#Joules per Terahash

[bitcoinversus]

Hut 8 Corp. Enhances Mining Fleet with Bitmain S21+ Acquisition

Hut 8 Corp., a leading Bitcoin mining company, has announced a significant upgrade to its mining fleet, aiming to enhance operational efficiency and expand mining capacity. The company plans to acquire 31,145 BITMAIN Antminer S21+ ASIC machines, with delivery expected in early Q1 2025. This strategic move is anticipated to increase Hut 8’s self-mining hashrate by approximately 3.7 exahashes per…

[cryptogirl2024]

Ethiopia Rises as a Global BTC Mining Hub With 600 MW Power

Bitcoin mining in Ethiopia draws global interest with 600 MW of power fueling operations.

Government-backed energy expansion is set to boost Ethiopia's Bitcoin mining capacity.

Low electricity costs position Ethiopia as a key player with 2.5% of Bitcoin's hashrate.

Ethiopia is becoming one of the most important players in the worldwide Bitcoin mining market. The country’s lowest electricity cost and the government’s investment in the power sector makes Ethiopia an ideal country for crypto mining. Current trends show that 600MW of energy is being used in Bitcoin mining activities in Ethiopia, with more to follow by the end of this year. 

Government and Industry Support

In an X post on Tuesday, Ethan Vera, co-founder of a leading Bitcoin mining service provider, highlighted the country's increasing role in the cryptocurrency mining sector. Ethiopian Electric Power (EEP), the government-owned electricity supplier, has endorsed Bitcoin mining with an existing operation using 600MW. 

In particular, the energy provider shared intentions to further expand the capacity by several hundred MWs in the following months. Ethan Vera recently visited several mining farms in Ethiopia. Others from the industry and Ethiopian government officials were present during Vera’s visit. 

Ethiopia's mining operations mainly use mid-generation mining rigs with Antminer S19J Pro and Avalon A1346 models. These machines have a hashrate capacity of approximately 100 TH/s (Terahashes per second). All of the units have an energy efficiency of 30 joules per terahash (J/TH).  

Vera further said that because the country's electricity costs are very low, it is an appropriate place to operate these mining rigs. Low power costs make mining more efficient, and thus, Ethiopia has an advantage over other countries.

Related:

With the current energy of 600 MW, the total hashrate capacity of Ethiopia is believed to be approximately 19 EH/s. This is equivalent to 2.5% of the overall hashrate of the Bitcoin network worldwide. Ethiopia’s hashrate increase has attracted investors and miners from across the globe.

Chinese Investor Interest

Bloomberg had earlier highlighted that Bitcoin mining had picked up in Ethiopia, with Chinese investors showing keen interest. This interest comes after China banned Bitcoin mining in 2021, and many Chinese companies in the mining industry had to find new locations. Due to cheap energy and government encouragement, Ethiopia has become an ideal location for these operations.

Ethiopia is still increasing its energy capacity for Bitcoin mining. Therefore, further growth of the country’s hashrate of the global Bitcoin is expected by the experts. Ethiopia is on the path of becoming one of the largest cryptocurrency mining nations in the world due to government support and cheap power.

[coinmystique]

Bitmain rolled out its next-generation Antminer S21 and S21 Hydro ASIC miners on the World Digital Mining Summit (WDMS) in Hong Kong on Sept. 22, revealing the essential efficiency stats the complete trade has been ready for. The S21 has a hash fee of 200 terahashes per second (TH/s) and an effectivity of 17.5 joules per terahash (J/T), whereas the S21 hydro hashes at 335 TH/s and 16 J/T, which is notable provided that till not too long ago, most Bitcoin ASICS have been working above the 20 J/T stage.With electrical energy prices persevering with to rise year-over-year and the Bitcoin halving projected to happen in April 2024, ASIC effectivity is shortly changing into the paramount focus of miners, and lots of are additionally pivoting towards folding in renewable vitality sources as a core part of their operations.Bitcoin miners concentrate on effectivity and renewable vitalitySustainable growth within the mining trade was a core theme mentioned in a majority of the panels on the WDMS. Within the opening roundtable, group members from Terrawulf, Core Scientific, CleanSpark and Iris Vitality shared their views on how additional integration of renewable vitality sources will grow to be a essential technique to implement for a lot of miners after the April 2024 Bitcoin provide halving.Bitmain World Digital Mining Summit. Supply: CointelegraphIn response to Nazar Khan, Terrawulf’s chief working officer:“There’s a significant transition going on in the supply side of the generation process; there’s a concerted effort to decarbonize the entire supply stack, and so when we talk about Bitcoin miners consuming more renewable energy, that’s part of a broader theme that’s happening across the United States without Bitcoin mining as well. The role that we play is locating our Bitcoin mining loads in places where that’s happening and how do we facilitate that decarbonization process.“One impact of the upcoming supply halving is that miners will maintain the same capital and operational costs, plus the need to pay down any revolving debts, while essentially seeing their block reward distribution cut in half.For this reason, miners will either need to increase the percentage of their hash rate derived from sustainable energy sources or make efficiency adjustments to their ASIC fleet to maintain or increase their profitability.Regarding the rollout of the Antminer S21 and its potential impact on the mining industry, BMC founder Justin Kramer said:“The S21, if reliable, fairly priced and readily available — and yes, that’s a lot of ifs with Bitmain’s history — could revolutionize the crypto mining landscape with its efficiency. It is basically packing the power of two S19 100T miners into one unit. Despite this, the burgeoning aftermarket firmware market, coupled with hydro/immersion systems, give miners more tools to keep older generation miners, such as the S19, profitable also. Thus, while the S21 represents a notable advancement, it may not render sub 110 TH/s miners entirely obsolete.”When requested about what else caught this eye from the S21 launch, Kramer famous that:“I like that Bitmain is rewarding environmentally friendly mining farms with better pricing and advanced delivery with their new Carbon Neutral Certificate. But, I’ll add that, it was a little surprising when I noticed that both new S21 models offer 33% more hash rate (S21 200T versus 151T on S19j XP; S21 hydro is 335T versus the S19 XP Hydro at 257T). Is this a coincidence? I’m doubtful, and it likely signals more of the same systematic model releases from Bitmain where a slight tweak to the firmware and maybe a few other items that are adjusted results in a moderate increase in hash rate and a brand-new miner.”Bitcoin is en path to changing into an ESG assetA theme of the previous few years has been a rise in Bitcoin miners and BTC advocates pushing again in opposition to the assertion that Bitcoin mining is unhealthy for the setting, and that the trade’s reliance on carbon-based vitality manufacturing accelerates emissions.Countering this angle, Hong Kong Sustaintech Basis professor in accounting and finance, Haitian Lu, bluntly introduced that:“Bitcoin mining is promoting renewable energy adoption in many areas.”Lu defined that “over the years, Bitcoin mining has become more efficient and is also using cleaner energy. History tells us that human development from an agricultural society to industrialization to the future of a digitalized economy goes with every increasing energy consumption per capita. What makes the difference is human’s ability to use renewable energy increases, thus achieving sustainable development.”Just like the views shared by different panelists, Lu mentioned that Bitcoin miners’ participation in demand response agreements with energy producers and distributors results in vitality grid effectivity, and so they “provide an economic incentive for the development of renewable energy “promotion and development of renewable energy projects.”Along with Bitcoin mining tapping into stranded vitality, encouraging the event of renewable vitality tasks and serving to to steadiness electrical grids, the effectivity developments of next-generation ASICs just like the Antminer S21 scale back miners’ vitality consumption whereas additionally permitting them to spice up their income.Supply: https://cointelegraph.com/information/bitcoin-miners-focus-on-efficiency-renewable-energy-at-world-digital-mining-summit

[viperallc]

Comprehensive Review of the IceRiver KS5L (12Th): In-Depth Analysis

Introduction to Kaspa Mining Evolution

The landscape of Kaspa mining is witnessing a remarkable transformation with each passing day, as the introduction of innovative mining machines caters to the burgeoning demand from an ever-growing miner community. Amidst this dynamic backdrop, Ice River emerges as a frontrunner, carving a niche with its state-of-the-art mining solutions. The latest marvel to enter the fray is the IceRiver KS5L, a miner that promises to redefine the benchmarks of efficiency and performance in the Kaspa mining domain.

IceRiver KS5L: Spearheading Innovation

The IceRiver KS5L stands out as a pinnacle of mining technology, engineered specifically for mining Kaspa cryptocurrency. This ASIC miner leverages the kHeavyhash algorithm, ensuring top-tier security and swift transactions — essential attributes for gaining a competitive edge in the Kaspa mining arena.

Core Specifications: A Closer Look

Boasting a formidable hashrate of 12 terahashes per second (Th/s) and a power consumption of 3400 Watts (W), the KS5L epitomizes efficiency with a rate of 283.3 joules per terahash (j/Th). This efficiency not only surpasses previous models from Ice River but also sets a new standard in the mining hardware industry. Its physical dimensions are meticulously designed to optimize space, and its operational noise level is finely balanced for user convenience.

Dive into the specifications of the IceRiver KS5L given below

Distinguished Features: Setting the KS5L Apart

The IceRiver KS5L is replete with features that cater to the nuanced needs of Kaspa miners:

Unmatched Hash Rate Performance: With a hash rate of 12 Th/s, it stands as a beacon of power in the Kaspa mining landscape.

Durability and Robustness: Constructed with high-quality components, the KS5L is built to last, embodying the essence of reliability and strength.

Advanced Cooling System: Its sophisticated cooling technology ensures sustained performance, mitigating the risks associated with overheating.

Energy Efficiency: The KS5L’s crowning feature is its energy efficiency, offering unparalleled output relative to its power usage.

Comparative Analysis: IceRiver KS5L Versus Peers

Concluding Thoughts

The IceRiver KS5L emerges as a premier choice for Kaspa mining aficionados, promising not just exceptional performance but also remarkable energy efficiency. Its advantageous hash rate to power consumption ratio is a testament to its superiority, ensuring that it stands out as a preferred option for those deeply embedded in the Kaspa mining ecosystem. With the IceRiver KS5L, miners are not just investing in a machine; they are investing in the future of Kaspa mining.

This exploration of the IceRiver KS5L encapsulates its potential to revolutionize the Kaspa mining industry, offering a detailed perspective for those at the forefront of this exciting technological frontier.

M.Hussnain Visit us on social media: Facebook | Twitter | LinkedIn | Instagram | YouTube TikTok

[bitcoinversus]

Report: Bitmain Leads Bitcoin Mining ASIC Market

"...the main factor impacting the pricing of an #ASIC machine is its #energy efficiency... The lower the J/TH ratio, the higher the price of the machine. Conversely, the higher the J/TH (i.e., the less efficient the machine), the lower the price."

Bitcoin mining is a highly competitive industry where ASIC manufacturers compete for dominance. The top three manufacturers by market share areBitmain, MicroBT, and Canaan. ASIC MARKET OVERVIEW CompanyLocationFoundryModel ExampleMarket %EstimateBitmainBeijingTSMCS19Jpro60%MicroBTShenzenSamsungM66S+20%CanaanHangzhouSMICAvalon Miner 136610% Bitmain remains the dominant leader in the ASIC market…

[metamoonshots]

[ad_1] Famend Bitcoin Software-Particular Built-in Circuits (ASIC) producer Bitmain has made a big announcement by unveiling its newest air-cooled bitcoin miner, the Antminer T21, set to hit the marketplace for transport in January 2024. ANTMINER T21 World Premiere！ An enormous hit of T21！ 19J/T 190T Adjustable from NEM to HEM Tolerant to ambient temp. 45°C！ Versatile cost Value safety Contact BD for extra particulars pic.twitter.com/6HVWC1NsEc— BITMAIN (@BITMAINtech) October 25, 2023 The worldwide premiere of the Antminer T21 occurred on the Blockchain Life 2023 Forum in Dubai, the place Bitmain held the title of “diamond sponsor.” This new miner, introduced through Bitmain’s official Twitter account on October 26, marks a milestone on the planet of bitcoin mining hardware. Antminer T21 Options What units the Antminer T21 aside is its means to effectively function in high-temperature environments, with a capability to resist ambient temperatures of as much as 45 levels Celsius, according to the corporate’s head of selling, Xmei Lin. The Antminer T21 isn't just an innovation in cooling expertise; it additionally boasts spectacular technical specs. This mining system, scheduled to start transport in January 2024, is designed for mining proof-of-work (PoW) digital property using the SHA256 mining algorithm. This contains Bitcoin and its forked counterparts, Bitcoin Money and Bitcoin SV (BSV). The Antminer T21 affords a considerable computing energy of 190 terahashes per second, coupled with an power effectivity ratio of 19 joules per terahash. Supply: X Bitmain Miner T21’s Safety Plan To boost the attraction of the Antminer T21, Bitmain has launched a singular providing to potential consumers. Clients buying the T21 have the choice to enroll in Bitmain’s value safety plan, designed to safeguard miners from antagonistic value actions. This safety plan, accessible till November 25, 2023, offers protection for one, three, or six months, relying on the shopper’s choice. Ought to the BTC value fall under a predetermined threshold inside the protected interval, clients will obtain compensation in money, with fast cost upon the triggering occasion. A Flood of Miners The introduction of the Antminer T21 highlights Bitmain’s commitment to delivering cutting-edge expertise to the mining neighborhood. This comes in opposition to the backdrop of an ever-evolving ASIC mining business that has seen new entrants like Canaan, MicroBT, and Bitfury. Canaan, specifically, was one of many pioneers in introducing bitcoin mining ASICs again in 2013, revolutionizing hashing energy in comparison with conventional GPU and CPU setups. Apparently, on October 26, Canaan additionally launched its sustainable A1466 and A1466I miners within the Center East, that includes liquid-cooled and air-cooled choices. Regardless of the innovation and competitors inside the ASIC mining sector, it's dealing with pricing challenges. The value per terahash of ASIC miners declined considerably, dropping by greater than 80% from its peak in 2021 as new miners flooded the market. The publish Bitmain Launches Antminer T21, Ready to Ship in January 2024 appeared first on Bitcoin News. [ad_2]

[blockchainfeed]

Bitmain, a leading bitcoin mining rig manufacturer, has introduced the newest addition to its Antminer products: the S21 series. The newest models have an efficiency rating under 20 joules per terahash (J/T) and produce between 200 terahash per seco #Blockchain #Crypto

[shivani-verma]

What is BITMAIN ANTMINER S19J XP (151TH)?

The BITMAIN ANTMINER S19J XP is a high-performance Bitcoin miner with a a hash rate of 151 TH/s and a power efficiency of 21.5 J/TH, making it one of the most efficient miners on the market. The S19J XP also has a power efficiency of 21.5 joules per terahash (J/TH), which is the best in the industry.

Here are the key specifications of the BITMAIN ANTMINER S19J XP (151TH):

Hashrate: 151 TH/s

Power consumption: 3247 watts

Power efficiency: 21.5 J/TH

Noise level: 75 decibels

Dimensions: 400 x 195 x 290mm

Weight: 14900g

Fan(s) : 4

Voltage : 220-277

The S19J XP is a very profitable miner. It uses SHA-256 Algorithm and can be used to mine Bitcoin cryptocurrency.

[thetopbestguide]

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen…

[rnewspost]

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen…

[bitcoinversus]

NerdQAxe++ Achieves 4.8TH/s with 6-Layer PCB Upgrade

The NerdQAxe++ has undergone a significant upgrade, transitioning from a 4-layer to a 6-layer printed circuit board (PCB). All photos belong to Thomas Shufps This enhancement has resulted in a stable hashrate of approximately 4.8 terahashes per second (TH/s) while maintaining power consumption around 76 watts, equating to an efficiency of about 15.8 joules per terahash (J/TH). The improved…

[mubashirnews]

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen…

[marketingstrategy1]

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen…

[cryptonews256]

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen…

[metamoonshots]

[ad_1] Bitcoin mining is on the coronary heart of the digital gold rush and it's a essential course of that underpins all the cryptocurrency ecosystem. Bitcoin miners validate transactions, safe the community, and, within the course of, earn newly minted Bitcoin. The World Digital Mining Summit (WDMS) stands as a beacon of innovation and collaboration inside this dynamic house. The current World Digital Mining Summit (WDMS) witnessed a groundbreaking second for the Bitcoin mining business as Bitmain, a distinguished participant, unveiled its extremely anticipated Antminer S21 and S21 Hydro ASIC miners. These state-of-the-art mining machines have set new business requirements for each efficiency and vitality effectivity. The Antminer S21 boasts a powerful hashrate of 200 TH/s and a unprecedented effectivity ranking of 17.5 J/T (joules per terahash), whereas the S21 Hydro delivers a outstanding hashrate of 335 TH/s with an effectivity of 16 J/T. These statistics mark a major departure from the historic norm the place most Bitcoin ASICs operated above the 20 J/T threshold. What makes these ASIC miners actually revolutionary is their unwavering concentrate on vitality effectivity. In an atmosphere the place electrical energy prices proceed to rise, the Antminer S21 sequence presents a glimpse into the way forward for Bitcoin mining. It’s a future the place miners can optimize their operations for max output whereas consuming minimal vitality, reflecting the business’s dedication to sustainability and cost-effectiveness. Effectivity developments and sustainability: One of many key traits that emerged at WDMS was the combination of renewable vitality sources into Bitcoin mining operations. This pattern is pushed by two essential elements: the relentless improve in electrical energy prices and the upcoming Bitcoin provide halving scheduled for April 2024. Miners are aware of the necessity to scale back operational bills to take care of profitability. Rising electrical energy prices have prompted them to hunt sustainable vitality options. By incorporating renewable vitality sources like photo voltaic and hydroelectric energy, miners goal to mitigate the affect of escalating vitality payments and make sure the long-term viability of their operations. Renewable vitality integration isn’t nearly quick value financial savings; it aligns with a broader dedication to environmental duty. In a world more and more targeted on sustainability, miners view renewable vitality as a strategic crucial for making certain profitability and business longevity. Upcoming Bitcoin Halving pose some challenges The looming Bitcoin supply halving represents a formidable problem for miners, because it halves their block reward distribution. To handle this problem, miners have two pivotal decisions: rising their reliance on sustainable vitality sources or making effectivity enhancements to their ASIC fleets. These strategic selections will decide their potential to adapt to the evolving mining panorama, the place effectivity and sustainability are key. In conclusion, the WDMS showcased an business in transition, with Bitcoin miners embracing efficiency-focused improvements and renewable vitality integration. This dedication to sustainability and environmental duty displays the business’s adaptability and resilience. Because the Bitcoin mining ecosystem evolves, it does so with a transparent concentrate on effectivity, profitability, and a greener future. Share this textClassesTags [ad_2]