Bitmain Releases The Antminer S15 Bitcoin Mining Chip: How It Ranks Among The Competition

The largest Bitcoin mining company in the world, Bitmain, is in the daily cryptocurrency news for releasing and already selling out of its new ASIC Bitcoin mining chip – the Antminer S15. At a price of $1,475 a piece and a customer limit of two maximum, this is one of the best products when it comes to mining hardware.

Bitmain’s Antminer S15 is able to clock up to 23 terahash per second which means that 3 to 4 units would be required to match the performance compared to Bitfury’s Tardis which can clock up to 80TH/s. The Tardis, however, is a lot more expensive and costs around $7,000 per unit.

If we compare the Antminer S15 to another chip which is the Ebang Ebit 11+ – at a cost of $1,517 and a hash rate of 37TH/s – it is easy to see that this is the best deal on the market. At the same time, one cannot simply purchase a single E11. Instead, you must buy at least 50 for a minimum investment of $75,850.

All in all, stats from CoinWarz show that it would take just over 6 months to begin earning a profit from this chip with all factors considered. In general, Bitcoin mining has lost popularity as a profitable way to make money – mostly because of the large upfront investment and the profit margins which can be very slim for miners who must convert their coins right away.