Bitcoin Miner Manufacturer MicroBT Launches 112T M30S++, Competition with Bitmain Upgrades
The China-based mining machine manufacturer MicroBT on April 17 launched its latest WhatsMiner M30S+ and M30S++ models, boasting the hashrate as high as 112 TH/s and a power efficiency at 31 J/T.
The company’s WhatsMiner M30 models continue to present itself as the fiercest competitor to Bitmain’s AntMiner S19 series.
According to specifications revealed at its launch event, the M30S++ could offer a maximum computing power of 112 TH/s with an energy cost of 31 J/T, running neck and neck with Bitmain’s latest flagship S19 Pro which delivers a hashrate at 110 TH/s and power efficiency at 29.5 W/T.
The M30S+ model, which seems to be a competing product to Antminer S19 (95 TH/s, 34.5W/T), claims to deliver a hashrate of 100 TH/s with power consumption ratio of 34 J/T.
Warranty extended to one year
At the launch event, MicroBT, showing great confidence in the quality of their mining machines, announced to extend the warranty of its latest M30 models to one year from a normal 180 days.
In terms of prices, the spot price for an M30S++ is 29,209.6 yuan for Chinese customers and $3,899.84 apiece for clients overseas, and a spot M30S+ is priced at 20,530 yuan for Chinese and $2,740 for clients overseas. By comparison, Bitmain’s S19 Pro stands at $2,633 and S19 priced at $1,964, which, however, are currently not available but future orders with shipping date scheduled during June 1st-30th, 2020, coming after the bitcoin halving event.
Market share keeps rising, 35% by 2019
Since its establishment in 2017, MicroBT has seen significant growth in its miner sales, said Chen Jianbing, the company’s COO.
In 2017, MicroBT launched its first flagship product M1/M3 and sold 90,000 units that contributed to 7.2% of the bitcoin network hashrate; in the following year, 300,000 units of M3 (11.5T) were sold, seeing their hashrate account for 9% of the bitcoin network.
The company was able to remain this growth even as CEO Yang Zuoxing was entangled in the legal issues stemming from his tenure as a Bitmain employee and IP infringement charges. In 2019, the company sold about 600,000 units of its third flagship M20 series (60T at average), and these machines have secured about 35% of the bitcoin network that year.