Bitmain Releases Low-cost Version of Antminer S9

Chinese leading mining devices maker Bitmain announced on Monday 17 the launch of the Antminer S9 SE, a low-cost version of its most popular mining rig.

The Antminer S9 SE has been developed for individual miners with a tight budget who do not wish to invest too much money in their mining equipment.

The device went on sale yesterday for $350. Bitmain only allows the purchase of 10 devices per order.

The miner works with the SHA-256 algorithm (BTC and BCH) at 16 terahash per second (16TH/s). Its consumption is 1,280 W, reaching a power efficiency of 80 joules per terahash (J/TH).

The first orders are expected to be shipped between July 21-31.

U.S. users will have to pay more than other buyers as a result of Donald Trump's tariffs on Chinese products. They will have to pay an additional 2.6% tax as well as an extra 25% import tax.

Why it is important

Bitmain announced in March this year it plans to reapply for IPO on the Hong Kong Stock Exchange (HKEx) since its previous application had already expired.
The Chinese mining giant also announced in March it intends to launch new ASIC miners before the next bitcoin halving, scheduled for May 2020.

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