April 15, 2022
At the World Digital Mining Summit in Dubai, Bitmain, which is the world's largest maker of application-specific integrated circuit (ASIC) Bitcoin mining rigs, unveiled the most powerful Bitcoin mining machine to date named Bitmain Antminer S19.
Compared to the most efficient and lucrative Bitcoin miners in the market today, the new Antminer S19 XP can produce 140 terahash per second (TH/s) and consumes 27 percent less power per terahash.
The Antminer S19 XP would currently make around $52 per day based on the current Bitcoin price. But that's only for now, the figure will have changed by the time machines are delivered and plugged in late this year.
Bitmain expects to ship the first Antminer S19 XP batches in Q3 of this year, between July and September. With the suspected closure of Bitmain's mainland China plant due to China's crypto crackdown, the company will rely on its Malaysian and Indonesian facilities to produce the S19 XP, thus, it remains to be seen how many devices the business will be able to make in the next year.
But as time approaches, the price will rise. There are two cases. For example, one is that it is April and the futures price for July must be higher than for August. Also, if you place an order for July futures in June, the price will definitely be higher than you place an order in April.
Our advice is that if you have enough capital and know a trusted crypto miner supplier, it’s better to purchase the futures so that you can enjoy the lower prices as well as reserve the quota in advance. Generally, the hot seller model like Antminer S19 or S19 XP will be sold out at the futures stage therefore it is hard to buy them when the spot products come out to the market. Or, you may have to pay a much higher price to buy from a supplier or reseller compared to futures. Then higher price leads to the longer payback cycle based on current coin’s price.
If you would like to learn more about the futures order, please feel free to contact us and consult with our sales experts.
|S19 XP||S19 Pro|
|Efficiency||21.5 W/TH||31 W/TH|
Only the big boys can get their hands on these preorders, of course Publicly listed companies and other major players get priority and a little price cut because they typically buy thousands of miners at once. So don't be surprised if these rigs end up selling for even better prices on the resale market.
While the Antminer S19 XP has impressive specs, the 2-3 months lead times pose a certain risk. Being an early client for any new mining equipment carries additional risk because it is uncertain about the durability and failure rates. Fortunately, judging from the Antminer S19 released in 2020 and the Antminer L7 released in 2021, Bitmain has done a very good job in quality so brand new Antminer S19 XP is also trustworthy.
If you have extra power capacity in late 2022, it may make sense to lock in a price on these S19 XP because the extended lead time corresponds to your infrastructure builds.
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