Bitmain launches Antminer T19 ASIC miner

Bitmain launches Antminer T19 ASIC miner for bitcoin mining

Chinese mining company Bitmain announced on June 1 the launch of its new Antminer T19 device for mining cryptocurrencies based on the SHA256 algorithm, including bitcoin.

Antminer T19 is the third member of the latest 19th line of Bitmain miners. It is capable of delivering a hash rate of 84 TH / s ± 3% with a power consumption of 3,150 watts.

“Compared to the previous Antminer T17, the T19 has significantly increased performance, allowing miners to achieve higher efficiency and higher earnings,” the company writes. "The T19 uses a new power system and improved firmware to start up faster."

According to the CryptoCompare calculator, the device with the declared characteristics will generate $ 2.87 in profit per day or $ 86.25 per month. For calculations, the price of electricity was taken at 5 cents, the price of bitcoin - at $ 9,539.

The cost of one Antminer T19 is $ 1,749. Thus, all other things being equal, the payback period of the device will be approximately 20 months.

The sale of new miners started on the Bitmain website today at 06:00 Moscow time. In order to increase the availability of equipment, one user is allowed to purchase up to two miners. The first devices are expected to ship from June 21 to June 30.

Bitcoin's value will rise amid restrictions on cryptocurrencies issued by central banks, according to investment firm Grayscale Investments.

According to a report released by the company this week, 80% of central banks developing their own cryptocurrency will achieve this goal. Several restaurants and retail stores, including Starbucks and McDonald's, have already started testing the digital yuan last month. In addition, a few days ago, the Bank of France announced the successful testing of the digital euro.

The Financial Investigation Service of Argentina announced the start of collecting information about cryptocurrency holders in order to maintain up-to-date information about their operations in their jurisdiction and adapt systems to existing risks of money laundering and terrorist financing. Writes about this local edition El Cronista.

Recently, there has been an increase in the number of transactions carried out through virtual assets,” the agency said. "These transactions may have been carried out by people seeking to circumvent international standards and the anti-money laundering system.

 Indian banks are not prohibited from serving cryptocurrency companies

The central bank of India has clarified its attitude towards cryptocurrency companies and said that the country's banks are not prohibited from serving them.

In response to an official disclosure request from Unocoin exchange co-founder and CTO Harish BV, the Reserve Bank of India (RBI) said it did not prohibit financial institutions from serving cryptocurrency companies and traders.

Recall that the Central Bank of India banned the provision of banking services to cryptocurrency firms at the beginning of 2018. However, in March this year, after lengthy litigation, the country's Supreme Court ruled to lift the ban.

However, it was still unclear if banks could serve cryptocurrency companies, as RBI has not officially clarified its position. Earlier this spring, it was reported that some banks were still refusing to open accounts to participants in the cryptocurrency industry.

Fintech lawyer Mohammed Danish previously stated that the Supreme Court's order to lift the ban does not instruct RBI to notify banks and require them to comply with the order.

To clarify the situation, Harish Bau sent an information request to RBI on April 25, demanding an official clarification of the regulator's position on the ban on servicing cryptocurrency companies. In response, RBI said: "As of today, there is no such ban."

Harish Bau noted that now that RBI's position is crystal clear, the blockchain and cryptocurrency industry could grow again in India, opening up access to digital assets for 1.35 billion of the country's citizens:

“After the Supreme Court overturned the RBI’s ban on serving cryptocurrency companies and the Central Bank confirmed the absence of such a ban, it became clear that there was no need to register cryptocurrency companies outside India.”

Despite the lifting of the ban, some regulatory questions related to the cryptocurrency industry in India remain unanswered. Earlier this month, several Indian cryptocurrency exchanges drew up an appeal to RBI asking them to clarify the taxation of cryptocurrencies in the country.