The manufacturer of ASIC equipment for Bitcoin mining, Bitmain, announced a few hours ago the official launch of the Antminer S19 XP Hyd. This new version of the Antminer S19 XP, as its name suggests, includes a liquid cooling system. This helps its mining power to be almost double that of its previous version.
According to the Bitmain website, their new Antminer is capable of delivering 255 terahashes per second (TH/s) when mining bitcoins. This makes it 25% more powerful than its closest competitor, the Antminer S19 Pro+ Hyd, which is also liquid cooled.
Another aspect that draws the attention of the S19 XP Hyd, compared to the S19 pro+ Hyd, is that it consumes less energy, although it provides a higher hashrate. Its average consumption is 5302W, against the 5445W of its competitor. This makes it a more efficient device and, consequently, capable of providing a greater margin of profitability in Bitcoin mining.
While the Antminer S19 XP Hyd. it is more powerful and efficient than its predecessors and competitors, it is also more expensive. Its price on the Bitmain website is USD 19,890 per unit, almost 25% more expensive than the S19 Pro + Hyd. There the equivalence between hashrate and price when comparing both teams was exact.
According to ASIC Miner Value, a website that evaluates and displays the profitability of mining various cryptocurrencies with a variety of ASIC equipment, it shows that the Antminer S19 Pro+ currently generates around $19.91 in daily profits. Under those expectations, an Antminer S19 XP Hyd. should produce about USD 25 a day. In fact, the profits could be higher if one takes into account that the electrical consumption of the new mining device would be lower. All this based on the price of BTC in the market today.
It is important to note that this Antminer will not only be able to mine bitcoins, but also bitcoin cash, bitcoin SV and all those that share the SHA-256 algorithm.
The new ASIC will arrive in 2023 Does music pay, does it sound?
An old saying goes that "music pays, it doesn't sound". However, in the case of those who buy one of the new Antminer S19 XP Hyd. of Bitmain for Bitcoin mining will have to wait until the first quarter of 2023 to get their hands on the hardware. The question then would be, is it worth buying an ASIC that will arrive, in the best case, within a year?
To answer the previous question, it would be necessary to take into account certain crucial aspects in the profitability of mining. One of them is the volatility of the cryptocurrency market, which directly affects the potential earnings of miners. Bitcoin remains the strongest cryptocurrency in the ecosystem, but this does not exempt it from being prone to sharp price drops.
Another crucial aspect to consider is the hashrate and difficulty of mining. As time goes by, there are more Bitcoin miners, to which is added the advance in technological development that allows the creation of more powerful equipment. All of this results in a constantly growing hash rate on the Bitcoin network; which translates into a greater difficulty of mining. The higher the difficulty of mining, the more it costs miners to get rewards and their BTC earnings decrease.
It is also essential to bear in mind that deliveries of this type of hardware are subject to delays for various reasons. Problems in the distribution chain, government restrictions, scarcity of raw material for manufacturing, natural phenomena, among others, are some of the potential vicissitudes that can affect the delivery time of ASICs.
Although the new Bitmain Antminer ASIC for Bitcoin mining does not offer the same profitability as today when its buyers put them to work, this is still a device that is ahead of the competition for the most powerful ASIC and that represents an advantage over other miners.