Bitmain Shares 7nm Bitcoin ASIC Mining Specs for New Antminer 17 Series, 50 Trillion Hashrate

The Chinese mining giant Bitmain ha recently announced the specs for its new mining rig: the Antminer 17. According to the company, three new mining rigs are about to be commercially available and they will have a hash rate of more than 50 trillion hashes for second (TH/s).

Such a high hash rate would outpace basically most of the mining rig products that are available today. The products will be shipped from April 8 to 10, and one model will be sent out later.

The new models will include the Antminer S17, S17 Pro and T17. All of them will use the new BM1397 7nm mining chips recently created by Bitmain. This new chip is reported to be considerably more efficient than the chips that the company had so far.

Some of the models which have two variants. The Antminer S17 Pro, for instance, will have a 53 and a 50 TH/s model. The models will have a power efficiency of 39.5 J/TH and 36 J/TH. With power mode on, the power efficiency will be 45 J/TH.

The S17 model will have a 56 and a 53 TH/s model and a similar energy efficiency. In turbo power, they will also spend 45 J/TH and a total of 42 J/TH in normal mode. This is curious as someone would expect the S17 Pro model to actually be faster than the normal S17 model, but this seems not to be what is happening.

Other Mining Companies Have Announced Products

Bitmain is far from the only company which has used the price of Bitcoin to announce new mining rigs. Canaan has also revealed its new Avalonminer 10. This new product has the ability to process 31 TH/s. This means that, with over 50 TH/s, Bitmain has a good chance of outpacing the competition by selling this new miner.

The cost has to be considered, though. If the other companies are able to launch miners which may not be so fast but are much cheaper, they still may retain some of their success in the market and not totally be outpaced by Bitmain’s latest mining rigs.

Another company in the sector, Asic miner, claims that its next devices will process from 44 to 76 TH/s, so they can be strong competitors, too. Their new miner, Whatsminer M10S, is said to have a maximum hash rate of 55 TH/s. However, their model is said to spend more energy than Bitmain’s.

With really fast machines that do not spend so much energy, Bitmain is set to conquest its space in the market once more and repeat the success that the company had in 2017 and at the beginning of 2018.

If you are based in the United States and you want to buy one of these miners, however, you should remember that the U. S.-China trade war has increased the fees for importing products like this one, so you will have to pay extra taxes for it.