Over the past three years, Bitcoin mining gear has evolved dramatically. From machines to round out the massive Terrahash to widely available rigs with efficiency of less than 20 Joules per Terrahash (J/TH). At last month’s World Digital Mining Summit, Bitmain pulled back the curtains of the machine passing petahash with just 9.5 j/th of energy usage.
Since 2023, Bitcoin Miners have been jumping very much.
These application-specific integrated circuit (ASIC) machines continue to be level. In 2023, Bitmain’s Antminer S19 XP HYD led the pack with a hydro cooling unit clocked 255 Terahash (TH/s) 255 Terahash per second. Shortly afterwards, Microbt’s Whatsminer M53S++ raced with an efficiency rating of 320 Th/s and 22 j/Th.
The bar was lifted again when Bitmain deployed the Antminer S21 line in late 2023 and early 2024. One outstanding S21 XP+ Hydro pushed the envelope with 500 Th/s and 11 j/Th. As 2024 approaches the end, a new class of machines unavailable to the public will emerge, suggesting a performance level twice as high as the S21 XP+ Hydro.
In September 2024, Bitmain joined forces with Hut 8 to debut a direct liquid to chip ASIC miner that fires 860 Th/s at 13 j/Th. Hot at the heels, rivals like Bitdeer, Microbt and Auradine show units ranging from 424 Th/s to 600 Th/s. However, Bitmain was not complete. The S23 line, ready for release in 2026, will once again raise the ceiling.
Bitcoin.com news reporter Terence Zimwara has lit the Antminer S23 Hydro in the spotlight. But Bitmain’s most audacious leap is the Antminer S23 Hydro 3U, set to hit the shelves in January 2026, offering more than 1 ph/s of hash power over 1,000 Th/s.
Bitmain’s Antminer S23 Hydro 3u with HashPower 1.16 pH/s.
Specifically, the 3U model produces 1.16 pH/s while maintaining a sophisticated 9.5 j/TH efficiency. It features state-of-the-art water-cooled and runs at 11020W power. If this powerhouse is already available, it will be at the top of the profitability chart. Currently, it is projected to earn $45.14 in daily profits based on current network difficulty, hashprice, and power rates of $0.06 per kilowatt-hour (kWh).
The accelerated pace of innovation in Bitcoin mining hardware suggests that the industry is deep in the new arms race. The improvements in performance and efficiency are no longer progressive, but exponential. As miners chase tougher margins and compete for block rewards, machines pushing one petahash could become a new standard rather than an exception, restructuring their operational strategies across the sector.
Such a leap into computing power and energy efficiency could fundamentally change the balance of mining power globally. Operators with access to cutting-edge machines may be standing to gain disproportionate advantages, and the gap between industrial-scale farms and small players could be widening. If this trend holds, mining could evolve into arenas where only the most technological advances survive.
