These ASICs have a processing power of 185 TH/s and a consumption of 3420 watts.
The mining center will be fully operational in the third quarter of 2025 and will offer 100 MW.
Yesterday, November 11, a Bitcoin (BTC) mining company announced the purchase of 6,500 ASICs (specific application integrated circuits) and made official the start of the construction of its new center for the mining of this crypto asset in Paraguay.
This is the Canadian company HIVE Digital Technologies, which acquired 6,500 Canaan Avalon A1566 devices. These ASICs They have individual processing power (hashrate) of 185 TH/s (terahashes per second) and an energy consumption of 3420 watts.
The mining equipment was launched in October 2024 and, according to data from Whattominein the last 24 hours produced net profits close to $3, after deducting operating expenses.
These ASICs have an estimated electricity consumption of $0.13 per kilowatt hour (KW/h). This value may vary depending on the cost of electricity in the region where the device is used. ASIC. It is important because the cost of electricity directly impacts the profitability of mining. The lower this value, the lower the operating costs.
On the other hand, the Canaan Avalon A1566 have an energy efficiency of 18.49 watts per power unit. terahashes (W/Th). A lower value in W/Th indicates a ASIC more efficient, since it uses less energy to do the same amount of work (hashes). This is essential in mining as it reduces energy costs and can increase profitability.
To establish a comparison, the ASIC The most profitable bitcoin at the moment is the Bitmain Antminer S21E XP Hyd 3U, and it generated more than $21 in net income in the last 24 hours.
This equipment, which costs around $20,000, has an efficiency of 13 W/Th. In the long term, this efficiency would allow more mining with less electricity consumption.
Regarding the installation of the new ASCIs acquired by HIVE, Aydin Kilic, President and CEO of HIVE, stated that this process will last until March 2025.
“With the first batch of 500 units arriving and operational this week, the remaining 6,000 units are scheduled to be delivered in four monthly installments from December 2024 to March 2025.”
Aydin Kilic, President and CEO of HIVE Digital Technologies.
These ASICs They are priced around 3,000 dollars each one, so it can be estimated an investment of almost 20 million dollars in ASICs.
On the other hand, the new HIVE plant, which joins those the company has in Canada and Sweden, will have 100 megawatts (MV) dedicated to Bitcoin mining.
According to the releasethis structure will be fully operational by “the third quarter of 2025” and will reach “a rate of hashrate of 12.5 EH/s (exahashes per second).
What is happening with Bitcoin mining in Paraguay?
Although Bitcoin mining is legal in Paraguay, in recent months the government has decided to intensify the persecutions of illegal miners who steal electricity illegitimately.
For example, at the end of July 2024, a law was passed in this country that punishes up to 10 years in prison illegal cryptocurrency mining.
Weeks prior to this sanction, at the beginning of April, the Senate of Paraguay decided to postpone debates in relation to a law that would prohibit Bitcoin and cryptocurrency mining.
The authorities of the South American country electricity tariff costs increasedwhich caused several legal BTC mining companies in Paraguay to close their doors and stop operating recently.
In relation to the energy production necessary for the new mining center to operate, Frank Holmes, executive president of HIVE, said that the new 100 MW plant in Paraguay will be “green energy”, although the announcement did not go into details.
CriptoNoticias reported at the end of July 2024 when this Canadian company revealed its plans to build a new BTC mining center in Paraguay.
Currently, HIVE Digital Technologies is among the 15 companies Bitcoin miners with the highest market capitalization, with a figure of around $640 million.
