Liquid-cooled mining machines from Chinese chipmaker Bitmain have been unveiled.

The S19 XP HYD is expected to be one of the company’s most energy-efficient models ever.

The new mining setup employs liquid cooling. According to reviewers, it is the most power-efficient among all models of mining equipment from this manufacturer.

These hydro cooling rigs are exclusively for usage in Bitmain containers.

Bitmain Rig Packs A Punch

The newly announced mining rig is dubbed “Antminer S19 XP Hyd.” It boasts 255 terahashes per second (TH/s) of processing power and 20.8 joules per terahash (J/T) of power efficiency while operating on 5,304 watts, according to Bitmain’s website.

The machine features a liquid cooling system, which involves using a coolant flowing through pipes to dissipate heat from the device.

The cooling rigs will launch in the first quarter of 2023 for a little under $20,000 per unit.

Related Article | Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree

Furthermore, the energy efficiency of this new model slightly outperforms Bitmain’s previous best rig – the Antminer S19 XP.

Notably, Bitmain has also announced the release of the ANTSPACE HK3, a new bitcoin mining container that can comfortably accommodate 210 mining machines and uses up to 1 megawatt of electricity.

Aiming For Sustainable Bitcoin Mining

Bitmain has been focusing on long-term bitcoin mining and has recently unveiled measures in this area.

Bitmain will create up to 500 MW of clean digital mining infrastructure at Merkle Standard’s hydro-powered facilities in Eastern Washington as part of the joint venture.

BTC total market cap at $767.68 billion on the daily chart | Source: TradingView.com

Furthermore, the Beijing-based chipmaker has gained a significant stake in one of America’s major crypto-mining facilities via a collaboration with Allrise Capital.

The move might help Bitmain’s market expansion in the United States even further.

According to mining data, the bitcoin mining metrics have seen some intriguing developments in recent months, as the Bitcoin hashrate grew by more than 15% in a week as processing power steadily increased.

Energy Efficient Mining

Meanwhile, Block Inc.’s CEO, Jack Dorsey, revealed last October that the firm was exploring developing an open-source bitcoin mining system built on bespoke silicon to decrease entry barriers for both businesses and people.

In January, Thomas Templeton, Block’s general manager for hardware, emphasized that the planned approach would improve bitcoin mining efficiency and other benefits.

Templeton said:

“We’re interested because mining is about more than just producing new bitcoin. We regard it as a long-term need for a decentralized and permissionless future.”

In a related event, Hive Blockchain had signed an arrangement with Intel to acquire the latter’s recently introduced energy-efficient blockchain accelerators named Bonanza Mine.

Related Article | Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform

Featured image from Bitcoin News, chart from TradingView.com

When it comes to Bitcoin, the debate about its energy usage and environmental effect has escalated in recent years, particularly when compared to other cryptocurrencies.

Notably, the largest Proof-of-Stake (PoS) asset Cardano (ADA), is 47,200 times more energy-efficient than the Proof-of-Work (PoW) flagship cryptocurrency Bitcoin.

In particular, the energy usage of the Whole Network TWh for Cardano is 0.00277429; in contrast, Bitcoin uses 131.0 TWh per year more than entire countries like Ukraine and Norway, according to the statistics released by Cardano Blockchain Insights.

However, despite the controversy over Bitcoin’s energy consumption and environmental impact, Finbold indicated in an analysis of a report by CoinShares, published on January 25, 2022, that BTC accounted for only 0.08% of global carbon dioxide (CO2) emissions in 2021, implying that talking points attacking the network’s energy consumption seem to have been exaggerated.

Cardano’s scalability on display

Although Bitcoin’s impact on the environment appears to have been inflated, one can’t underestimate the scalability of Cardano as 42,000 times more energy-efficient than its crypto counterpart. 

We previously highlighted the 11 ways Cardano is planning to scale in 2022. Off-chain computing functionality was said to be one of the ways to help Cardano drive greater core network efficiency for transactions executed outside the blockchain.

Furthermore, as the Cardano network continues to experience growth, as seen by the rising number of holders on the network, the platform is placing an increased emphasis on long-term sustainability. The Cardano Foundation recently announced that a restoration initiative using Cardano had met its goal of planting more than one million trees, which had previously been set.

As a result of Cardano seeking to build on its recent growth after announcing a series of projects to optimize the platform’s performance in 2022, a group of crypto experts has predicted that ADA would end this year with a price of $2.72 and as high as $8 by the end of 2025.

However, to determine if Cardano can achieve even a fraction of that value, it’s worth looking at our Cardano price prediction for 2022.