoin and bitcoin SV that utilize the SHA-256 hashing algorithm.
New Generation Rigs Safeguard the Future for Miners
Increasing mining costs and reduced rewards post halving mean that older-generation mining machines like the Antminer S9s will certainly yield losses, forcing miners to scale back operations or leave the industry.
This is why new rigs such as the Antminer T19 must be quickly plugged in to stabilize the harsh rate, with fears emerging that support for the BTC network could take a hit if many miners leave the network.
Luckily, the new-generation of Antminers now on the market are already bringing superior performance, enabling miners to optimize earnings and ensure long-term operations on the BTC network.
Case in point, recent on-chain data showed that the BTC hashrate didn’t plunge during the 3rd halving, but managed to hit an impressive high of 126 EH/s on the day.
And this surprising occurrence prompted Mark D’Aria, the CEO of Bitpro Consulting LLC, to suggest that the rising hash rate may be attributed to newer, more efficient rigs that are continually being plugged into the BTC network as miners strive to stay profitable.