Coin Citadel (CCTL)

[I-Glow]

Bitcoin Halving 2020 Spells Doom for Older Mining Rigs

Bitmain started shipping the Antminer S9, a cutting-edge product in those days, just ahead of the halving in 2016. The popularity of the S9 eventually grew to so much that it alone accounted for more nearly 60% of all mining rig shipments.

That is because mining rewards will be reduced by half, and most miners relying on older rigs will simply be unable to make a profit in the wake of increasing competition. Under said circumstances, they will have no other way but to pull the plug on their obsolete rigs.

Bitmain is also busy rolling out newer models of its popular Antminer ASIC in anticipation of the next halving. The 2019 Antminer lineup consists of models such as the S17, S17 Pro, and T17e that offer hashrates in the range of 50 TH/s to around 65 TH/s. The forthcoming S17+ model will go a step further to deliver 73 TH/S.

Any word from Pillsworth on how he is going to deal with the next Bitcoin Halving?

IG