The company MicroBT has released its series of miners with a hashing speed of 100 TH/s. It seems to mark the beginning of a competitive struggle with Bitmain.
The ASIC manufacturer, MicroBT, has announced its new bitcoin mining equipment with a hashing speed of 100 terahashes per second (TH/s). This product is a clear sign of the escalating competition among major ASIC manufacturers. All of this is happening amidst the pre-orders for Bitmain’s leading S19 Antiminers.
The updated lineup of bitcoin miners includes:
- MicroBT M30
- MicroBT MS30S++
- MicroBT MS30S+
The technology was showcased to 4,000 attendees during an online launch event on April 17th.
The flagship device (model ++) can deliver 112 TH/s with an efficiency of 31 J/TH. Meanwhile, the M30S+ operates at a speed of 100 TH/s with an efficiency of 34 J/TH. These miners are being sold at prices of $3,900 and $2,800, respectively.
Additionally, the company has extended the warranty period for the devices from 180 days to 365 days.
Even amidst the challenges posed by the coronavirus and shipping delays, people are not deterred, and the top-notch equipment has already been sold out.
Growing competition between MicroBT and Bitmain
In late February, Bitmain introduced its S19 series of ASICs, and the first batch of devices was sold out within 24 hours of going on sale.
The Antminer S19 Pro boasts a hashing speed of 110 TH/s with an efficiency of 29.5 J/TH, while the standard S19 generates 95 TH/s with an efficiency of 34.5 J/TH. These devices are being sold at prices of $2,650 and $1,970, respectively. However, shipment from May to June was delayed due to COVID-19.
MicroBT was founded in 2017, and its CEO is Yang Zuoxing, a former employee of Bitmain. Yang claims to have been the team leader for Bitmain’s Antminer series, including its popular S7 and S9 series.
By 2018, the company had sold approximately 90,000 units of M1 and M3, which accounted for around 7.2% of the total BTC hash rate at that time. Over the next 12 months, the company sold an additional 300,000 units of M3, increasing its hash rate share to 9%.
In May 2019, MicroBT launched the M20 series, selling 600,000 units and securing a 35% share of the hash rate by the end of the year.