Is Bitcoin Mining Fading? Take a Look at Canaan, Microbt and Strongu's Upcoming Mining Rigs

Crypto markets are maturing and so is the mining industry with it. A bunch of new mining rigs was announced in 2019 that packed some serious hashrate. Here are a few that are Crème de la crème.

Avalonminer 10 Series

The new A10 is a brand new miner equipped with high Hash-rate at 31 TH/S and low power consumption efficiency at 56W/T. the miner took half a year to be developed and attract buyers. The official WeChat account of the company informed that the new Bitcoin ASIC is expected to deliver a hash rate of 31 TH/s at a power consumption of 1736W.

The company released the first 7nm miner called Avalonminer A9 before Bitmain’s Antimner S15 release. There are also other firms launching 7nm miners and reaching new participants in the space.

Cryptocurrency miners in China are waiting for the wet season in the Sichuan region where there are millions of mining rigs waiting for the cheap an abundant hydroelectricity energy. As there will be new miners connected to the Bitcoin network during the wet season, it will be very important for companies to have the new 7nm miners ready to make help them remain competitive.

Innosilicon Terminator 3 (T3)

Innosilicon has done well over the last year with its mining rigs powered by Samsung’s low power 10nm semiconductor technology. The Terminator 3 model, otherwise known as the T3, can be purchased as well and the first batch of shipments should be delivered by the end of January. The T3 specifications say the machine will mine at 43 TH/s with a power consumption of 2100W, giving the machine a profit of around $0.58 a day. The first batch of T3s are limited, the company’s website explains, and the limited second batch won’t be delivered until March.

Microbt Whatsminer M20S

The MicroBT WhatsMiner M20 is a 12nm ASIC Bitcoin SHA256 miner with integrated power supply and available in a M20V1 version with 48 THS hashrate with 2200W power usage (46W/Th) and 2500W integrated PSU available for $1450 USD, an M20V2 version with 58 THS hashrate with 3364W power usage (58W/TH) priced at about $1500 USD and M20S model with 72 THS with 3312W of power usage (46W/Th) available for $2160 USD.

MicroBT, a Chinese manufacturer that is not very popular like Bitmain outside of Asia apparently, has is soon releasing their new generation M20 SHA256 ASIC miners for Bitcoin and other cryptocurrencies with the same algorithm and it resellers are already taking pre-orders for July delivery.

Live Bitcoin (BTC) Price:

1 BTC/USD =$10,662.1940 change ~ -0.46%

Coin Market Cap

$197.15 Billion

24 Hour Volume

$40.06 Billion

24 Hour VWAP

$10.74 K

24 Hour Change


Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Crypto Exchange Gemini Makes an Aggressive Move, Adds 15 Hot DeFi Tokens

DeFi is all the rage in today's crypto world, and no one wants to be left behind, especially cryptocurrency exchanges. Over the past few months,...

Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per...

KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150...

Crypto Custodian, Anchorage, Adds Support for DeFi Tokens: BAL, NXM, AAVE, UNI, and YFI

Anchorage, the Delaware corporation headquartered in San Francisco, California, and digital asset custodian for institutional investors is diversifying its DeFi token options for its...

Coinbase Wallet Targeted by New Trojan Malware Dubbed ‘Alien’

The Coinbase wallet is among 226 Android applications targeted by a recently discovered Trojan dubbed ‘Alien.’ This malware mostly targets the financial services space...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today