MicroBT, a Bitcoin ASIC manufacturer, unveiled its new mining hardware on April 20. According to the company, the hardware possesses a hash rate of 100 terahashes per second (TH/s). The product launch showed that competition is increasing among the major ASIC manufacturers especially after Bitmain’s pre-sale of its S19 Antiminers.
The MS30S++ and the MS30S+, MicroBT’s upcoming M30 series of Bitcoin miners, were unleashed to 4,000 attendees of an online launch event that took place on April 17. The firm confirmed that its first unit (the ++ model) can deliver 112 TH/s at a power efficiency of 31 joules per terahash (J/TH).
The M30S+ purportedly delivers 100TH/s with 34 J/TH of efficiency. Based on official reports, the two new miners will come at a price tag of $3,900 and $2,800, respectively. These devices come with a 12-month warranty compared to the 180-day coverage that was previously offered by MicroBT.
While the manufacturer says that the hardware will ship in June, supply chain disruptions due to COVID-19 have left most of the participants in the crypto community expecting significant delays.
Competition Heats Up Between Bitmain and MicroBT
At the end of February this year, Bitmain introduced its post-halving S19 ASIC series with its first round of units depleted from the supplies within just 24 hours of going on sale.
The Antminer S19 Pro offers a hash rate of 110 TH/s at an energy of efficiency of 29.5 J/TH. On the other hand, the standard S19 generates 95 TH/s at 34.5 J/TH. The units come at a cost of $2,633 and $1,964 respectively. Nonetheless, their shipping has now been delayed from May until June.
MicroBT CEO Yang Zuoixing, a former Bitmain employee, launched the company in 2017. Back then, he purported to have worked as the main director behind the Bitmain Antminer series that comprises of its popular S7 and S9 series’.
The company announced that it had sold almost 90,000 M1 and M3 units by 2018. At the time, the units were estimated to represent almost 7.2% of the entire bitcoin hashrate. Over the coming year, the firm sold an additional 300,000 M3 units; which enabled it to increase its hash rate market share to 9%.
In May 2019, MicroBT unveiled its M20 series selling up to 600,000 units; and accounting for around 35% of hashing power by the end of last year.