China-based Bitmain, the world’s largest Bitcoin mining equipment manufacturer, is set to launch a new, more efficient Bitcoin miner, a source familiar with the matter told The Block.
The miner is designed on the latest 5-nanometer (5-nm) chip technology, which is faster and takes less energy. It boasts a computing power of 150 terahashes per second (TH/s) with an energy consumption of 3.1 kilowatt-hours (kWh), the source said.
Colin Wu, a former communications manager at Bitmain who now operates the crypto media outlet Wu Blockchain, first tweeted about the new miner dubbed S19XP.
Bitmain will announce S19XP at its mining conference in Dubai this week, the source told The Block, adding that the company has already been pitching the latest machine to its VIP customers recently.