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Our Transparency Policy for Shipping and Mining Practices

As many of you have no doubt noticed, Bitmain has started to explore policies and behaviors that aim to increase transparency and foster greater dialogue between us and the cryptocurrency communities at large.

To put it plainly, we believe that communities served by Bitmain and its products should be supported and served as transparently as possible. Recent measures have included restricting order quantities, ensuring a first-paid-first-ship order of fulfillment, blocking IPs that we suspect to be hoarding, and publishing detailed shipping updates openly.

Based on the encouraging results from these early efforts, as well as our continued dialogue with the broader cryptocurrency community, Bitmain is redoubling its commitment to business transparency. Here’s how you can expect this effort to continue:

 

  1. Disclosure policy on self-mining

Every 30 days we will publish data to advise community members which algorithms Bitmain is currently mining for itself and the total hashrate of Bitmain-owned hardware on each of these algorithms. The report will be available by this link: https://blog.bitmain.com/en/hashrate-disclosure/

  1. Zero tolerance policy against ‘secret mining’

Secret mining’ is a practice whereby an ASIC manufacturer may mine with newly developed equipment prior to selling or distributing such equipment to customers. This has been criticized as conferring an unfair market advantage to ASIC manufacturers over individual community member miners.  Bitmain itself has been unfairly accused of this practice. In the end, Bitmain values transparency and fair competition.  We therefore remain opposed to this practice and maintain our long-held zero-tolerance policy regarding same.

  1. We will never seek to mine ‘empty blocks’

While often described as the result of sinister intent, empty blocks often occur because of issues in block propagation at the protocol level rather than active decision-making by mining pool operators.  We are actively working towards mitigating these issues.  However, should there occur any unusual or excessive rate of empty block mining by a mining pool owned by Bitmain, we will seek out the cause and disclose the reasons why.

  1. We will provide shipping and volume information of new miners to the public

We will publish the shipping and volume information for the first model of all new miners, tweeting the quantity and payment timestamps via the official Antminer Twitter account. We will do this for all rounds of shipments within the first batches of those models, because 1) these have the maximum impact on the network difficulty of a blockchain, and 2) these are the first miners that use our latest ASIC designs.

We present these efforts as our contribution to assuring both new and veteran participants of our commitment to a fair and transparent cryptocurrency ecosystem. Our intent is to both reflect and reinforce the philosophies that brought all of us here in the first place. We look forward to continuing the dialogue.

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The above in Chinese:

 

我司关于货运和挖矿相关业务政策的透明性声明

 

众所周知,比特大陆已经开始摸索旨在增强与加密货币社区间对话以及透明度的业务政策和行为准则的制定。

简单来说,我们坚信比特大陆及其产品所服务的加密货币社区应尽可能公开透明地得到帮助和支持。 我们近期所做的努力包括限制订单数量,按先到先得的规则确保发货,屏蔽恶意囤货IP, 以及公开地发布细节性货运信息。

以上这些初步的努力已经取得显著成效,再加上我们与加密货币社区日益密切的对话,比特大陆决定将加倍致力于业务透明度的提高。以下是此项努力的预期发展目标:

 

  1. 自挖矿算法全公开政策

每隔三十天我们都会向社区公开比特大陆当前的自挖矿算法,并公开发布比特大陆在每个区块链上拥有的总哈希值。该数据将通过以下链接提供: https://blog.bitmain.com/en/hashrate-disclosure/

  1. “秘密挖矿”零容忍政策

“秘密挖矿”是指ASIC制造商在向客户销售或发售此类设备之前秘密使用其新开发的设备进行挖矿的做法。 这被谴责为是ASIC矿机制造商强加给社区矿工的不公平市场竞争。比特大陆重视透明度和公平性,即便曾被有失公正地指责在进行秘密挖矿,我们也会无论如何对此类行为持反对意见并将长期坚持零容忍政策。

  1. 我们永远不会试图挖“空块”。

挖空块常常被恶意宣传,然而它的出现取决于区块的广播和接收而非矿池操作人员的操纵。我们正在通过积极努力来减少这类问题。因此,如果比特大陆所拥有的矿池出现任何异常或过高的空矿开采率,我们将排查原因并公开披露。

  1. 新型矿机货运和数量信息公开

通过蚂蚁矿机官方推特,我们将公开所有新型矿机中第一批矿机的货运和数量信息,以及支付时间戳。 我们将对新型号第一批中的每一个矿机进行此操作,因为1)它们对区块链网络难度的影响最大,并且2)它们是使用我们最新ASIC设计的第一批矿机。

 

我们愿为加密货币社区的发展贡献一己之力,努力为新老社区成员提供一个公平而透明的加密货币生态系统。我们的愿景是反思并强化那些带领我们大家走在一起的初衷。我们也对将来与加密货币社区的交流充满了期待.

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Our Hashrate Disclosure – Updated on 21 August

Following is the hashrate of all Bitmain-owned hardware, updated once every 30 days. This disclosure is part of Our Transparency Policy for Shipping and Mining Practices

SHA256 ETHASH SCRYPT
1759.89 PH/s 370.91 GH/s 44.38 GH/s
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Antminer Has a New Twitter Account

We will now be Tweeting all news and announcements relating to the Antminers or other products sold on shop.bitmain.com from Antminer’s Twitter account.

As we continue to expand our operations, it will be useful for everyone to have a Twitter account dedicated to Antminer-related news or announcements.

URL for the new Twitter account is: twitter.com/Antminer_main

For buyers of the first batch of the Antminer Z9 mini, we will continue to post Z9 mini’s shipping updates from the new Antminer account.

For all corporate communications from Bitmain, please continue to follow our original Twitter account twitter.com/BITMAINtech (which is temporarily suspended because of confusion over Bitmain’s age) and our blog.

As always, please leave us a message here to contact Bitmain for anything.

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Antminer Z9 Mini Shipments: An Experiment in Radical Transparency

With multiple thriving cryptocurrencies supported by diverse development roadmaps within each, Bitmain strongly believes that the permissionless internet of money promises a more secure future. Zcash is one such cryptocurrency that we hope to see thrive and help deliver on this promise.

Bitmain supports those members of the Zcash community who believe that security, reliability, and accessibility are among the highest-order values in a cryptocurrency network. We also believe that dedicated, ASIC-based mining systems reinforce these values. This is especially evident given recent news about the potential security dangers when crypto networks are not secured by large amounts of dedicated and dependable mining power.

Given that, we want to make sure we do our best to allow Zcash community members to predict and plan for when increased hash rate comes online.

We have therefore decided to carry out the shipments and QA of all Antminer Z9 Mini units in the most transparent fashion possible. To this end, we will tweet real-time updates from our QA teams and shipping warehouse via our official account (on 19th June, all Tweets, including these Z9 mini updates, relating to Antminer series and all other products sold on shop.bitmain.com moved to twitter.com/Antminer_main), using the hashtag #Z9QA. As has always been our policy, all orders will be shipped on a first-paid-first-shipped basis. We will also share the time of payments (though not the identity or location of the buyer) for the orders that are about to be shipped.

This is something we have never done before but we continue to experiment with the best ways to work and communicate with the communities in which we operate.

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Circle Announces USD Coin, Bitmain Partnership, and New Strategic Financing

(This is a post on Circle’s blog to announce Bitmain’s partnership with Circle)

Today we announced the pending availability of tokenized US dollar coins supported by developments in the CENTRE open source framework and by a new partnership with Bitmain, which is also leading a $110M Series E equity investment in Circle.

USD Coin and CENTRE

The invention of cryptographic assets and blockchain-based computing have ushered in the next major era of the open internet. But a price-stable medium of exchange and store of value is missing, and badly needed in order for global financial interoperability to function reliably and consistently. Transacting in currencies which fluctuate with extreme volatility creates complexity and fragile settlement contracts, especially when compared to transacting in “tokenized fiat money” or fiat-pegged crypto assets.

A price-stable currency, such as a token pegged to the US dollar, is critical for enabling mainstream adoption of blockchain technology for payments as well as for supporting maturation in financial contracts built on smart contract platforms, such as tokenized securities, loans, and property. There are several interesting approaches to solving this need, spanning algorithmic reimaginations of money supply to crypto-backed tokens to fiat asset-backed tokens.

Circle USDC (USD Coin) is a solution that enables customers to purchase and use USDC fiat tokens for payments and trading in the crypto ecosystem. USDC provides a full reserve US dollar-backed stablecoin, and is based on the open source fiat stablecoin framework developed and governed by CENTRE, which will provide independent oversight of Circle’s offering.

Existing fiat-backed approaches have lacked financial and operational transparency, have operated in unregulated jurisdictions with unknown banking and audit partners, and have been built as closed-loop ecosystems and closed proprietary technologies.

Circle USDC addresses these problems by providing detailed financial and operational transparency, operating within the regulated framework of US money transmission laws, and reinforced by established banking partners and auditors. It is built on an open source framework with an open membership scheme that eligible Financial Institutions (FI) can participate in (CENTRE). USDC will be ERC-20 tokens minted, issued, and redeemed based on network rules defined by CENTRE.

Circle will only be the first issuing member of the CENTRE network, and further tokenized fiat stablecoins may be issued by other audited, licensed, participating network members. More about CENTRE is available here: https://centre.io

Further information on Circle’s forthcoming USDC offering is available as an FAQ here: https://circle.com/en/usdc-faq

Strategic Financing and Bitmain Partnership

Bitmain is becoming a key supporter of CENTRE and USDC, and in conjunction with this new partnership, Bitmain is leading a $110M strategic investment in Circle. Also participating in this financing round are existing investors IDG Capital, Breyer Capital, General Catalyst, Accel, Digital Currency Group, and Pantera, along with new investors Blockchain Capital and Tusk Ventures.

Bitmain is one of the most important and forward-thinking companies in crypto, and has become a critical infrastructure provider for the entire crypto economy. Bitmain Co-founder and CEO Jihan Wu is well known for espousing a vision similar to ours regarding the creation and adoption of a new global economy powered by cryptographic assets, distributed contracts, and open source blockchain technology. We are excited to be working directly with Bitmain on realizing our shared vision.

Bitmain will also join CENTRE’s efforts to introduce multiple fiat-backed stablecoins and provide financial interoperability around the world. This partnership will help drive global interoperability that benefits consumers, business ventures, institutions, and marketplaces everywhere. Specifically, Bitmain will help CENTRE introduce multiple fiat stablecoins in a variety of geo-currency zones.

These strategic partners believe in Circle’s goal of creating an open, global model for finance for consumers and businesses everywhere. We’re humbled and excited to work with them.

Next

Circle has grown to encompass multiple products: Circle Invest, Circle Trade, Circle Pay, and Poloniex. The refreshed look of our website circle.com, which is now updated and newly released, reflects this breadth. The pending introduction of USDC and other future stablecoins will impact and improve all of these products.

We wholeheartedly believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet. We see the future of the global economy as open, shared, inclusive, distributed, and powerful — not only for a few chosen gatekeepers, but for all who will connect.

The development of USDC, the evolution of CENTRE, and this new strategic financing further grow our strength as we push toward our lofty goals. Yet in many ways, despite Circle celebrating a fifth anniversary this fall, we feel we are still just getting started. We’re thrilled for what’s to come.

Sean and Jeremy, Circle Cofounders

(The above is Circle’s blog post to announce the partnership with Bitmain)

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On Sia’s “The State of Cryptocurrency Mining”

David Vorick, lead developer of Sia, recently shared a blog post titled “The State of Cryptocurrency Mining,” which provides a perspective into the cryptocurrency mining world.  

First off, we’d like to express our appreciation for David and what he’s achieved with Sia. The crypto community revolves around transparency and trust, and we hope to someday work with David and his team.  

That said, the article reflects some persistent misunderstandings about our business, and we’d like to take the opportunity to clear up the confusion. We’d like to briefly address the most egregious ones.  

“Playing Dirty” 

The article accuses Bitmain of “playing dirty,” claiming that that the company has attempted to block Obelisk from manufacturing in China.  

Considering the truly vast number and diversity of suppliers in China, it’s difficult to consider that Bitmain could possibly exert such powerful control over a competitor’s supply chain to the degree the article suggests. The article does try, though. Indeed, this section—fully six percent of the total article—tries to accuse Bitmain of “playing dirty” while stating twice that there is no evidence of same. 

There are numerous suppliers and other third-party agencies involved in the manufacturing of a miner, both in China and elsewhere.  

This is, at its very bottom, a conspiracy theory, much like some of the other ones we frequently encounter. This brings us to the next item.  

A3 and “Flooding the Market “

The article asserts that Bitmain floods the market with its mining rigs. Here is what really happened: At launch, Bitmain introduced a strict one-miner-per-user batch allocation policy and other methods [1][2] in order to restrict hoarding and combat centralization. The number of miners made available per round was purposely limited to help further regulate their introduction into their respective ecosystems. Since then, we’ve enforced this policy with the launch of all ASIC miners for cryptocurrencies that can be profitably mined by GPUs. The article’s calculations here are merely speculative. 

Again, in an article that makes a number of accusations, we wanted to tell our own side of the story. Our license-to-operate within the cryptocurrency ecosystem is vital to our business and we do not take it for granted. We will continue to provide industry-defining mining hardware and services, while remaining sensitive to the communities in which we participate.  

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Bitmain’s Coupon Giveaway – Lunar New Year 2018

In the past year, blockchain technology has attracted considerable attention across the world. The entire industry continues to thrive and grow. Meanwhile, we at Bitmain have also made continuous progress by keeping excellence as our focus. We would like to express our gratitude to all customers, whose trust and support have been essential to our progress. To this end, we are pleased to announce a Lunar New Year Coupons (the “Coupons”, each a “Coupon”) giveaway for all our customers (at the time of writing this).

 

Who are eligible for these Coupons?

Those who have successfully completed purchase (with 100% payment) of an Antminer S9, T9+, T9, L3+, L3 or D3 on our official website (https://www.bitmain.com/) before 23:59:59 on 26 February 2018 (GMT+8) will be eligible for the Coupons.

 

How much are these Coupons worth?

The answer to this depends on what and when you successfully placed and paid an order on www.bitmain.com. Please read below to find out.

  1. For EACH Antminer S9 that has been ordered and fully paid for before 23:59:59 on 26 February 2018 (GMT+8) and shipped before 23:59:59 on 22 February 2018 (GMT+8) (the shipping time shall be the one specified in www.bitmain.com), a US$100 off Coupon will be issued to the buyer.
  2. For EACH Antminer S9 that has been ordered and fully paid for before 23:59:59 on 26 February 2018 (GMT+8) but was NOT shipped before 23:59:59 on 22 February 2018 (GMT+8) (the shipping time shall be the one specified in www.bitmain.com), a US$200 off Coupon will be issued to the buyer.
  3. For EACH Antminer L3+/L3/T9 that has been ordered and fully paid for before 23:59:59 on 26 February 2018 (GMT+8), a US$100 off Coupon will be issued to the buyer.
  4. For EACH Antminer T9+/D3 that has been ordered and fully paid before 23:59:59 on 26 February 2018 (GMT+8), a US$200 off Coupon will be issued to the buyer.

 

When will the Coupons be issued?

All Coupons will be issued before 1 March 2018. Please click on “Coupon List” under “My Coupon” in “User Center” after logging into your shop.bitmain.com account, to check whether your Coupon has been issued.

 

When can these Coupons be used?

The Coupons can be used after they have been issued and will expire on 31 May 2018 (GMT+8).

 

Please note

  1. The Coupons will not be issued in cash and cannot be exchanged for cash. It can only be used to deduct the payment amount when you purchase our miners through www.bitmain.com.
  2. The number of Coupons that can be used in an order should be same as the number of miners in the order. More than one Coupon cannot be used for the purchase of one miner.
  3. During the purchase process, once the Coupon has been selected and the order has been submitted, the Coupon is deemed to have been used and cannot be used again, even if such an order is not fully paid.
  4. Coupons can be transferred to other users’ accounts on www.bitmain.com.
  5. The amount deducted by the use of a Coupon or Coupons cannot be invoiced.

For any queries or troubleshooting, please leave a message for our Support team at support.bitmain.com
Before submitting a message (or ticket), please remember to select the “Ticket Type”  and “Product or service” that is most closely related to your request to get a response in the shortest possible time.

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El gigante de la minería de Bitcoin Bitmain lanza un hardware de inteligencia artificial de aprendizaje profundo

“Bitmain vio tendencias en el negocio de la inteligencia artificial que eran similares a los primeros días del Bitcoin”.

Bitmain, con sede en Beijing, el productor de hardware de minería de Bitcoin más grande del mundo, hoy anunció sus primeros productos para acelerar las aplicaciones de inteligencia artificial (IA).

A principios de este año, los magnates de las finanzas informaron exclusivamente de que Bitmain decidió entrar en el mercado de la IA después de que visitásemos las oficinas de Bitmaintech Israel, el primer centro de I+D de la compañía fuera de China. Hoy, el director de Bitmaintech Israel, Gadi Glikberg, nos dijo: “Estamos muy orgullosos de formar parte del esfuerzo de desarrollo de software de los productos de Sophon. Nuestros investigadores de IA se centran en crear soluciones de visión artificial y PNL optimizadas para la plataforma de Sophon”.

Los nuevos productos son un CIEA (Circuito integrado específico de la aplicación) optimizado para funciones de formación para redes de aprendizaje profundo y un módulo avanzado con ventilador que lo combina en un paquete compacto y fácil de integrar. Estos pueden aplicarse en diversos casos de uso que incluyen reconocimiento de imágenes y voz, tecnología de vehículo autónomo, vigilancia mejorada de cámaras de seguridad, robótica, Internet de las cosas (IC) y más.

“El aprendizaje profundo es muy intensivo desde el punto de vista computacional y nuestra experiencia en la creación de hardware de alto rendimiento para Bitcoin nos ha preparado absolutamente para este apasionante ámbito de la informática”, señala Micree Zhan, director ejecutivo de Bitmain. “El hardware de inteligencia artificial es un ámbito que Bitmain está desarrollando proactivamente para desarrollar la próxima generación de aplicaciones de inteligencia artificial.

Bitmain vio tendencias en el negocio de la inteligencia artificial que eran similares a los primeros días del Bitcoin, por lo que comenzamos a explorar la inteligencia artificial hacia finales de 2015. Ahora, después de solo año y medio, tenemos los chips de producción en masa en nuestras manos”.

Los desarrolladores explican que los nuevos productos, llamados BM1680 y SC1, ofrecen compatibilidad total con las populares plataformas de inteligencia artificial, incluidos los principales Caffe, Darknet, Googlenet, VGG, Resnet, Yolo, Yoto2 y otros modelos.

— Avi Mizrahi, Finance Magnates | Original article:
https://www.financemagnates.com/cryptocurrency/innovation/bitcoin-mining-giant-bitmain-launches-deep-learning-ai-hardware/

Notice: Translated from English to Spanish by Bitmain. Bitmain is responsible for any grammatical mistakes or inaccuracies caused because of translation.

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Fabricante de ASIC para Bitcoin apuesta por la IA

El diseñador chino de chips apunta a las redes neuronales

SAN JOSÉ, Calif. — Una empresa con sede en Pekín que empezó diseñando circuitos integrados para aplicaciones específicas (ASIC por sus siglas en inglés) para la minería de bitcoin ha anunciado que está probando su primer acelerador para el aprendizaje automático. El BM1680 de Bitmain Technologies se ha optimizado para entrenar y ayudar a inferir a las redes neuronales profundas.

El chip se vende con un módulo ventilado denominado SC1. Bitman señala que lo ha diseñado para las redes neuronales Alexnet, Googlenet, VGG y Resnet y que también es compatible con los modelos Caffe, Darknet, Yolo y Yoto2

Bitmain cuenta entre sus principales objetivos con los grandes operadores de centros de proceso de datos de China: Alibaba, Baidu y Tencent. Señala también que se está planteando la contrucción de su propio servicio de aprendizaje automático.

La compañía piensa publicar detalles técnicos del chip en una charla de su director ejecutivo, Micree Zhan, en un evento que se celebrará en Pekín el 8 de noviembre. Apunta a una gran variedad de usos, incluido el reconocimento de imagen y voz, los vehículos autónomos y la mejora de las cámaras de seguridad.

Bitmain se fundó en 2013 y lanzó su primer chip, un acelerador SHA-256 para la minería de bitcoin, en noviembre de ese mismo año. Cosechó buenas ventas hasta finales de 2014, cuando la casa de cambio de bitcoin Mt. Gox quebró, hundiendo el mercado de bitcoin.

La compañía volvió con un chip BM1384 cuando resurgió el mercado de bitcoin en 2015. La dirección de la empresa afirmaba en un informe reciente que ahora tiene más de 600 empleados, vende cientos de miles de sistemas de minería al año y gestiona su propio negocio de minería.

A finales de 2015, Bitmain decidió empezar a trabajar en un chip de aprendizaje automático. “Ahora, después de solo año y medio, disponemos de chips de fabricación en serie”, comentó Zhan en un comunicado de prensa.

— Rick Merritt, Silicon Valley Bureau Chief, EE Times
Original article: https://www.eetimes.com/document.asp?doc_id=1332501

Notice: Translated from English to Spanish by Bitmain. Bitmain is responsible for any grammatical mistakes or inaccuracies caused because of translation.

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Bitcoin-Mining-Gigant Bitmain führt Deep-Learning-KI-Hardware ein

„Bitmain hat im KI-Geschäft Trends gesehen, die denen der Anfangszeit von Bitcoin ähneln.“

Der weltweit größte Bitcoin-Mining-Hardware-HerstellerBitmain mit Sitz in Beijing hat heute seine ersten Produkte zur Beschleunigung von Anwendungen zu Künstlicher Intelligenz (KI) agekündigt.

Anfang des Jahres hat Finance Magnates exklusiv berichtet, dass Bitmain sich entschlossen hat, in den KI-Markt einzusteigen,nachdem wir die Büros von Bitmaintech Israel besucht hatten – dem ersten F&E-Zentrum des Unternehmens außerhalb Chinas. Heute teilte uns der Leiter von Bitmaintech Israel, Gadi Glikberg, mit: “Wir sind sehr stolz darauf, an den Softwareentwicklungsbemühungen der Sophon-Produkte teilzuhaben.“ Unsere KI-Forscher konzentrieren sich auf die Erstellung von Computer-Vision und NLP-Lösungen, die für die Sophon-Plattform optimiert sind.“

Die neuen Produkte sind eine personalisierte Tensorberechnungs-ASIC (Application Specific Integrated Circuit), die für Schulungsfunktionen für Deep-Learning-Netzwerke optimiert ist, und ein fortgeschrittenes, luftgekühltes Modul – kombiniert als kompaktes, leicht integrierbares Paket. Diese können auf eine Vielzahl von Nutzungsfällen angewandt werden. Dazu zählen Bild- und Spracherkennung, autonome Fahrzeugtechnologie, verbesserte Sicherheitskamera-Überwachung, Robotik, das Internet der Dinge (IoT) und vieles mehr.

„Deep Learning ist rechnerisch sehr intensiv, und unsere Erfahrung in der Erstellung von Hochleistungs-Hardware für Bitcoin hat uns auf diesen spannenden Bereich des Computerwesens sehr gut vorbereitet“, sagt Micree Zhan, CEO von Bitmain. „KI-Hardware ist ein Bereich, den Bitmain proaktiv entwickelt, um die nächste Generation von KI-Anwendungen voranzutreiben.

Bitmain hat im KI-Geschäft Trends gesehen, die denen der Anfangszeit von Bitcoin ähneln. Daher haben wir Ende 2015 damit begonnen, KI zu erforschen. Und nun, nach nur anderthalb Jahren, haben wir die Massenproduktion von Chips in der Hand.“

Die Entwickler erläutern, dass die neuen Produkte mit den Namen BM1680 und SC1 mit den beliebten KI-Plattformen vollständig kompatibel sind – darunter Mainstream Caffe, Darknet, Googlenet, VGG, Resnet, Yolo, Yoto2 und weitere Modelle.

— Avi Mizrahi, Finance Magnates | Original article:
https://www.financemagnates.com/cryptocurrency/innovation/bitcoin-mining-giant-bitmain-launches-deep-learning-ai-hardware/

Notice: Translated from English to German by Bitmain. Bitmain is responsible for any grammatical mistakes or inaccuracies caused because of translation.

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