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Regional reports from China highlighted that some of the major Chinese manufacturers of ASIC mining rigs have run out of their stock of next-generation models. The shrinking supply of high-performance machines could be due to the shortage of 7 and 8nm chips from TSMC and Samsung.
Bitcoin miners struggle to obtain next-generation application-specific integrated circuit (ASIC) mining platforms after a number of companies have exhausted their market. Semiconductor giants like Samsung and TSMC have struggled to keep up with the demand that has been sparked by the Covid-19 outbreak.
On September 10, financial journalist Vincent He explained that mining producers like Canaan, Whatsminer and Ebang have “sold out most of their shares this year”. Additionally, the report highlights that Bitmain still has leadership issues and delivery delays.
It is rumored that Innosilicon may release a next-generation ASIC mining device in late 2020 that takes advantage of Samsung’s 8nm chip. Vincent He says that the difficulties currently straining the supply of next-generation mining platforms stem from the shortage of 7 and 8nm semiconductors.
A research paper covering the semiconductor manufacturing equipment market notes that the coronavirus pandemic has caused the industry to grow exponentially, as there has been “increased demand for semiconductors in various applications.” Additionally, the semiconductor industry has seen a transition from traditional wafer manufacturers to those that create Kerfless wafers.
Meanwhile, the Bitcoin (BTC) network hashrate has been considerably higher than usual, as the seven-day average hit 131 exahash per second (EH / s) this week.
Some of the top machines that are recording the biggest profits today include Bitmain’s Antminer S19 Pro, Microbt’s Whatsminer M30S ++, Innosilicon’s T3 +, and Canaan’s Avalonminer 1166 Pro. These high-powered ASIC machines take advantage of semiconductors between 10nm and 7nm.
The report from China also notes that Microbt and Bitmain have sold most of their shares to overseas mining operations. News.Bitcoin.com covered a series of publicly disclosed sales invoked by Marathon Patent Group, Hut8 and Riot Blockchain.
Vincent He points out that with the shortage of next-generation ASICs, older machines are gaining a second life by being sold on secondary markets.
“The second-hand mining machinery market is very active,” concludes the author. “Some great miners [are] choosing to sell the previous generation of second-hand mining machines, such as M20S and T17, [and are] earning a lot of profits. “
What do you think about the shortage of next generation ASIC bitcoin miners? Let us know what you think about this topic in the comments section below.
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