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The 7nm Antminer S15 and T15 are now available for purchase

We’re pleased to announce that the newest Bitmain next-generation 7nm miners – Antminer S15 and Antminer T15, with two variations of each – are available for purchase today, November 8, 2018, at the following times:

  • Russia: 17:00
  • Germany: 15:00
  • USA: 9:00 (EST)

Our new miners utilize innovative technologies to improve the performance of the new miners’ power and power consumption, and computing performance.

The Antimer S15 provides long-term energy efficiency through its use of Bitmain’s 7nm chip that integrates over 1 billion transistors per unit. This feature significantly improves the computing performances of Antminer. The chip contains a unique circuit structure and low power technology.

Photo: Antminer S15

Additionally, the Antminer S15 chip uses an exposed die package solution moving beyond the traditional over-molding plastic package. The back side of the wafer is in direct contact with the heat dissipation interface and the heat sink, improving the heat transfer efficiency.

The Antminer S15 high-performance mode can achieve a hash rate of 28 TH/s with a power efficiency as low as 57 J/TH; its energy-saving mode can improve power efficiency to 50 J/TH while maintaining a hash rate of 17 TH/s.

Similarly, our Antminer T15 high-performance mode sees a hash rate of 23 TH/s and a power efficiency as low as 67 J/TH. Its energy-saving mode can improve power efficiency to 60 J/TH while maintaining a hash rate of 20 TH/s.

Photo: Antminer T15

On both modes, the heat dissipation efficiency is significantly improved from prior modes. Adopting the new heat dissipation structure, the parallel fan design is applied to both modes to shorten the wind speed and reduce wind resistance. As a result, the reliability for long-term operation of the miner has been upgraded while reducing maintenance cost.

For large mining farms, both modes are easy to implement as an all-in-one design of miner with PSU and can be set up vertically or horizontally, making it flexibly adapted to different mining farms and miner racks. With the new high conversion power supply APW8, 16-18V high-voltage output, new miners can effectively reduce the power loss during the power conversion process, helping mining farms save on electricity costs.

Antminer S15 and Antminer T15 are officially on sale on the Bitmain international website (https://shop.bitmain.com/).

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The story behind the ASIC evolution

When Bitcoin mining first started in 2009, it was considered a niche hobby for cryptocurrency enthusiasts. Since then, it’s grown into a billion-dollar industry – with Bitmain leading this growth since 2013.

Bitmain’s entrance into the mining market in 2013 saw the emergence of the ‘ASIC era’, as the company sought to bring ASICs to the masses. Specifically designed to mine cryptocurrencies, the demand for ASICs has since continued to grow alongside the advancement of the bitcoin mining industry.

BTC mining: from hobby to global industry

Back in 2009, the only hardware needed to mine Bitcoin was a simple home computer (provided it had reasonable specifications). These computers would run standard multi-core CPUs, which would produce BTC at a rate of 50 per block. This would equate to a few dollars of profit per day.

Fast forward ten years and Bitcoin mining generated five billion U.S. dollars in revenue in 2019. Despite industry growth volatility, these figures suggested an overall increased demand for bitcoin miners.

These demands first accelerated in October 2010, when the code for mining bitcoin with GPUs was released to the general public. Although the public was able to mine bitcoin for themselves, it quickly became evident that it was still not easy for GPU users to scale hash rates. So, it was only once FPGAs were introduced that mining really began to scale, as FPGAs are more power-efficient than GPUs.

By 2012, the mining industry was advanced even further with the adoption of ASIC technology. These miners were carefully designed for the specific use of mining cryptocurrencies, replacing the need to tweak the field-programmable component of FPGAs after purchase. As there will always be a need and approach to making a specific computation more efficient, ASICs were a natural progression in the Bitcoin mining industry.

Antminer is born

By November 2013, Bitmain introduced its very own ASIC: the Antminer S1, which had a hash rate of 180 GH/s. Just a few months later, the Antminer S2 model was released, with a significantly higher hash rate of 1 TH/s.

Bitmain’s ASICs were quickly getting more powerful, and more energy-efficient over time.

Antminer S1: Launched 2013

Rapid rise of Antminers as BTC makes history

Over the next few years between 2014 and 2019, Bitmain released numerous Antminer models to the market. In 2014 alone, Bitmain released miners such as the Antminer S2, S3, S4, and S5 – all with the aim of providing more efficient and profitable hardware to miners in order to keep up with the demands of the growing bitcoin mining industry.

On top of this, Bitmain launched the AntPool mining pool in 2014, further highlighting Bitmain’s commitment to helping decentralize the bitcoin network and put the majority of hashing power into the hands of consumers. This commitment was further highlighted in Bitmain’s 2015 launch of BTC.com, which introduced the top-leading blockchain explorer that efficiently offered users all information on the network. By 2016, BTC.com also launched its own pool platform.

With BTC making its historic price run in 2017, Bitmain continued to release batch variations of the S9 as well as entirely new models, such as the Antminer T9 which had a hash rate of 11.5 TH/s.

As the Bitcoin market continued to grow, Bitmain released 8 SHA256 models throughout 2018.

As the Bitcoin market continued to grow, Bitmain released the Antminer S15 in 2018, which was launched at the World Digital Mining Summit. The Antminer S15 provided long-term energy efficiency through its use of Bitmain’s 7nm chip that integrates over 1 billion transistors per unit.

By 2019, Bitmain had introduced its most popular Antminer models to date: the Antminer 17 Series.

Antminer Design Advancements

Antminers and the future of mining …

Since 2013, Bitmain has shown commitment to developing new technologies that overcome the new challenges of mining – and the significance of Bitmain’s advancements makes them leaders by example in the field.

Today, Bitmain continues to pursue its vision of bringing the future of mining to all. And that is why Bitmain has released the Antminer S19 and Antminer S19 Pro models, featuring hash rates of 95 TH/s and 110 TH/s respectively. The Antminer S19 series represents the evolution of Bitcoin mining, from the very first Antminer S1 to the ever-popular Antminer S9, reaching the present-day Antminer S19. The mining community has taken great leaps of development.

New Genenration Antminer S19 and S19 Pro
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Bitmain announces selling date of next-gen Antminer S17 series

The Product Manager of Bitmain’s Antminer 17 series gives users a sneak peek into the features of the new miners which offer “steep improvement” in hashrate.

HONG KONG,  29 March 2019 Bitmain, the world’s top 10 and China’s second largest fabless chipmaker, is putting their new energy efficient miners that mine cryptocurrencies based on the SHA256 algorithm, such as Bitcoin (BTC) and Bitcoin Cash (BCH), up for sale globally on 9 April 2019.

The key features of the Antminer S17 include: improved energy efficiency; higher hashrate and size compatibility with the previous S15 series.

The new miners in the 17 series include: Antminer S17 Pro, Antminer S17, and Antminer T17.

Ahead of the new model release, Yangxin, Product Manager of Bitmain’s latest Antminer series, reveals what went into the production of the new and improved 2nd generation 7nm ASIC BM1397 mining chips.

“The new miner offers a steep improvement in the hashrate in terms of space and power consumption,” said Yangxin.

The new chip equipped in the 17 series offers a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391.

Yangxin has specialized in the field of IC (Integrated Circuit) design for over a decade and currently manages miner production delivery, which includes system design and mass production. Here’s what he had to share on the following:

On the highlight features of the new Antminer S17, Yangxin said:

“There are two key indicators to look for when measuring the quality of a mining machine: efficiency and the hashrate:

The stand out features of the S17 are reflected in the following:

  1. Improved performance compared to the previous generation chip. Improved energy efficiency has a big part to play in this.
  2. Higher hashrate in a single miner. This increases the hashrate density per unit space and saves deployment costs for mining farms.”

On the improvement of the 15 series and the 17 series Yangxin said:

“Electricity bills are very high for Bitcoin mining right now so the improved energy efficiency means a significant drop in costs and, thus, increase in profits. Secondly, the new miner offers a steep improvement in the hashrate in terms of space and power consumption. This will be especially meaningful for mining farms when you consider the investment needed with set up.

On what’s next and whether there is an incentive to develop higher hashrate miners beyond 7nm chips Yangxin said:

“From a technical point of view, there is no end to the development of technology. However, in the short run, the driving force behind the development of next-gen miners beyond 7nm chips is slowing down due to physical limitations.

With the nm size shrinking quantum effects, among other new challenges, come into play. It is promising that TSMC (Taiwan Semiconductor Manufacturing Company) is already in the process of building 5nm chips. We will continue to follow the development of this technology but it is still early days.  

It takes several iterations to create new miners based on the next generation semiconductor process. The solutions to the challenges of nanometer scale mass production require more investment and further research and development.

Considering the rapid pace of development in this area in the past few years, the industry would soon have to find what the next generation would be. For the near future, 7nm would remain the most preferred in terms of performance and economics.”

The new Antminer 17 series will go up for sale on Bitmain’s official website on 9 April 2019.

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Antminer Firmware Update – February 2019

At Bitmain, security of end users is our top priority and we are committed to ensuring this as new risks emerge. Our team closely monitors the technology ecosystem to identify new and evolving threats. As part of that vigilance, we have recently been made aware by the open source community of a potential vulnerability relating to our firmware. In response, and as a matter of priority, our team has released new firmware updates for the Antminer S15 and Antminer T15 to fix this vulnerability.

Despite our continuous efforts, absolute protection from all possible attacks remains an elusive goal, and therefore, a collaborative effort of the global community is imperative for the strongest defence. We are most grateful to the open source community for continuing to identify and responsibly report new vulnerabilities.

As contributors and users of open-source code, we recognise and respect its ethos. To ensure continued compliance with the requirements of open-source code, we have formed a special team and created new internal procedures.

Installation guides and new firmware releases can be downloaded from https://service.bitmain.com/support/download---------------------
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Bitmain: Following a busy 2018, what can we expect in 2019?

As we move into this new year, here at Bitmain we’ve been doing a bit of reflecting on what a year 2018 has been, as well as what we expect this coming year.

This past year we have really focused our efforts to accelerate the creation of a platform and environment designed to scale with exponential growth. We want our innovation to enable anyone, anywhere to mine and benefit from new global digital currencies. As we have always maintained, we have made it our mission to ensure the stability and security of digital currency, to foster greater adoption, usage and efficiency.

There have been many major developments including filing our application to list on the Hong Kong Stock Exchange. In fact, there are too many to list over the past year and we can often forget about the little things that can make a big difference. As such, we have summarized our most memorable milestones that make us proud.

The 7nm ASIC and Asicboost

In the past year, we launched a number of exciting products and have continued to explore ways to boost mining efficiency. Amongst the many products and software upgrades we launched, a notable one was the new firmware that supports the AsicBoost optimization.

The firmware enables significant savings in energy costs and in addition to the S9, its functionality is available on other BM1387-based models, including the R4, S9i, S9j, T9 and T9+.

But perhaps our greatest milestone of 2018 has been our next generation 7nm ASIC chip, designed for SHA-256 mining. Incorporated into our recently launched Antminer S15 and T15s, the chip provides significant improvements in terms of performance, power consumption and delivering outstanding performance. For the entire industry, this not only accelerates the development of digital currency mining, but also provides miners with a better mining experience.

Bitmain Antminer S15

Sophon (AI)

We’ve been working on AI since 2015 and in Q1 we saw the release of the BM1682, our second chip for AI applications and later we released the BM1880 chip for AI.

We also launched edge computing boards and USB modules to support it. In combination, Sophon products can recognize faces, objects, license plates and even fingerprints, whilst providing AI level security. We are already seeing some of the generational-shifting results from the technology and we can’t wait for what 2019 brings.

Investing in Circle

In May last year, we announced our partnership and lead investment in Circle Internet Financial’s US $110 million Series E round. Circle is a global crypto finance company with a clear mission to change our global economy as we know it. Their pioneering work in creating a tokenized US dollar coin, USD Coin, supported by the CENTRE open source framework is bringing us one step closer to realizing the benefits of the Internet of Money era.

Through our partnership with Circle, we’re also helping advance CENTRE’s efforts to introduce more reliable multiple-fiat backed stable coins, that will provide financial interoperability globally.

Funding open-source developers and projects

We continue to find promising open-source developers, projects and organizations. For those that we find to have potential and share our vision we fund them, usually with no strings attached. It means a lot to our community and ourselves for us to fund projects that get us excited with no-strings-attached because it gives us confidence that those technologies will be available one day. Whilst it is our policy to not reveal who we are funding with how much to respect the individual or organization’s privacy, it is safe to say we already spend a great deal on these and we are looking to do some more in 2019.

The Big Fork

It goes without saying that the BCH and BSV split was a significant topic within the global cryptocurrency space last year. It was exciting to see different passions clash for the future and betterment of cryptocurrencies without the purported “hash war” being fought. Having ourselves been through a similar (but much longer!) conflict over the future of Bitcoin just about 18 months back, we understand the BSV community’s decision to split and freely pursue its own dream. Adoption will come through power, flexibility and sophistication of the ecosystem and we look forward to what 2019 has in store for cryptocurrencies.

Our commitment to transparency

What began as a radical experiment in transparency, with us Tweeting the shipment details of the first batch of our new ASIC-based Zcash miners, led to the formation of our transparency policy, which governs the way we mine and how we communicate with the communities that we operate in. This would not have been possible without the proactive and sincere approach taken by the Zcash community in reaching out to us. We continue to be committed to experimenting with the best ways to communicate and work with the communities in which we operate.

The Bitmain Crypto Index

We recognized that our community of miners, users and investors needed a performance reference point for the largest and most liquid cryptocurrencies. So, in November, we rolled out our institutional-grade cryptocurrency index service. The service publishes performance data both a real-time price every second, as well as a daily reference price at 10:00am Hong Kong Time, on a 24/7/365 basis. We are committed to serving our fantastic community, and this is just one of the ways are doing so.

We expanded stateside

We broke ground on a new blockchain datacenter in Rockdale, Texas, representing a considerable investment into the local, county and statewide economy of the US. This was also followed by a new facility in Washington State. These represent key components of our strategic investment in the US market.

Bitmain Washington Facility

Image courtesy: Bitsonline.com

Houston Rockets!

Antpool Sponsor Houston Rockets

And of course, how can could we forget AntPool’s sponsorship of the Houston Rockets? Who said that mining was all work, no play?

Preparing the company for the future

In preparation for the future, we decided near the end of 2018 that it was time to rationalize our business. Our wide portfolio and varied lines of work have expanded to a point where we have the problem of choice and this year was the time to choose. We started to optimize the business and streamline our flows to focus back on the core missions and activities that best rally behind our vision. We as a company will be lean and more focused towards our goals and we look forward to a 2019 where we can see what our collective efforts can achieve in this manner.

So, what’s the outlook for this year?

While there have been ups and downs in the market, we see this as being part and parcel of the change needed to build a stronger ecosystem. In fact, if we look back, blockchain technology has seen many difficulties in the first decade, and the industry has gone through numerous challenges but has never stopped developing to present day.

While many have commented on the fall in value of cryptocurrencies, we see this as the effects of a stabilizing and maturing market. In fact, we’re beginning to see big name investment institutions coming into the market to provide different digital assets.

We are edging towards an internet of money era, where currencies can move quickly and easily across border without the reliance of traditional institutions. We believe that ASICs will continue to play a fundamental role securing and transforming the complexity of cryptocurrency into useful and trusted assets for everyone.

This year we also anticipate greater adoption of cryptofinance, starting with regulators recognizing the important role cryptocurrencies can play in our financial system and moving away from the sentiment that it is a threat to stability. We most recently saw this when the United Kingdom government proposed giving the financial regulator more power to oversee cryptocurrency assets, as well as the Hong Kong SFC introducing the first set of rules governing the market. Considered regulation can help more people and institutions enjoy the benefit from new global digital currencies.

Blockchain technology has continued developing to present day and has risen above many challenges to get to where we are now. This year, we can expect to see its development gravitate around blockchain applications.

As applications continue to develop, the industry’s market capitalization will fuel growth. Exponential growth in blockchain user traffic will at the same time demand greater data processing capacity, with hardware acceleration and parallel computing technologies being integrated with blockchain, to solve this problem. As a world leading high-performance computing chip company, we believe that there is a significant role for Bitmain to play in meeting this demand and building on its existing innovations such as the 7nm ASIC.

Our mission is to produce hardware and software, as part of our commitment to contribute towards the security and stability of a multitude of cryptocurrencies. We look forward to continuing this effort this year, and contributing to a distributed, decentralized world that empowers everyone.  ---------------------
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