Bitmain Antminer S19 launch post BTC halving infuriates miners

Bitmain Antminer S launch post BTC halving infuriates miners

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Bitmain Antminer S19 launch has once again put the spotlight on ASIC mining and its rising influence within the crypto mining realm. Bitmain is the largest crypto mining hardware manufacturer in the world, and fans eagerly await new launches to spice up their mining operations.

Unfortunately, the delivery date of the new Bitmain Antminer S19 is scheduled for May 11, which is one day after the Bitcoin halving event. Naturally, the manufacturer faced a backlash from the mining community as BTC halving will make mining difficult even with more advance hardware. And if that’s not all, the entire stock of the new device was sold out within a day.

Bitmain Antminer S19 sells out in a day

Bitmain is as old as the crypto industry. It has a huge fan following when it comes to making high-performance hardware for digital currency mining. Bitmain Antminer S19 belongs to the legendary Antminer rigs series, which made the company a household name across the globe. The launch announcement on March 23 mentioned that the first batch would be targeted towards the Chinese consumers, and international sales would follow shortly.

Basic Bitmain Antminer S19 rig starts at around $2,180, and buyers have to shell out around $2,900 for the high-end pro versions. Bitmain China website reported that both the versions went out of stock within 24 hours. The next sale date will be announced shortly.

Bitmain Antminer S19 promises a hash rate figure of 95 TH/s while the ‘Pro’ version will churn out 110TH/s of hash rate. The energy efficiency figures of basic and pro versions are 4.5 J/TH and 29.5 J/TH, respectively.

Crypto community furious over delayed launch timeline

The upcoming bitcoin halving event is scheduled for May 11, and the delivery date for Bitmain Antminer S19 rigs is slated for May 12. This has upset the community as they believe the new power figures won’t make much of a difference after the halving event.

The chief executive officer of SocialBlade, Jason Urgo, said that the company is making the most of the miners for themselves before the BTC halving. The actual miners will receive the equipment when it doesn’t matter much. His tweet accuses the company of using the miners before shipping them to the customers.

Miners also commented on how the company is already working on the S21 series development. As the production of the S21 series nears, the Bitmain Antminer S19 won’t deliver a good return on investment.

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Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

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