At the World Digital Mining Summit in Dubai, the leading application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer, Bitmain, revealed the company’s most powerful bitcoin mining device to date. Antminer S19 XP can generate 140 terahash per seconds (TH/s), and consumes 27% less electricity than today’s most profitable and efficient bitcoin miners.
New Antminer S19XP boasts 140 TH/s, and 27% less electricity consumption per Terahash
Bitmain has unveiled a brand-new ASIC SHA256 mining rig that is causing excitement in the bitcoin mining community. News was published about the new miner. first leakedColin Wu (a Chinese journalist, and former Bitmain employee) wrote the following: The journalist wrote that compared to the current generation of Antminer S19s, the latest in the series of models has “been greatly improved.” Following Wu’s tweet on November 6, Bitmain hosted the World Digital Mining Summit (WDMS) in Dubai and revealed the firm’s next-generation machine.
— Denis Rusinovich (@DenisRusinovich) November 10, 2021
Bitmain’s new miner will pack a lot of computing power as 140 TH/s will be the most powerful mining rig released on the market to date. The new rig’s specifications show the miner’s efficiency is 21.5 joules per terahash (J/TH), which is considerably more efficient than the S19 Pro’s 29.5 J/TH. Not only does the S19 XP consume 27% less electricity per Terahash (J/TH), but it claims that 37% more hashpower is produced per kilowatt hour (kWh). S19 XP uses the SHA256 algorithm for mining and consumes 3,010 watts from the wall.
Five Selected Companies Will Be First to Acquire Bitmain’s New Machines
According to the announcement the machines would be made available to the general public by July 2022. However, it seems that five bitcoin mining operations have been selected to be Bitmain’s first S19 XP customers. Greenidge Generation Holdings Inc. (Nasdaq:GREE) was one of the companies selected and Ault Global Holdings’ (NYSE American:DPW) subsidiary Bitnile was also chosen to partner with Bitmain. Milton “Todd” Ault, III, the company’s executive chairman, tweeted some photos of himself signing a contract on stage in Dubai.
— Alejandro De La Torre (@bitentrepreneur) November 10, 2021
Bitnile disclosed the new shipment of Antminer S19 XPs will be leveraged at the firm’s Michigan data center and “result in a significant increase in Bitnile’s Bitcoin mining capabilities and future revenues.” The announcement stemming from Greenidge details that the company aims to deploy its units “at a facility to be developed in South Carolina or Texas.” Greenidge also explained that the delivery of S19 XPs will occur in the “third quarter of 2022.”
Bitmain’s Antminer S19 XP will also boast 5-nanometer (5-nm) chip technology and the semiconductors come from Taiwan. In the Greenidge S19 XP acquisition announcement, Bitmain’s business development director of the NCSA region, Irene Gao, discussed the new S19s. “Like Greenidge and many of our customers, Bitmain is dedicated to improving the carbon footprint of the bitcoin mining industry. That is why we’re thrilled to announce not only the S19 XP but also the green Antminer S19 XP.” Gao concluded:
Bitmain is manufacturing a limited edition green Antminer S19 XP and is offsetting 100% of the carbon footprint associated with the production and the first year’s operation of these miners by purchasing carbon offset credits.
Let us know your thoughts on the Bitmain announcement. Comment below and let us know how you feel about the subject.
Credits for the imageShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the content or use of any goods, services, or information mentioned in the article.