Digital Currency Revolution Series: Bitmain Unveils Crypto-Mining ‘Antminer’

The Chinese manufacturer of Bitcoin mining super computer, ‘Bitmain’ has, with authorization, unveiled the sale of its latest ASIC-based SHA-256 miner, the Antminer T19. 

The renowned crypto-giant, Bitmain, officially announces the launch of ‘Antminer T19’ which happens to be the 3rd model released from the latest generation of Antminers developed by the company. 

The current block reward of 12.5 bitcoins reduces to 6.25 bitcoins and hash-rate hits all-time highs. Hash-rate has increased by 31% in the lead up to the 2020 halving, meaning miners have increased block production in anticipation of the supply-side event.

The Bitcoin hash rate spiked to 267 Billion Gigahashes per second on May 3rd, 2020, in the lead up to the block reward halving event. An average of 144 blocks are mined every day which means approximately 1,800 new bitcoins are generated every 24 hours.

The T19 is equipped with a hash rate of 84 TH/s ± 3% and has a power efficiency of 37.5 J/TH ± 5%. Bitmain further claimed that the Antminer T19 is housed with the same generation of custom-built chips found in the Antminer S19 and S19 Pro. 

Chinese extensive approach for the blockchain onto the mainstream adoption and for their domestic cryptocurrency or central bank digital currency (CBDC), signifies their commitment to the cryptocurrency mechanism.

Huang Qifan, the vice chairman of the China International Economic Exchange Center, had announced the name of the digital currency to be launched by the People’s Bank of China, DCEP (Digital Currency Electronic Payment, their native cryptocurrency) in the recent past. 

For now, the reputed Chinese crypto-mining giant ‘Bitmain Technology Holding Company’ has made abuzz by launching the sale of its latest ASIC-based SHA-256 miner.