Bitmain Rolls Out More Powerful And Energy-Efficient Bitcoin Mining Rig To Date

Share This Post

Liquid-cooled mining machines from Chinese chipmaker Bitmain have been unveiled.

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

The new mining setup employs liquid cooling. According to reviewers, it is the most power-efficient among all models of mining equipment from this manufacturer.

These hydro cooling rigs are exclusively for usage in 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.

The machine features a liquid cooling system, which involves using a coolant flowing through pipes to dissipate heat from the device.

The cooling rigs will launch in the first quarter of 2023 for a little under $20,000 per unit.

Related Article | 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.

Notably, Bitmain has also announced the release of the ANTSPACE HK3, a new bitcoin mining container that can comfortably accommodate 210 mining machines and uses up to 1 megawatt of electricity.

Aiming For Sustainable Bitcoin Mining

Bitmain has been focusing on long-term bitcoin mining and has recently unveiled measures in this area.

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.

According to mining data, the bitcoin mining metrics have seen some intriguing developments in recent months, as the Bitcoin hashrate grew by more than 15% in a week as processing power steadily increased.

Energy Efficient Mining

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 said:

“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 Welcomes More Than 4,000 Artists Into Its New NFT Platform

Featured image from Bitcoin News, chart from TradingView.com

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Why is Bitcoin Price Down Today?

The post Why is Bitcoin Price Down Today appeared first on Coinpedia Fintech News Bitcoin is currently down by more than two percent, trading slightly below the $90k mark It is currently experiencing

Cameron Winklevoss Emphasizes The Importance Of DOGE Initiative, Says It Could Reduce Inflation

The post Cameron Winklevoss Emphasizes The Importance Of DOGE Initiative, Says It Could Reduce Inflation appeared first on Coinpedia Fintech News US President-elect Donald Trump recently announced

Bitcoin MVRV Hits Critical Threshold For Profit Taking – What Does This Mean?

Bitcoin recorded another remarkable price performance in the past week, gaining by 1916% according to data from CoinMarketCap The crypto market leader established a new all-time high at $93,434 on

Renowned Investor Jim Rogers Warns ‘America First’ Policy Will Trigger ‘Biggest Recession Ever’

Jim Rogers warns Trump’s “America First” trade policies could ignite the “biggest recession ever,” fueled by spiraling US debt, inflation, and trade restrictions Jim Rogers

XRP Lawsuit News: Analyst Opposes Case Dismissal, Seeks Clarity from SEC Instead

The post XRP Lawsuit News: Analyst Opposes Case Dismissal, Seeks Clarity from SEC Instead appeared first on Coinpedia Fintech News The ongoing Ripple case could be dismissed by the SEC, especially in

Crypto enforcement to take a back seat under Trump as immigration becomes priority

Republican President-elect Donald Trump promised to ease up crypto enforcement during his campaign And that’s what’s going to happen as Trump resets policy at the Justice Department and