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HomeTechnologyBitmain unveils its high-performance, low-energy Bitcoin Mining Rig

Bitmain unveils its high-performance, low-energy Bitcoin Mining Rig

Bitmain, a Chinese chipmaker, has debuted liquid-cooled mining machines. The S19 XP HYD is expected to be one of the most energy-efficient models in the company’s history. Liquid cooling is used in the new mining rig. According to reviewers, it is the most energy-efficient model of mining equipment from this manufacturer. These hydro cooling systems are designed specifically for Bitmain containers.

The “Antminer S19 XP Hyd” is the name of the recently announced mining rig. According to Bitmain’s website, it has 255 terahashes per second (TH/s) of computing power and 20.8 joules per terahash (J/T) of power efficiency while using 5,304 watts. The machine uses a liquid cooling system to dissipate heat from the gadget, which involves a coolant running via pipes. The cooling rigs will be available for purchase in the first quarter of 2023 for just under $20,000 each. Furthermore, this new model’s energy efficiency exceeds Bitmain’s previous best rig, the Antminer S19 XP. Bitmain has also announced the launch of the ANTSPACE HK3, a new bitcoin mining container that can hold up to 210 machines and consumes up to 1 megawatt of electricity. Bitmain has recently introduced steps aimed towards long-term bitcoin mining.

As part of the joint venture, Bitmain will build up to 500 MW of clean digital mining infrastructure at Merkle Standard’s hydro-powered facilities in Eastern Washington. Furthermore, through a partnership with Allrise Capital, the Beijing-based chipmaker has acquired a big stake in one of America’s major crypto-mining operations. Bitmain’s market expansion in the United States could be aided even further by this action. According to mining data, Bitcoin mining metrics have witnessed some interesting trends in recent months, with the Bitcoin hashrate increasing by more than 15% in a week as processing power rapidly climbed.

Meanwhile, last October, Block Inc. CEO Jack Dorsey disclosed that the company was looking into developing an open-source bitcoin mining system based on bespoke silicon to lower entry barriers for both corporations and individuals. Block’s general manager for hardware, Thomas Templeton, stated in January that the intended approach would boost bitcoin mining efficiency and provide other benefits.

Read more: EU vote on crypto market to determine legal status of bitcoin mining

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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