US company Marathon Patent Group announced that it has installed 700 Bitcoin (BTC) units for mining applications, or ASICs.
As announced on June 3, Marathon Patent Group has installed 700 MicroBT Whatsminer M30S+ ASICs. The company is also reportedly awaiting delivery of 1,160 AntminerS19 Pro units produced by BitMain, a leading ASIC mining equipment manufacturer.
At the end of March, Bitmain announced that it had sold the first batch of Antminer S19s and S19 Pros within 24 hours of starting orders. On June 1, the company also announced the launch of its latest Antminer T19 with the hash SHA256 at 84 TH/second.
The Antminer S19 Pro boasts a hash factor of 110 TH/s and an energy efficiency of 29.5±% 5 J/TH. This means that Marathon Patent Group is waiting to add 127,600 PH/s to the hash under its control. Adding 70,000 TH/s from its 700 Whatsminer M30S+ ASICS (100 TH/s each) gives the company a total hash of 197,600 PH/s.
The announcement comes shortly after Ripple SBI Asia CEO Adam Traidman predicted that the mining industry would continue to see hash migrate from east to west. He also stated that he is already witnessing the beginning of the transformation.
