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- 1 Bitcoin2023 Miami is being held from May 18 to May 20, 2023.
- 2 In the event, ASIC manufacturers announced new mining rig models.
- 3 MicroBT miners will be focusing on high computing power to efficiency.
The Bitcoin mining industry witnessed the launch of new mining apparatuses, with MicroBT revealing three new models under its flagship WhatsMiner M50 series. The company CEO revealed the mining rigs on Thursday, May 18, during the Bitcoin 2023 event in Miami, Florida.
All three mining models were touted to bring their advantages, being powerful to efficient ones. WhatsMiner M53S++, one of the newly launched models, is the most powerful one. The mining rig delivers computing power of 320 terahashes per second (TH/S) and works at the efficiency of 22 joules per terahash (J/T).
Founder and chief executive officer of MicroBT, Zuoxing Yang, reportedly compared WhatsMiner M53S++ with its close competitor from Bitmain. The latter’s Antimer S19 XP Hydro produces a hash rate of 257 TH/s. However, it takes the lead of MicroBT’s miner over efficiency, given the efficiency of 20.8 J/T.
Out of the three, the other two models—M50S++ and M56S++—have specifications for air cooling and immersion cooling. Both can deliver computing power up to 150TH/s and 230 TH/s, respectively, with an efficiency of 22 J/T.
In his speech, according to the company press release, Yang emphasized on “surviving” more than “mining.” He cited the energy crisis and issues of global warming. Also stated to find green energy-like solutions for Bitcoin mining operations.
He mentioned examining multiple energy sources. And found solar power a reliable and “decentralized” power source. For complexities like the absence of the Sun, especially during the night time, the miners can use power from the battery. On the front of energy saving and efficiency, Yang also suggested using the extensive heat produced during the mining process. He said collecting about 90% of the heat generated through mining machines can be channeled to space heating, steam industry, hatchery, etc.
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