Bitmain launches new Antminer T19, but is it better than the S17 debacle?

pubblicato su by Cryptoslate | pubblicato su

Bitmain's launched its new T19 mining rig yesterday, featuring improved software and efficiency.

The move comes follows last month's incident when miners alleged Bitmain delivered defective rigs and malfunctioning hardware, causing losses for mining operations and a negative experience.

As per an announcement, Bitmain's new Antminer T19 Bitcoin Mining will start selling on June 1.

Mining difficulty would consequently increase, lowering the profitability and steadying the network in the months to come.

Upgrade over the S17. The T19 arrives weeks after Bitcoin miners alleged the S17 was a "Poor" product.

Grusha purchased over 400 Antminer S17+ miners from Bitmain in February 2020, receiving the product after a month due to pandemic-induced shipping delays.

30 percent of the machines experienced various issues, with the miner claiming over 60 machines did not work "Straight out of the box."

In a relevant Telegram group dedicated to discussing miner concerns, Chris Wallin, whose company was not disclosed, said all his units operated at 500 Th/s, a huge reduction to the required 1900 Th/s to mine Bitcoin.

Despite the poor customer response to the specific miner, Bitmain posted jaw-dropping revenues for the first quarter of 2020.

Over $300 million in sales following growth in its Bitcoin mining and new A.I.-focused division.