It is common knowledge for anyone who has been in the crypto world long enough to acknowledge the crucial upcoming Bitcoin block reward halving in May. As the rewards become increasingly scarce, miners have no choice but to upgrade their equipment to survive.
Bitmain, the world’s leading cryptocurrency mining hardware manufacturer, is striving to sort out the situation by launching its latest “excavator generations”- Antminer S19, which they hail as the future of mining machines.
The Antminer S19 hits a remarkable processing speed of up to 95 terahash per second (TH/s) and its Pro version is capable of generating up to 110 TH/s. Both will have an energy efficiency of 34.5 joules per terahash, equivalent to 3.5 KWh. These two devices are expected to be sold with a price of around 2,000 to 3,000 USD, depending on the region and version.
On March 23, Bitmain revealed that the company’s next-gen mining equipment was on sale domestically, while international orders would soon be processed.
With Bitcoin halving’s clock ticking, the launch of these products seems to be a carefully calculated move in the crypto mining industry. For miners, to purchase and install the latest S19 seems like a mandatory investment for those who wish to stay in the game. Since the difficulty rate adjusts itself higher as more miners and computing power continue to join the network, the hash rate will keep on breaking many more records thus making it impossible to mine Bitcoin with the obsolete versions of the machine.
The global market plummeting during this critical period has left many investors and businesses reeling from the aftereffects. To pay such a large amount for a machine is a concern to bear in mind, but the allure of potential profits is also drawing so much attention to the upcoming launch of the excavators.
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