Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1

This week, Bitmain launched its newest bitcoin mining machine, which packs a powerful punch with a reported output of 860 terahash per second (TH/s). To place that in perspective, this new rig churns out 81.81% extra hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go method again, it’s a mind-blowing 477,677% extra highly effective than the unique Antminer S1, which hit the scene in 2013.

From 0.18 TH/s to 860 TH/s — ASIC Efficiency Ceiling Nonetheless Out of Attain

On Sept. 7, 2024, Bitcoin’s hashrate hit an all-time excessive of 693 exahash per second (EH/s), based on the seven-day easy transferring common (SMA) from hashrateindex.com. To place that in perspective, it’s equal to 693,000 petahash per second (PH/s) or an astounding 693,000,000 terahash per second (TH/s).

Rewind nearly 11 years to Nov. 2013, and Bitcoin’s hashrate was simply 5 PH/s or 5,000 TH/s. Again then, Bitmain launched the Antminer S1, their first application-specific built-in circuit (ASIC) bitcoin miner, which delivered a modest 180 gigahash per second—simply 0.18 TH/s.

The evolution of Bitmain bitcoin miners from 2013 to 2020. Supply: Bitmain

Just a few months later, Bitmain stepped up its recreation, releasing the Antminer S2, which boosted the hash fee to 1 TH/s. In 2014 alone, the corporate rolled out the S2, S3, S4, and S5 fashions. It was a time when competitors was fierce, with different gamers like Kncminer, Hashcoins, Butterfly Labs, Asicminer, Canaan, and Gridseed vying for a chunk of the motion.

Quick ahead to late 2016 and 2017, when Bitmain unleashed a variety of S9 fashions, with hashrates starting from 10 TH/s to 14.5 TH/s. At its peak, it’s estimated that the S9 sequence powered greater than half of the whole Bitcoin community’s hashrate.

Apart from Bitmain and Canaan, many of the firms talked about above couldn’t stick round within the mining {hardware} recreation. By the point the S9 reached its peak, Antminers had some severe competitors from Bitfury, Innosilicon, Canaan, and Ebit. Again in March 2018, Bitfury’s B8 miner introduced in an estimated $32.54 per day in earnings, operating at round 49 TH/s.

In the meantime, a 14 TH/s Antminer S9 was producing roughly $10.83 per day in March 2018. Quick ahead to September 2024, and with the present hashprice sitting at 0.0438 per TH/s, the once-mighty S9, consuming energy at $0.04 per kWh, is now shedding about $2.70 per day. Powerful instances for the S9.

Bitmain’s Subsequent-Gen ASIC Is Extra Than 81% Sooner Than the Antminer S21 XP Hydro

Soar forward to Bitmain’s newest hydro-powered gadget: the Antminer S21 XP Hydro, which cranks out a whopping 473 TH/s. The one actual rival to this machine is Microbt’s hydro-cooled M63S+, pushing shut with 450 TH/s. However Bitmain didn’t cease there.

Bitmain introducing the brand new Antminer U3S21EXPH which produces as much as 860 TH/s.

This week the agency upped the ante with the U3S21EXPH, which provides a cool 387 TH/s on high of the S21 XP Hydro’s output. This next-generation ASIC is 81.81% sooner than the S21 XP Hydro and an enormous 477,677% extra highly effective than the 2013 S1 mannequin.

- Advertisement -

The Antminer U3S21EXPH specs.

At $0.04 per kWh, the U3S21EXPH is projected to rake in $34.36 in each day earnings. In fact, that doesn’t think about the price of the unit itself. Bitmain is presently promoting older fashions at round $23 to $27 per TH/s, so on the decrease finish, one in every of these next-gen machines may set a purchaser again $19,780.

Whatever the worth, this cutting-edge mining gear exhibits that the zettahash period is simply across the nook. With the leap from 473 TH/s to 860 TH/s, ASIC mining machines haven’t hit a efficiency ceiling but. The true query is: will we ever hit it, or will the fast advances in energy and effectivity simply maintain rolling on?

What do you consider the evolution of Bitmain’s mining gadgets? Share your ideas and opinions about this topic within the feedback part beneath.