During a recent conference call with the Dash community, the company claimed that the launch of Dash’s new S19 mining product was a success. Since the S19s were not sold exclusively through the company’s website, but also through Amazon and other third-party vendors, the company claims that the launch was a huge success, with over 30,000 units of the S19 mining machines sold to date.
In a recent survey reported on in local media, “The Straits Times”, local mining hardware manufacturer, HashFast, revealed that it has “received 30,000 orders in total for its new Pro series of S19 blades, its flagship chips for performing bitcoin mining”.
Dash, the privacy-centric cryptocurrency, has been on a roll lately. And while that should come as no surprise to followers of the project—Dash has been making steady gains in the past year. Today, it can be safely said that Dash is one of the most interesting and valuable privacy coins still on the market.
TL;DR Summary:
- Marathon has placed an order with Bitmain for an extra 30,000 miners.
- Once completely implemented, these machines will increase the company’s mining hashrate to 13.3 EH/s.
- The hashrate of bitcoin is constantly rising, and it now stands at 108.89 TH/s.
Marathon Digital, a leading North American crypto mining firm, expects a 30 percent rise in overall operating hashrate in 2022 as a result of a recent purchase of Bitmain miners. According to the company’s statement on Monday, the newly-ordered 30,000 S19j Pro antminers would increase the company’s hashrate to 13.3 EH/s once fully deployed.
Marathon invests $120.7 million in new mining equipment.
Marathon will pay $120.7 million for the 30,000 S19j Pro after signing the deal with Bitmain. These equipment will be delivered between January and June 2022, bringing the total number of mining machines in the business to 133,000. The S19j Pro antminer from Bitmain mines at a hash rate of 100 TH/s.
When fully installed and operating in the next year, these machines will increase Marathon’s hashrate by 30%, according to Thiel, Fred, the company’s CEO.
Increasing our share of the overall network’s hash rate improves our chances of earning bitcoin, and given the present mining environment’s particular advantageous circumstances, we think now is a good moment to add additional miners to our operations. Thiel continued.
Fred Thiel
Since July, the hashrate of bitcoin has increased by 26%.
Notably, since China’s crypto mining prohibition, the Bitcoin network hashrate has dropped considerably. A large number of miners left the network, resulting in a decrease in mining difficulty.
Blockchain.com’s Bitcoin mining hashrate graph
However, the hashrate is steadily rising at the time of writing, indicating that BTC miners from China are starting to find new homes for their equipment. According to Blockchain.com, the bitcoin hashrate was 108.89 million TH/s on August 1. Since July 4, the number has increased by approximately 26%.
Dash’s decentralized payment network has been around since 2014, and it still currently serves as an alternative to the likes of Bitcoin and Litecoin. However, one of the biggest selling points of the network is that it is able to move money around quickly and cheaply, all decentralized. Since its creation, it has gained a lot of support within the community, with many looking to its future as a decentralized cryptocurrency.. Read more about marathon patent group lawsuit and let us know what you think.
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