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The story behind the ASIC evolution

When Bitcoin mining first started in 2009, it was considered a niche hobby for cryptocurrency enthusiasts. Since then, it’s grown into a billion-dollar industry – with Bitmain leading this growth since 2013. Bitmain’s entrance into the mining market in 2013 saw the emergence of the ‘ASIC era’, as the company sought to bring ASICs to the masses. Specifically designed to mine cryptocurrencies, the demand for ASICs has since continued to grow alongside the advancement of the bitcoin mining industry. BTC mining: from hobby to global industry Back in 2009, the only hardware needed to mine Bitcoin was a simple home…

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Four FAQs answered as the countdown to the Bitcoin halving begins

With less than 100 days to the next bitcoin halving, all eyes are on the world’s largest cryptocurrency.  For crypto enthusiasts, miners and investors, this is considered a significant milestone that will pose a number of considerations to their operations.  What is “halving” and what happens when it occurs? The bitcoin halving or “the halving” is a deflationary mechanism that’s programmed into the Bitcoin network by the cryptocurrency’s anonymous creator, Satoshi Nakamoto, to occur every four years. The event is a function of the bitcoin protocol and is projected to take place in May 2020, which will halve the amount…

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Bitmain Announces Specs for Next-gen Antminer S19 and S19 Pro Coming Soon

SINGAPORE, 27 February 2020 – Bitmain is officially announcing the new Antminer S19 and S19 Pro, two new Antminers offering incredible performance. The next-generation Antminer S19 and S19 Pro come in two variants. The Antminer S19 is equipped with a hash rate of 95 TH/s, while its other variant has a hash rate of 90 TH/s, both variations have a power efficiency of 34.5±%5 J/TH. As for the Pro version, hash rates and power efficiency are further improved. The Antminer S19 Pro features a hash rate of 110 TH/s, while its other variant has a hash rate of 105 TH/s, both…

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