Categories: NewsTechnology

Bitmain Technologies Unveils First Commercially Available 16nm Bitcoin Miner

Beijing-based bitcoin mining hardware manufacturer Bitmain Technologies has launched the new Antminer S9. The S9 is the first 16nm commercially available bitcoin mining device. Prior to today’s S9 launch, only private mining firms had access to 16nm-based bitcoin mining devices.

According to the order page, the S9 currently retails for $2100 per unit, and there is a 5-unit cap for each user on the first production batch. Bitmain has also disabled bulk-order discounts due to the limited production run of the S9. The company also states that the price of the S9 is not static and will be adjusted in the future according to numerous metrics:

“The price of bitcoin mining machines must be adjusted frequently according to many factors, including BTC/USD exchange rate, the network difficulty, and expected difficulty increase.”

While Bitmain Technologies is now accepting orders for the new miners, the company plans to start shipping the devices on the 12th of June. The S9 is capable of producing 14TH/s and its power consumption is advertised at 1375W. The new miner is rated at a power efficiency of 0.098 J/GH, which Bitmain says is “the most efficient machine available to the bitcoin mining public.”

“This Antminer S9 is not only the first 16nm miner for retail use but using less than half the energy per gigahash of the S7, but it is also our most powerful miner to enter mass production.”

Related Post

At the current difficulty level of the Bitcoin network, assuming a 25BTC block reward: the S9 will produce approximately 1.0752 BTC per month. However, the block reward will be dropping to 12.5 sometime in July, which will effectively lengthen the time it takes for miners to recoup their investment in the S9.

The S9 will be shipped standalone and miners will be required to provide their own power supply unit.

 

Apple users can now download the app of The Merkle in the App Store!

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

Share
Published by
Traderman

Recent Posts

Shiba Inu Price Up 5%, Gemini Adds SHIB to Its Platform

Shiba Inu price is up 5% today, peaking at $0.00005592 with a low of $0.00005235.…

18 mins ago

5 Metaverse Coins Valued Under $100 Million

With metaverse applications being the next big trend in crypto, there are still a lot…

3 hours ago

The Work From Home Revolution Has Arrived

With many employers and employees acknowledging the feasibility of remote work, the possibility of it…

10 hours ago

WAX Price Up 44%, Increased User Adoption Signals Growing Interest in the Platform

WAX price is up over 44% today, making it the biggest gainer on Crypto.com. With…

19 hours ago

5 Underrated Metaverse Coins With Great Long Term Potential

Metaverse coins are all the hype these days, with coins like Decentraland and Axie Infinity…

23 hours ago

Ankr Price Up 11% Amid Binance Listing and Polkadot Parachain Integration

Ankr price is up over 11% today, making it one of the biggest gainers on…

1 day ago

This website uses cookies.