On Monday, June 17, the Chinese mining rig producer Bitmain Technologies introduced the launch of a low-cost miner referred to as the Antminer S9 model SE. The new 16 terahash per second (16TH/s) S9 SE is $350 per unit and the launch celebrates the corporate’s hottest product, the unique S9.
Special Edition S9 With 16 Terahash per Second
Bitmain has launched one more product for solo miners and huge operations, however this explicit Antminer is a low-cost mining rig. The firm introduced the most recent Antminer S9 Special Edition (SE) on Monday and the primary batch went on sale the next day. The new S9 SE specs element that the miner processes the SHA-256 algorithm (BTC and BCH) at 16 terahash per second (16TH/s). The miner takes 1280W from the wall which ends up in delivering an influence effectivity of 80 joules per terahash (J/TH).
“The legacy that forever left its mark in the mining industry — Introducing a Special Edition miner, the Antminer S9 SE which continues that very same legacy,” Bitmain announced on Monday.
The S9 SE is promoting for $350 per mining rig and with the intention to forestall hoarding the corporate has restricted order to 10 miners per order. The first batch of rigs is predicted to ship between July 21-31 on first-paid-first-ship foundation. Of course, U.S. residents should pay greater than the remainder of the world due to the present trade war tariffs initiated by Donald Trump. People delivery miners to the U.S. can pay a further 2.6% tax and a further 25% import responsibility tax. The new S9 SE weighs about 4.5kg and when working the unit places out round 76 decibels (dB) of sound which is a contact louder than conventional dB outputs. According to the specifications, there are three hash boards with roughly 180 Bitmain-designed chips. However, the S9 SE documentation doesn’t reveal what sort of semiconductors are used with the hash boards.
Second Market, Old and Low-Hashrate Mining Rigs
Bitmain’s newest low-cost miner launch follows the slew of next-generation miners the corporate launched over the previous couple of months. This contains the Bitmain Antminer S17 Pro (53TH/s), S17 (56TH/s), T17 (40TH/s), S15 (28TH/s), T15 (23TH/s), and the S11 (20.5TH/s). The newest S9 SE model is extra similar to the Antminer S9 Hydro (18TH/s), however with out the water performance.
The low-cost S9 SE comes at a time when mining revenues have been so good that older and low-hashrate units are profiting. For occasion, the 2016 S9 model with 11.5 terahash per second remains to be profiting by a minimum of $0.75 per day at current prices and at $0.13 per kilowatt-hour (KWh). Coinshare’s newest mining report notes that older S9s are nonetheless being offered on the secondary marketplace for “700 or 800 yuan” or “as low as $150 USD.” Even the older Antminer S7s might nonetheless be profiting because the June 2019 mining report notes:
With Bitcoin costs the place they’re on the time of writing it’s assumed some individuals have turned a minimum of a couple of of those models [S7s] again on.
Moreover, mining has develop into extraordinarily aggressive over the previous couple of months and each BTC and BCH hash charges have been steadily climbing. For instance, in keeping with the analytical knowledge from Charts.Bitcoin.com, there’s a complete of 56.5 exahash per second (EH/s) with BTC capturing 54 EH/s whereas BCH has 2.5 EH/s. The Antminer S9 SE launch exhibits Bitmain is taking a stab at making an attempt to seize consumers on the lookout for older or low-cost machines. With BCH above the $400 worth zone per coin and BTC past the $9K area, any mining rigs processing 11 TH/s or extra are profiting with $0.13 per KWh. Of course, many international locations similar to China ($0.04 to 0.01 per kWh in Sichuan) and Iran ($0.006 per KWh) have far decrease electrical prices than $0.13 per KWh which might make even decrease hashrate producing fashions worthwhile.
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Image credit: Shutterstock, Charts.Bitcoin.com, and Bitmain.