Bitmain has announced the launch of its new Antminer T19 Bitcoin mining application-specific integrated circuit (ASIC). The new launch is significant as its previous Antminer S17+ mining ASICs were defective.
The leading Bitcoin miner manufacturer shared details about the new launch via a blog post on June 1. It disclosed that the Antminer T19 was the third Antminer model in the latest generation of Bitmain’s ASIC-based miners, and would help Bitcoin’s network gain hashrate.
#Antminer is proud to announce the new-generation #AntminerT19, the third model coming from the 19 Series. The T19 comes with a Hash Rate of 84 TH/s ± 3% with a power consumption of 3150W ± 5%. Selling period: 01 June 2020, 11:00 GMT+8 #Bitmain pic.twitter.com/sKIiaXEOuX
— ANTMINER (@Antminer_main) June 1, 2020
According to the post, the new ASIC model has a hashrate or mining power of 84 TH/s (terahash per second), and power efficiency of 37.5 J/TH (joules per terahash). To remind, the previous S19 model had a hashrate of up to 95 TH/s.
The announcement additionally disclosed that the new Antminer T19 would go on sale on the producer’s official website from June 1. Shipments would, however, start going out between June 21 and 30. Also, the Antminer T19 has a price tag of around $1,750, while S19 came at the cost of $1,785.
Furthermore, the company noted that regulations were in place to prevent the hoarding of its latest devices. It explained that it would ensure this by allowing a user to only purchase up to two Antminers.
Bitmain Antminer Issues
Bitmain affirmed that T19 would have the same generation of chips as in the S19 and S19 Pro models. Moreover, it would have increased efficiency compared to the T17 model.
The report went on to reveal that Bitmain’s S17 and T17 Antminer models had shown a high failure rate of 20-30% as compared to around 5% usually. “Comparing with the previous Antminer T17, the T19 greatly improves performance, allowing miners to achieve better efficiency and earnings,” the company also noted.
Bitmain further stated that the new T19 model would improve its hardware. Besides, the company was also paying close attention to the Antminer issues of some products, especially from the S17 series. To that end, it has begun to negotiate solutions with customers who have encountered issues with the product.
Incidentally, the world-leading mining hardware producer is currently entwined in an ongoing struggle with Micree Zhan, its ousted co-founder.
Bitmain, however, continues to perform well despite these distractions. The firm recently partnered with the US-based Core Scientific to allow North American miners to get certified to repair mining equipment, without having to travel to China. Also, it has been able to hold its own against competitors as many mining firms have been ordering massive amounts of Antminer to strengthen their miners. Notably, Bitmain’s closest competitor is MicroBT with its Whatsminer M30S+ and M30S++ models.