The two largest Chinese companies Canaan and Ebang, members of “the Big Three” Bitcoin mining equipment manufacturers, have introduced new models. The parameters and characteristics of application-specific integrated circuit (ASIC) miners have caused bewilderment among experts, who announced the release of the equipment as a “step back”.
The Avalonminer 1146 Pro, manufactured by Canaan, is rated at 63 TH/s (Total hash rate per second) at 52 Joules/hash and 3276 watts.
The equipment will be available from June, the company has not yet revealed the chip, which runs the new flagship and the cost. Ebang’s statement is more informative, the new model E12 + will cost miners $1,500 for 50 TH/s with a consumption of 2,500 watts of power.
The released equipment did not make it into the top 4 miners distributed by Bitmain and MicroBT. With a power consumption of 3200-3400 watts, they deliver performance from 95 TH/s and higher.
The parameters of Antminer 19, which occupy the bottom line of the top 4 performance rating, provide the miner with a minimum profitability of $5 per day. The Avalonminer 1146 Pro will give the owner a minimum of $0.8 at the current Bitcoin price and the same electricity costs.
Unlike Bitmain devices, the MicroBT M30S ++ flagships will not be available until October this year. The company was able to show a similar performance of the equipment with the competitor, which is particularly important in the context of the last halving.
For the first time in the history of cryptocurrencies, the market did not react to the double decrease in the block reward, by increasing the price of Bitcoin. Judging by the drop in volatility, miners should not count on a strong rise in quotations, so mining productivity is essential.
Canaan and Ebang have shown that they cannot compete with industry leaders Bitman, although they received additional multimillion-dollar investments before the halving through an IPO. Both companies are listed on the NASDAQ stock exchange.
It is worth considering the prospect of their shares after Bitmain’s placement there. The company only recently confirmed its plans to go public, but so far it is being held back from issuing shares by a corporate conflict between founders Jihan Wu and Mikri Jean.
