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Bitmain’s Antminer 17 Offered Out in Minutes. Will the Bitcoin Hash Fee Increase?

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This post was at first posted by 8btc and created by Lylian Teng.

Bitcoin mining big Bitmain introduced two new Antminer 17 miners to the keen market on September 9, 2019. A working day right before the announcement, data from figures and wallet service provider Blockchain confirmed that the Bitcoin hash rate topped 94 EH/s to hit 100 EH/s.

Bitmain’s New Bitcoin Miners

The two new mining types, the Antminer S17e and T17e, are purported to give the best price in the place. The S17e design provides a hash level of 64 TH/s and operates with a energy performance of 45J/TH, whilst the more spending budget-helpful T17e presents a hash charge of 53TH/s and electrical power performance of 55J/TH. 

The new T17e product features the exact same hash amount as the S17 (which has a ability performance of 45J/TH) by now on sale but at a lower rate giving (with the T17e listed at $1,665 and the S17 at $2,727). Compared to the beforehand most successful S9 products launched in 2017, the present S17 sequence is about 3 periods far more economical.

The corporation also released a payment strategy for shipping and delivery delays. It points out that “if mining devices are not transported soon after a particular period of time of the specified shipping date, Bitmain will compensate shoppers by coupon codes for just about every working day of delay, primarily based on PPS benefits of the mining pool (electrical energy price deducted).”

It looks then that the business is confident about its shipping or that it is retaining or attracting shoppers by coupon payment when shipping and delivery is delayed, taking into consideration that the market has been desperate for cryptocurrency mining rigs considering that the bitcoin rally began in April 2019.

According to Bitmain’s web site, the initially batch of its two new miners, anticipated to be shipped in the first 10 days of November 2019, was snapped up quickly once readily available for sale. About this, some insiders claimed on social media that some massive orders had been placed to the tune of hundreds of hundreds of thousands of yuan, generally from mining farms and resellers who may inventory up and resell these mining rigs when the rate rises.

Bitcoin Hash Fee Boom?

To cater to the raising marketplace desire, bitcoin miner manufacturers have been doing the job tricky on increasing their output. As formerly reported by 8btc, Bitmain has requested 30,000 7nm wafers from TSMC, which could output 90 million chips for about 625,000 models of 7nm miners (assuming all are Antminer S17 styles). It was envisioned that these miners would be delivered by the close of 2019 or all through the first two quarters of 2020, which could maximize the Bitcoin network’s overall hash rate by 33 EH/s.

Aside from Bitmain, other bitcoin miner makers, like MicroBT and Innosilicon, are also growing creation designs on their most current and most powerful miners. In August 2019, an industry insider uncovered to 8btc that MicroBT, the Whatsminer maker, has racked in 700 million yuan from miner sales in a solitary 7 days, which could invest in 35,904 models of its most effective mining equipment, the M20S. A short while ago, Innosilicon has also reportedly obtained a multimillion-dollar purchase for miners from cryptocurrency mining farm Hashbox.

The publish Bitmain’s Antminer 17 Marketed Out in Minutes. Will the Bitcoin Hash Rate Rise? appeared 1st on Bitcoin Journal.