Will the new Antminer T19 save Bitmain?

in cryptocurrency •  last month

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    Bitmain, the famous manufacturer of specialized mining equipment for Bitcoin, is facing a more than perilous situation. Between internal and industrial problems, the company is playing its future with the release of the Antminer T19 model.

    A complex situation for Bitmain
    After having dominated the mining equipment scene for a long time, the Chinese company finds itself in a thorny situation. The conflict between Micree Zhan Khetuan and Wu Jihan, the two founders of the company , does not seem to be subsiding. And for good reason, the latter simply wanted to dismiss Zhan from his duties in October 2019, via a simple email.

    In addition to the legal battles, a new pervasive competitor is beginning to gain considerable market share. MicroBT's WhatsMiner M20 sold 600,000 copies in 2019. For information, Bitmain went from 75% to 65% of the sector's market share between 2018 and 2019.

    Following the grandiose success of the S7 and S9 models, Bitmain's professionalism was called into question after the 17 series posted a failure rate of 20% to 30% . To top it off, the company angered the miners by announcing the shipment of the new S19 model only one day before the halving date.

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    The 19 series to save the day?
    Bitmain is used to releasing its products in series. The S series , synonymous with a star product, with a better hashrate and more effective, and the T series which is considered more affordable.

    After the flash sale of its S19 series on March 23, 2020 , which was sold out in less than 24 hours, it's the Antminer T19's turn to see the light of day. This new model displays a performance of 84 TH / s ( terahashes per second), and an energy efficiency of 37.5 J / TH (Joules per terahash ). It will be sold for 1,750 dollars for the general public.

    In terms of profitability, the Antminer T19 will generate an income of $ 3.14 per day , while the S19 will generate $ 3.93 of daily profit according to F2pool's calculations (for an energy cost of $ 0.05 per kiloWatt). The sale of T19 models will be limited to two units per buyer.

    Will the company still be at the origin of a new industrial incident? The new models, expected to be delivered in early July, will clearly be the focus of the mining industry's attention. No more errors are allowed!

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