Antminer S19 XP based on 5nm chip design is coming soon

According to reports, the largest supplier of cryptocurrency mining equipment is preparing something innovative.

Bitmain is exploring launching a new production line for the limited edition Antminer equipment. According to sources, the company launched this new miner model in Dubai this week and promoted this miner to significant customers.

From July this year to September 2022, miners manufactured using 5-nm process technology will begin production. Therefore, Bitmain will become the world's first miner manufacturer in this category. At that time, the series of miners will be named after Antminer S19 XP.

The chips used in the Antminer S19 XP will be manufactured by the world's leading manufacturer TSMC. As a result, the miner will surpass other miners with absolute advantages of 140 TH/s power, 3,010 W power consumption, and 21.5 J/TH energy efficiency.

The manufacturer's current flagship Antminer S19 Pro produces 110 TH/s and consumes 3,250 W, which means its energy efficiency is 29.5 J/TH and has led the industry. Even though these features are still beyond the reach of competitors, with the release of 5nm models, Bitmain will become the absolute leader.

However, at least until the end of next year, most manufacturers are overwhelmed by orders. There is a global shortage of semiconductor components, and companies cannot meet the ever-increasing demand.

Antminer S19 XP returns and profitability

So far, we can only guess at the capabilities of the new ASIC. However, we can construct profitability and return models based on the declared characteristics and infer the profitability of the new generation of miners.

Therefore, let us assume that the price of the new Antminer S19 XP is $20,000 and the price of Bitcoin is $68,000. Considering its performance of 140 Th/s, power consumption of 3,010 W, and an electricity bill of US$0.05 per 1kW*h, we believe that ASIC will bring a profit of US$52.76 per day and US$1,583 per month. Therefore, considering the increasing complexity of the network, exchange rate fluctuations, maintenance interruptions, and other factors, this ASIC will pay off in approximately 360-380 days.