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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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Bitmain Announces Next-Generation 7 Nanometer ASIC Chip for SHA-256 Mining. New Mining Machine Will Be Available Soon

BM1391 Chip Uses the 7nm Semiconductor Manufacturing Process and Will Greatly Improve Power Efficiency, New Mining Machine Will Be Available Soon

BEIJING, P.R. China, September 21, 2018 – Jihan Wu, co-CEO and co-founder of Bitmain Technologies Ltd., announced Bitmain’s next-generation ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm at the World Digital Mining Summit in Georgia today. Mr. Wu also revealed that Bitmain will soon launch a new generation of mining machines equipped with the BM1391 chip.

Bitmain co-CEO and co-founder Jihan Wu at the World Digital Mining Summit in Georgia, September 21, 2018

The new ASIC SHA256 algorithm acceleration chip carefully built by Bitmain uses one of the world’s most advanced semiconductor manufacturing technologies, 7nm Finfet. The ASIC chip integrates more than a billion transistors and is optimized for maximum efficiency. Thanks to its unique circuit structure and low power technology, it is stable and more efficient. Mr. Wu said tests have shown that the chip can achieve a ratio of energy consumption to the mining capacity that is as low as 42J/T.

Bitmain next-generation ASIC chip with ratio of energy consumption to mining capacity as low as 42J/T 

At his keynote speech at the summit, Mr. Wu said mass production of the 7nm chip will begin and be applied to the next generation of Bitmain’s Antminer machines, improving the new miners in various performance indicators, in terms of power and power consumption, and enabling outstanding performance.

Mr. Wu also pointed out that blockchain technology has continued developing to the present day, noting that the technology’s first decade has seen many difficulties, and that the future direction of development will center around applications of the blockchain. He said that as applications continue to develop, the industry’s market capitalization as a whole will drive growth. Exponential growth in blockchain user traffic will at the same time require ever greater capacity in data processing, with hardware acceleration and parallel computing technologies being integrated with blockchain to help solve this problem.

Bitmain’s 7nm chip to be used in a new Antminer 

Bitmain has been committed to the development and launch of high-performance computing chips. Since its establishment, Bitmain has independently developed and mass produced a variety of chips. In 2016, Bitmain took the lead in releasing and mass-producing 16nm chips, applying them to its Antminer S9 miner and other models. The Antminer S9 quickly occupied international markets with its high-computing power, low power consumption and strong stability, and has become a leader in the global mining machine industry. In addition, Bitmain’s Antminer series of mining machines has introduced a variety of models that support different encryption algorithms to meet the global demand of different digital currencies.

As a world leading high-performance computing chip company, Bitmain has grown rapidly over the years. It now has multi-brand businesses including Antminer, Antpool, BTC.com and Sophon. Bitmain’s cryptocurrency mining machine has long been a world leader with a market share of more than 70%.

The 7nm chip reflects the R&D strength of Bitmain and further consolidates Bitmain’s industry position. For the entire industry, this not only accelerates the development of digital currency mining but also sets a new benchmark for quality, providing miners with a better mining experience.

About Bitmain

Bitmain – founded in 2013 and headquartered in Beijing – transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the global blockchain industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide – Antpool and  BTC.com. A leader in the still-nascent, high-growth blockchain technology ecosystem, Bitmain supports a wide array of blockchain platforms and startups, and actively participates in industry and community development. Bitmain has offices throughout China, including Hong Kong, and offices worldwide. For further information on Bitmain, see www.bitmain.com.

Bitmain, together with BitKan, is currently hosting the World Digital Mining Summit September 21-23, 2018 in Tbilisi, Republic of Georgia, featuring 30+ speakers and up to 1,000 attendees: miners, mining machine manufacturers, investors, mining pools, technologists, researchers and more. For further information, see www.miningconf.org.

 


Contact: 

Bitmain International PR and Communications Dept.

internationalcomms@bitmain.com

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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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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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