Bitmain's latest mining machines sold out on the first day, drawing criticism for delayed shipping around the halving.
Despite a significant pullback in Bitcoin this month, the latest Bitcoin ASIC miner Antminer S19 from the mining hardware manufacturer Bitmain sold out in less than 24 hours after its release, showing strong demand unaffected by market conditions. However, the delivery schedule set by Bitmain has sparked dissatisfaction among the public.
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Sold Out on the First Day of Sale
The world's largest Bitcoin mining hardware manufacturer Bitmain announced on March 23 that it officially opened sales of its latest Antminer S19 series miners in China. According to the official statement, the first phase of sales is exclusively for Chinese customers, with international sales to follow later.
The Antminer S19 series consists of two versions. The base model, Antminer S19, has a Hashrate of 95 TH/s and an efficiency ratio of 4.5 J/TH, priced at around $2,180. The professional version, Antminer S19 Pro, has a Hashrate of 110 TH/s and an efficiency ratio of approximately 29.5 J/TH, priced at around $2,900.
Interestingly, the sales of these miners were not affected by the recent significant Bitcoin price drop this month. According to information from Bitmain's Chinese website, both versions were sold out in less than 24 hours.
Shipping Date Raises Concerns
However, miners who successfully purchased the Antminer S19 claim that the scheduled shipping date is between May 11 and May 20, 2020, coinciding with the Bitcoin block reward halving. This has sparked strong criticism from the community. Jason Urgo, CEO of the social media statistics and analytics company SocialBlade, criticized the company for holding onto these miners before the block reward halving to maximize their own profits before shipping them out to buyers.
Shipping May 11thish. Gee I wonder why you picked that date lol. I thought you guys said you didn't use them yourself first before shipping them? Or is it just to make sure the ones you do have for you get the most out before you ship these. lolhttps://t.co/GNmLiGPHEu pic.twitter.com/0Jvd2H4g1D
— Jason Urgo (@Urgo) March 23, 2020
Despite the rapid sell-out of these miners shortly after release, considering the current price of Bitcoin, the upcoming block reward halving, the price of the S19 series miners, and other mining costs, it will still be challenging for the average miner to generate enough revenue to cover the costs.
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