Bitcoin mining becoming profitable again?

Bitcoin mining earnings last increased tremendously in July 2021 due to a lowered difficulty level and are currently still below the level of May 2021.

The drop in the difficulty level was significantly influenced by the government of China. Because this strived in recent times to ban commercial and private mining farms. As a result, fewer miners participate in the network, causing the difficulty level to drop and earnings to rise.

As a result, many Chinese mining farms have moved to neighboring Kazakhstan and other threshold countries. However, these plants consume so much electricity there that Kazakhstan has decided to ration the available electricity. This makes market participation much more difficult for the old big players from the Far East.

This is a unique opportunity for European and American companies and private individuals in particular in a highly interesting market.

Because not only the profit in Bitcoin mining has increased, but also the prices for popular ASIC miners from e.g. Bitmain and Canaan have dropped significantly and are finally available again in sufficient quantities.

We at millionminer offer Bitcoin, Ethereum and other ASIC miners at reasonable prices. We deliver duty-free to the European Union and the United States.

ByNevio Claas

BITMAIN Antminer S19XP 140TH – Bitmain releases the most powerful Bitcoin ASIC miner ever produced!

At this year’s World Digital Mining Summit 2021 in Dubai, Bitmain, the world’s largest manufacturer of ASIC miners, published the most powerful Bitcoin ASIC miner in the world.
The BITMAIN ANTMINER S19XP has a computing power of 140TH / s and with 21.5 joules per terahash is far more efficient than all previous miners.

In all probability, the first miners will be delivered in the third quarter of 2022.
Since Bitmain does not publish sales figures, it is uncertain how many S19XPs will be shipped at launch. China’s recent crackdown on cryptocurrency mining has forced Bitmain to relocate its factories to other countries. In addition, there is the global shortage of semiconductors, which will make it more difficult for miners to acquire.

In terms of price, the new BITMAIN ANTMINER S19 XP will be around 10,500 USD.

The miner is far more efficient compared to its predecessors. Despite the hashrate of 140TH / s, the new S19XP only consumes 3,010 W. This makes it (21.50W / TH) the most efficient miner in the world.
In comparison, the S19 Pro is at (29.55W / TH).

MillionMiner was there for you and was able to collect some impressions of the new miner:

Bitmain released the Antminer S19 XP at this year’s World Digital Mining Summit 2021.

What do you think of the new Bitmain Antminer S19XP? Let us know what you think on this matter in the comments below!


BladeBit – is XCH Chia Farming still profitable?

With BladeBit, Chia plots can now be created in an extremely short time. Initial reports estimate 5 to 8 minutes per plot. Previously, farmers needed about 5 to 8 hours to plot a k32 plot and about 4.5 hours using a ramdisk.

That now plots could be created within 5 to 8 minutes should unsurprisingly lead to further problems. For BurstCoin, plotting too quickly has already been the downfall in the past.

The Chia Network Blockchain is designed for “proof of space and time”. However, due to these extremely short “plot times”, “Proof of Time” is completely disrupted.

This development also seems to be already evident in the latest price data. So we can remain curious how the Chia Network will react to this new development.