Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

Two of the top deriving manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both maintain shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per b (TH/s).

The two Chinese ASIC mining rig manufacturers Ebang and Canaan have recently released some new bitcoin mining manoeuvres. Canaan has launched the Avalonminer 1146 Pro (63TH/s), while Ebang has released the E12+ (50TH/s).

Interestingly, both firms are entered on the American stock exchange Nasdaq, while the other two powerful ASIC manufacturing competitors, Bitmain and Microbt, are not communal companies yet. On the flipside, Ebang and Canaan’s new machines do not produce as much hashrate as Microbt and Bitmain’s latest units.

The Canaan Avalonminer 1146 Pro “assault with a hashrate of 63TH/s and power consumption of [around] 3276W,” according to the specifications. The new Avalonminer was announced in June and the price is on the other hand available by inquiry.

Additionally, it’s unknown what size ASIC chips are used in the new Canaan 1146 Pro model. The new Ebang E12+ does sooner a be wearing a price tag displayed on site, as the machine is selling for $1,500 per unit. The E12+ boasts a hashrate of around 50 terahash per right hand and an efficiency rating of around 2500W off the wall.

Now the E12+ has much lower power consumption than the Avalonminer 1146 Pro, but it is 13 terahash youthful, as far as hashrate output is concerned. Canaan’s machine has power consumption rating that is a hair less than the Microbt Whatsminer M30S++, which is a outrageous 3472W off the wall according to stats.

All four of the top SHA256 mining rigs have over 3000W per unit off the go bust enclose, but they all claim to produce 95 TH/s or higher. Bitmain’s Antminers and Microbt’s Whatsminers pretty much offer insincere the hashrate compared to Ebang and Canaan’s new devices.

The Microbt Whatsminer M30S++ and the start iteration of the model M30S offer hashrates between 100-112TH/s, but these devices won’t ship until October. Miners can procure Bitmain models, which are readily available especially on secondary markets. Bitmain’s Antminer two S19s produce 100-110 terahash per aide-de-camp. The Antminer S19 Pro (110TH/s) is the most profitable ASIC device on the market today.

Because Canaan’s pricing isn’t available yet, there are no profitability metrics get ready for by data analytics websites. However, Ebang’s E12+ does show that at current bitcoin (BTC) prices, the new auto is profitable by $0.80 to $2.00 per day. However, the four top machines produced by Bitmain and Microbt are taking in $5-10 per day in revenue, depending on the kind.

As mentioned above, both Microbt and Bitmain have not conform with each other public by selling shares on any principle stock markets. Although last year it was rumored that Bitmain had confidentially allotted for an initial public offering (IPO), which never came to fruition.

Despite the lack of IPO status, these two firms (Microbt & Bitmain) that time have a much larger market share as far as ASIC mining rig sales are concerned compared to Ebang and Canaan. More than that, Microbt has been nipping at the heels of Bitmain, the firm that commands the largest portion of the world’s market allowance for ASIC sales.

Canaan and Ebang have been listed on Nasdaq, but the machines they are releasing are far less dynamic than the competitors’ offerings.

Canaan’s stock isn’t doing well and each share is selling for $2.50 today, as the share is down 7% on Saturday afternoon. Canaan shares are sold under the ticker “CAN” (NASDAQ: CAN) which went on jumble sale on November 21, 2019, and the firm sold $90 million worth of U.S. shares. The CAN shares came out of the gate at $8.99 per slice, which is a massive loss of approximately -72.19%.

Ebang’s shares are doing much better, but they haven’t been bartered on the market for very long. Ebang’s “EBON” (NASDAQ: EBON) came out of the gate at $5 a share on June 26, 2020. The interests touched an all-time high of $5.50 on July 15, but EBON is down -8.59% after Friday’s market attached at $4.57 per unit.

What do you think about Canaan and Ebang’s latest mining rigs? Let us know what you reflect on about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Ebang, Canaan, Asicminervalue.com, Google,