Major crypto miners rushing to launch new gear before BTC halving

Major crypto miners rushing to launch new gear before BTC halving
Written by:
Ali Raza
28th February, 11:29
Updated: 11th March, 08:54
  • As the date of Bitcoin halving approaches, mining giants are rushing to roll out their new mining equipment.
  • The two largest mining gear producers, Bitmain and MicroBT, both announced new gear, although it seems that MicroBT is taking a lead when it comes to launch and delivery.
  • Meanwhile, Bitmain seems to be affected by the coronavirus outbreak, and has yet to announce preorder and delivery dates.

2020 is expected to be a major year for cryptocurrencies, and so far, they did not disappoint, despite recent price corrections. However, according to analysts, the upcoming Bitcoin halving will lead the crypto sector to heights that were never seen before, which is why every crypto project and business out there is trying to do their best to prepare.

When it comes to crypto mining gear manufacturers, they also started rushing to prepare for the upcoming surge, but in their case, it all revolves around rolling out the newest and most advanced mining gear.

One example is Beijing-based Bitmain, which had just launched its new AntMiner S19 and S19 Pro models yesterday, February 27th. The new models will boost computing power to 110 terahashes per second, while the energy cost would increase by 29.5 W/T.

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Bitmain’s specifications indicate that the two new models are the most profitable Bitcoin miners on the market, at least for the moment. However, MicroBT’s WhatsMiner M30S is not far behind, as Bitmain’s main competitor makes its own move to try and dominate the market in such an important period.

McroBT vs. Bitmain

The two firms have been in a heated battle for the bigger share of the mining equipment business. Bitmain used to be the dominant company, but MicroBT started coming dangerously close after selling 600,000 units of its own M20 series last year.

The company launched its flagship M30 models only a few months ago, in December, while it announced that the pre-orders for its latest models have started last week. Deliveries should start early next month, according to what is known at the moment. As for Bitmain, it has yet to announce the pre-orders and delivery date for its S19 models, which caused concern about whether the company can deliver the products on a large scale in time.

It also remains to be seen whether the buyers would be interested in more expensive products, even though they are top-notch technology. Also, it should be noted that the coronavirus outbreak seriously affected China’s manufacturing and logistics business, which caused numerous development and delivery delays.

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