Bitmain to Release a New ASIC Antminer S19 XP on 5 NM Chip - Review

Chinese insider journalist Colin Wu, who reviews mining and cryptocurrencies, obtained non-public information from Bitmain partners. According to it, the largest provider of cryptocurrency mining equipment was preparing something innovative.

Bitmain is reportedly exploring the possibility of launching a new production line for limited edition Antminer devices. The company unveiled the new model in Dubai this week and is already promoting it to major customers, according to the source.

From July to September 2022, the production of miners made according to the 5 nm process technology will begin. Thus, Bitmain will become the world's first manufacturer in this category. It is assumed that the series of devices will go under the name Antminer S19 XP.

The chips will be manufactured by the world's leading manufacturer, TSMC. The equipment will be able to deliver 140 TH/s with a power consumption of 3,010 W. The energy efficiency will be 21.5 J/TH.

The manufacturer's current flagship Antminer S19 Pro produces 110 TH/s with a consumption of 3,250 W. That is, its energy efficiency is 29.5 J/TH. Even these characteristics are still beyond the reach of competitors, but with the release of 5 nm models Bitmain will become an absolute leader.

However, most manufacturers are swamped with orders at least until the end of next year. There is a global shortage of semiconductor components, making it impossible for companies to meet the growing demand.

Payback and Profitability of Antminer S19 XP

So far we can only guess about the capabilities of the new ASIC. However, we can build a model of profitability and payback based on the declared characteristics.

So, let's assume that the new Antminer S19 XP will cost 20 000 USD at BTC rate of 68 000 USD. Considering its 140 Th/s performance and power consumption of 3 010 W and electricity rate 0,05 USD per 1kW*h, we get that ASIC would bring 52,76 USD per day / 1 583 USD per month. Thus, given the growing complexity of the network, exchange rate fluctuations, outages for maintenance and other factors, this ASIC will pay off in about 360-380 days.

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