In September 2023, the cryptocurrency mining industry ushered in a series of major events. The three major miner manufacturers, Bitmain, Microbt, and Canaan, competed to launch high-performance, low-energy-consuming miners, leading the world's m to enter the 1X J/T era.
On September 19, Microbt announced major news that it will release WhatsMiner M60 at the Blockchain Life 2023 event in Dubai on October 24, 2023, fully entering the 1X J/T era. Although detailed performance data about the M60 has not yet been released, Microbt’s long-standing reputation for high-performance miners has made people look forward to the release of this new product.
Previously, Bitmain announced in August that it would release the Antminer S21 Bitcoin miner at the 2023 World Digital Mining Summit (WDMS 2023) hosted on September 22-23. According to sources, the Antminer S21 210TH has a power of only 3150W, while the 250TH has an even lower power of 14.2W/TH. Antminer S21 has become the industry's first miner with an energy efficiency ratio lower than 20J/T. This news has attracted great attention. This performance innovation will bring higher mining efficiency and lower power consumption to miners, and is expected to occupy an important position in the global miner market.
The manufacturer Canaan has launched the Avalonminer A14 series at the ABCD Conference in Singapore on September 12, 2023. The most eye-catching one is the A1466 model, which has a hash rate of up to 150TH/s and an energy efficiency ratio of 21.5J/T. In addition, they also released the liquid-cooled mining machine A1466I, which has a higher hashrate of 170TH/s, while the energy efficiency ratio is lower than 20J/T, at 19.5J/T, and the price is less than US$18.88/T. The release of this series of Canaan products, especially the A1466I with energy efficiency below 20J/T, provides strong support for them to occupy a place in the highly competitive market.
This wave of miner releases shows that Bitmain, Microbt, and Canaan are all continuously working hard to improve the performance and energy efficiency of miners to meet the growing needs of the cryptocurrency mining industry. High performance and low energy consumption have become key factors for miner manufacturers to compete, which will help improve the sustainability of the entire industry and reduce environmental pressure.
However, this competition may also lead to fluctuations in miner prices, affecting small-scale and new miners entering the market. Therefore, the cryptocurrency community and regulators need to pay close attention to these changes to ensure the stability and sustainability of the industry.
In the future, as miner technology continues to develop, miners will be faced with more choices, and manufacturers will continue to strive to launch more competitive products. This will bring more opportunities and challenges to the entire cryptocurrency ecosystem, requiring industry players to pay close attention to market dynamics to make informed decisions.