Bitmain Sets The Stage For Energy-Efficient Bitcoin Mining

The first liquid-cooled mining machines of Bitmain, the Chinese chipmaker has been revealed.

The S19 XP HYD is expected to be one of the company’s most energy-efficient models ever.

This new setup uses liquid cooling. It is currently the most efficient model of all mining equipment made by this manufacturer, according to reviews.

This hydrocooling rig is only for Bitmain containers.

Bitmain Rig Packs a Punch

The newly announced mining rig is dubbed “Antminer S19 XP Hyd.” It boasts 255 terahashes per second (TH/s) of processing power and 20.8 joules per terahash (J/T) of power efficiency while operating on 5,304 watts, according to Bitmain’s website.

A liquid cooling system is used to cool the machine. The fluid flows through pipes and heats up.

Cooling rigs for less than $20,000 will be launched in the first quarter 2023.

Similar Article: Abra CEO predicts Ethereum could reach $40,000, but some fintech analysts don’t agree| Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree

Furthermore, the energy efficiency of this new model slightly outperforms Bitmain’s previous best rig – the Antminer S19 XP.

Bitmain also released the ANTSPACE HK3, a brand new container for bitcoin mining that can hold 210 machines. It consumes up to 1 Megawatt electricity.

We aim to make sustainable bitcoin mining a reality

Bitmain is a company that focuses on bitcoin mining long term and recently revealed measures to this end.

Bitmain will create up to 500 MW of clean digital mining infrastructure at Merkle Standard’s hydro-powered facilities in Eastern Washington as part of the joint venture.

BTC Total Market Cap at $767.68 Billion on the Daily Chart | Source: TradingView.com

Furthermore, the Beijing-based chipmaker has gained a significant stake in one of America’s major crypto-mining facilities via a collaboration with Allrise Capital.

The move might help Bitmain’s market expansion in the United States even further.

Mining data shows that the Bitcoin mining metrics saw some interesting developments over the past months. The Bitcoin hashrate increased by more than 15% per week, while processing power steadily rose.

Mines that are energy efficient

Meanwhile, Block Inc.’s CEO, Jack Dorsey, revealed last October that the firm was exploring developing an open-source bitcoin mining system built on bespoke silicon to decrease entry barriers for both businesses and people.

In January, Thomas Templeton, Block’s general manager for hardware, emphasized that the planned approach would improve bitcoin mining efficiency and other benefits.

Templeton says:

“We’re interested because mining is about more than just producing new bitcoin. We regard it as a long-term need for a decentralized and permissionless future.”

In a related event, Hive Blockchain had signed an arrangement with Intel to acquire the latter’s recently introduced energy-efficient blockchain accelerators named Bonanza Mine.

Related Article: Ripple Accepts Over 4,000 Artists to Its NFT Platform| Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform

Featured image taken from Bitcoin News. Chart by TradingView.com

Get more Crypto News at CFX Magazine