Bitmain Releases a Low-Cost Version of its Antminer S9 Version SE Rig
- The latest version of the S9 miner clocks in at around 4.5kg and produces a total sound output of 76 decibels (dB).
- The device also comes with three hash boards with approximately 180 Bitmain-designed chips.
- A couple of days back, Bitmain — a highly popular Chinese crypto mining rig manufacturer — released a circular signalling the launch of its latest low-cost miner called the Antminer S9 version SE. As the name suggests, the S9 SE is a cheaper iteration of the company’s original S9 mining rig and offers customers with a 16 terahash per second (16TH/s) block speed and costs only $350 (per unit).
In regards to this entire development, it is worth pointing out that Bitmain’s latest offering works equally well for solo miners as well as larger rig operators. The device went on sale earlier this week and has the ability to process the SHA-256 algorithm (BTC and BCH) at 16 terahash per second (16TH/s). Additionally, the rig consumes around 1280W worth of power — as a result of which it is able to deliver an efficiency of 80 joules per terahash (J/TH).
- As mentioned earlier, the S9 SE is currently being sold for $350 per mining rig.
- In order to stop people from hoarding the device, Bitmain has capped individual orders to 10 miners per invoice.
- Shipping is expected to start in a months time (between July 21-31st to be exact).
- Due to President Trump’s ongoing trade war with China, US residents looking to source the new mining rig will have to pay an additional 2.6% tax as well as a 25% import duty tax on the S9E.
- The release of the S9 SE follows a whole string of other low cost miners released by Bitmain over the last 6-12 months (such as S19 Pro, S17, T17, S15, T15 and S11).
- Since 2016, mining profitability ratios have come down quite a bit. For example, the 2016 version of the S9 still delivers a daily profit of around $0.75 — a figure that was much higher just a couple of years ago.
- In the same vein, it is also worth pointing out that the mining industry has become extremely competitive since the start of 2019 (with the native hash rate numbers associated with BTC and BCH rising quite rapidly).
In closing out this piece, it should be pointed out that BTCs exhash rate currently stands at 54 EH/s while BCHs stands at 2.5 EH/s.