Bitmain’s S19 Bitcoin Miners Account for Bulk of Network Hashrate, Says New Research


Three fashions of Bitmain mining rigs account for 76% of computing energy on the bitcoin community, in accordance with new analysis revealed by Coinmetrics on Tuesday.

The Antminer S19j Professional accounts for 34.3% of the community hashrate and the S19 for 28.1%, and so they have been essentially the most used machines on the community since March 2021, Coinmetrics discovered. The Antminer S19 XP accounts for one more 13.7% of the community hashrate, mentioned the report. In the meantime, MicroBT’s M50 is beneath the brink of detectability, the researchers mentioned.

The research used a novel methodology to find out which mining machines are used within the bitcoin community by monitoring completely different machines’ fingerprints. Completely different fashions eat differing quantity of electrical energy to provide a given quantity of computing energy.

With newer, extra environment friendly machines being plugged in, the vitality effectivity of the community has additionally dramatically improved by about 60% since July 1, 2018, mentioned the report.

The bitcoin community on common consumes 33.6 joules per terahash (J/TH) of computing energy as we speak, in comparison with 89.3 J/TH on July 1, 2018, the crew discovered. Nevertheless, “the speed of change was extra agressive previously,” mentioned Karim Helmy, one of many authors of the report.

The report additionally discovered that the bitcoin community consumes 13.4 gigawatts (GW) of energy, 13% lower than the generally used index revealed by the Cambridge College’s Centre for Various Finance.

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