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Chinese bitcoin mining giant Bitmain launches sale of 84 TH/s Antminer T19.

The Chinese crypto mining hardware producer Canaan, which currently has a market cap of over $1.3 billion, is venturing into
The Chinese crypto mining hardware producer Canaan, which currently has a market cap of over $1.3 billion, is venturing into Bitcoin mining.

Bitcoin mining machine manufacturer giant Bitmain launched the sale of its latest ASIC-based SHA-256 miner, the Antminer T19. According to the official announcement from Bitmain, the Antminer T19 is the third model released from the latest generation of Antminers developed by the company. The T19 is equipped with a hash rate of 84 TH/s ± 3% and has a power efficiency of 37.5 J/TH ± 5%. Bitmain further claimed that the Antminer T19 is housed with the same generation of custom-built chips found in the Antminer S19 and S19 Pro.

“Antminer T19 allows miners to achieve better efficiency and earnings.”

The Chinese bitcoin mining machine maker giant Bitmain wrote in its blog that comparing with the previous Antminer T17, the T19 greatly improves performance, and allow miners to achieve better efficiency and earnings. The Antminer T19 also utilizes the new APW12 power supply and upgraded firmware, that offers faster start-up speeds for an optimized mining experience. Miners can expect the latest technologies found in the new model and begin selling on the official website on June 1, 2020, at 11:00 (GMT+8), with a shipping date from June 21-30, 2020.

The internal power struggle continues Bitmain.

There has been an internal power struggle going in the bitcoin mining machine manufacturer giant Bitmain for quite some time. It all began when Bitmain’s co-founder Micree Zhan was ousted from the company without his consent. Micree Zhan has taken legal action against the company to get back his previous position at Bitmain. As reported earlier, Bitmain recently issued statements confirming that Micree Zhan has been ousted and threatened him and employees that are supporting him with legal action for not complying. Zhan, the company’s former chairman, and the legal representative was removed from his position by a shareholders’ decision in October 2019. The company clarified that ousted chairman Zhan has no right to act as the company’s legal representative or issue notices and instructions to company employees.

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