Ever since the coronavirus swept the globe, there have been a lot fewer announcements within the cryptocurrency and blockchain industry. This week the China-based mining rig manufacturer Microbt has unveiled a new Whatsminer series machine that claims to process speeds up to 112TH/s.
Microbt was founded in 2017 and the company has steadily become one of the leading mining rig producers worldwide. The company was launched by the current CEO Yang Zuoxing, a former employee of Bitmain. Ostensibly, Zuoxing was the lead director behind developing the Bitmain’s Antminer series, including the popular S7 and S9 models.
Competition is heating up in the world of bitcoin mining rig manufacturing. Just recently, the Chinese producer Microbt has announced the launch of the M30S++ miner that processes speeds up to 112 terahash per second (TH/s). The news from Microbt follows Bitmain’s announcement at the end of February, which saw the manufacturer reveal two miners with speeds between 95TH/s to 110TH/s.
Microbt’s New Whatsminer Models Claim to Boast Highly Competitive Hashrates
Zhang Wencheng, Microbt’s deputy general manager of Shenma Mining Machinery. Microbt revealed the launch of two machines this week that claim to process hashrates up to 112TH/s.
In 2017 the company introduced it’s flagship mining rigs the M1 and M3 and sold close to 400,000 units. At the time, it was estimated that Microbt Whatsminer series machines powered around 10% of the overall BTC network hashrate. Since then, the team has launched a number of miners and in 2020 the Microbt team is keeping up with the competition with an onslaught of next-generation ASIC devices. This week, the Chinese mining rig manufacturer announced the launch of the M30S++, a machine that claims to boast 112TH/s. Specifications note that the new Whatsminer models have a power efficiency of around 31 joules per terahash (J/TH). The M30S++ device is in direct competition with Bitmain’s S19 Pro, which claims to deliver 110TH/s and power efficiency of around 29.5J/TH.
The specifications for the Whatsminer M30S++ model manufactured by Microbt. The China-based Microbt is a direct competitor with Bitmain and the company’s CEO Yang Zuoxing was a former Bitmain employee.
The 100TH/s Whatsminer Model and Mining Rig Shipment Uncertainty
Further, Microbt has introduced a second model dubbed the M30S+, which produces around 100TH/s and has around 34J/TH of efficiency as well. In addition to the second model, Microbt’s Chen Jianbing, the company’s COO explained that the company would extend warranty coverage for a whole year, as opposed to the prior 180-day coverage. The lower end model (M30S+) will allegedly sell for $2,800 and the higher end (M30S++) machine will sell for $3,900 per unit.
Microbt’s Chen Jianbing, the company’s COO discussing the launch of the new M30S++ and the M30S+ Whatsminer models, alongside the company’s growing sales since 2017.
Even though Microbt’s future shipping dates say June 1 through the 30th, mining operations have complained about mining rig shipping delays due to the coronavirus. Just recently the mining operations Riot Blockchain and Hut8 have been upset about lengthy shipping delays hurting their business model. The coronavirus has made it so mining rigs from the top Chinese ASIC manufacturers like Microbt, Bitmain, and Canaan are considerably delayed and arrival times are uncertain.