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Bitmain’s Antminer E3 Firmware Update

The Antminer E3 will be able to continue mining Ethereum through the latest update from Bitmain.

Recent media reports have stated that Bitmain’s Antminer E3, the hardware designed for mining Ethereum (ETH) and Ethereum Classic (ETC), will allegedly stop Ethereum mining by April 2020

These reports were based on calculations made by altcoin mining pool 2Miners, which highlighted the recent drop in the hash rate output of Antminer E3 mining rigs on the Ethereum Classic network.

This drop suggested the E3’s hardware was approaching obsolescence but thanks to new firmware the miner can continue to mine Ethereum.

Launch of new firmware

To ensure Bitmain can provide efficient mining equipment for the Ethereum community, it has launched a new firmware to support the Antminer E3. This new firmware has been designed to allow miners to continue using the Antminer E3, even after March 2020. 

This new firmware addresses the prior issue of the growth of directed acyclic graph (DAG) files, which limited the capability of the Antminer E3s for mining ETH or ETC. This new firmware will expand the usage of Double Date Rate (DDR) Memory, as more space is needed to process DAG files

So, how long will the Antminer E3 last?

Thanks to the new firmware, Antminer E3’s can continue mining for the foreseeable future. The new firmware has been designed to better support the Antminer E3, and so Bitmain is confident that miners can continue using the hardware past April 2020. 

With the new firmware update, the final approximate block height of the Antminer E3 is 11,400,000. According to calculations, mining can continue until October of 2020.

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Four FAQs answered as the countdown to the Bitcoin halving begins

With less than 100 days to the next bitcoin halving, all eyes are on the world’s largest cryptocurrency. 

For crypto enthusiasts, miners and investors, this is considered a significant milestone that will pose a number of considerations to their operations. 

What is “halving” and what happens when it occurs?

The bitcoin halving or “the halving” is a deflationary mechanism that’s programmed into the Bitcoin network by the cryptocurrency’s anonymous creator, Satoshi Nakamoto, to occur every four years.

The event is a function of the bitcoin protocol and is projected to take place in May 2020, which will halve the amount of block rewards for miners from 12.5 to 6.25. 

Why is this significant for miners? 

Halvings are a significant part of a cryptocurrency’s economic model and what sets it apart from traditional currencies.

Regular fiat currencies are structured with an infinite supply and often managed by a centralised government body. 

On the other side of that, cryptocurrencies like bitcoin are designed to be a deflationary currency, which are issued in a decentralised manner via a transparent protocol. 

There are only 21 million bitcoins in circulation and less than 3 million left to issue. Because of this scarcity, mining is seen as a timely opportunity to acquire newly issued coins.

What will happen to bitcoin mining after the final halving event?

It’s important to understand what’s on the horizon for the bitcoin mining community before the halving event takes place.

The May 2020 halving event will be the third of its kind. In total, there will be 32 and after these have taken place, the supply of bitcoin will be capped. After this, transaction fees from users will be the incentive for miners to validate the blockchain. 

Currently, the bitcoin network hash rate is around 120 hashes per second (EH/s). It is estimated that this could continue to increase before the halving in May.

Once the halving does occur, mining machines that have a power efficiency higher than 85 J/TH (similar to that of the Antminer S9’s models) may no longer be profitable. Read on to find out how miners can best prepare for all this.

How can miners prepare for the upcoming halving?

As the digital mining sector has matured over the years, a greater priority has been placed on understanding the life-cycle of mining hardware.

One key question many miners may be pondering is: What if the bitcoin price doesn’t change once the halving occurs? 

Currently, most (55 percent) of bitcoin mining is run by older mining models that are less efficient. If the bitcoin price doesn’t change, the majority of the market may struggle to make a profit in mining.

Miners that have invested in hardware with all this in mind will fare well in the season ahead, while for inefficient miners, remaining in operation may not make economic sense anymore. To stay ahead of the curve, the most up-to-date miners can give operators a strong competitive advantage.

Bitmain is working hard to ensure their machines are built for a “post-halving” world. For example, Bitmain’s AntBox can cut construction costs and deployment times by 50 percent, while also accommodating 180 17 Series miners. Bitmain has also recently just announced the new-generation Antminer S19 series.

Overall, this is a good time for miners to re-evaluate their current farms and setups. Is your mining farm designed for optimal efficiency? Are your staff trained on the best practices to maintain hardware? Responding to these prompts will help to better prepare miners for operations in the long-term.

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Bitmain Announces Specs for Next-gen Antminer S19 and S19 Pro Coming Soon

SINGAPORE, 27 February 2020 – Bitmain is officially announcing the new Antminer S19 and S19 Pro, two new Antminers offering incredible performance.

The next-generation Antminer S19 and S19 Pro come in two variants. The Antminer S19 is equipped with a hash rate of 95 TH/s, while its other variant has a hash rate of 90 TH/s, both variations have a power efficiency of 34.5±%5 J/TH.

As for the Pro version, hash rates and power efficiency are further improved. The Antminer S19 Pro features a hash rate of 110 TH/s, while its other variant has a hash rate of 105 TH/s, both variations have an impressive power efficiency of 29.5±%5 J/TH.

The Antminer S19 series is equipped with a new generation custom-built chip from Bitmain, achieving a power efficiency as low as 23 J/TH. This was achieved by enhancing the circuit architecture, greatly improving power efficiency.

Utilizing the new APW12 high-conversion efficiency power supply, the Antminer S19 and S19 Pro achieve enhanced stability. New firmware also introduces faster startup speed and an intelligent control mechanism to ensure the best mining experience.

The next-generation Antminer 19 series showcases industry-leading technology from Bitmain, allowing miners to efficiently mine Bitcoin under the SHA256 algorithm. The new iteration of Antminers boasts superior performance, enabling miners to optimize earnings and is designed for better operations ensuring long-term operations.

As the Bitcoin halving approaches with the price of block rewards to be reduced, the Antminer 19 series safeguards miners for future mining.

The Antminer S19 series specifications is available on Bitmain’s official website.

For further sales inquiries, please contact Bitmain’s specified sales teams based on your region:

North, Central, South America:

Contact: sales.ncsa@bitmain.com

Europe, the Middle East, and Africa & The Commonwealth of Independent States:

Contact: sales.emeacis@bitmain.com

Asia Pacific: Contact: sales.apac@bitmain.com

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Fraudulent use of Bitmain brand by bitmain.farm and antminersmining.com

Recently, it was discovered that some websites have been impersonating Bitmain (hereinafter referred to as “our company”) and have been communicating with our company’s existing customers under false pretense.

In order to protect the legitimate rights and interests of our company and customers, our company solemnly declares as follows:

Our official website https://www.bitmain.com/ is the only official website of Bitmain. The two websites: https://bitmain.farm/register and https://antminersmining.com/ have no relationship with Bitmain. For the fraudulent use of the “Bitmain” brand, we will resolutely adopt legal means to protect ourselves and our customers’ rights and interests.

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First US cohort graduates from Ant Training Academy

Following an intensive two-week accreditation course for Level-1 Miner Maintenance, the first US-based cohort of students from Bitmain’s Ant Training Academy (ATA) in Atlanta has officially graduated.

As part of its ongoing commitment to support customers, Bitmain launched the course to support the growing number of US-based mining facilities.

The new academy seeks to provide a more convenient service for overseas customers.

“It’s fantastic that the ATA is now in the US and more accessible to my team and I. The course gave me practical experience around miner maintenance that I can now bring back to share with the rest of my colleagues,” said Brett Garman, President of The Blockyard LLC, a community of tech professionals and freelancers.

The ATA Maintenance Training Course is designed to educate maintenance personnel for mining farms on how to install, operate, and repair mining equipment. This course was also the first to run outside of Shenzhen, China, where the first academy opened in July last year

The students enrolled for this course were trained by Bitmain’s Senior Engineers of the Antminer Brand, who guided students through the foundations of mining farm operation and maintenance – as well as the more technical aspects of chip-welding, installing hashboard testers and software, and maintenance of the Antminer 17 series.

Bitmain acknowledges the hard work of the cohort, who were required to pass both a theoretical and practical exam with scores of at least 80 percent.

Graduates received “Level-1 Qualification” certificates, which validates that they have the basic skills required for miner maintenance. These ATA course certificates aim to be a global standard for cryptocurrency miner maintenance. With these certifications, graduates are also now authorized to buy miner materials. 

“Quality training is often what stands between proper long-term mining care and poor maintenance. It was a no-brainer to attend the US-based ATA course; the new location makes it much more feasible to get equipped with the right skills,” said Kyle Cosentino, Field Operations Engineer for Crusoe Energy Systems a technology-driven flare mitigation provider. 

Kyle Cosentino was awarded a certificate of Top Performance for his outstanding work during the training period. Kyle Cosentino was also awarded a gift voucher for as part of the prize.

Top student Kyle Cosentino was awarded for his outstanding performance

Overall, trainers were extremely pleased to see the keen interest of students, especially as this is Bitmain’s first overseas branch to open since the pioneer academy opened in Shenzhen last year. 

ATA’s next training period to run from 30th March to 11th April 2020. With only 10 seats available, Bitmain encourages potential students to register early. For further information, please contact us

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Bitmain strengthens global reach: names Bit5ive and Fastblock official distributors of Antminers in South America

San Jose, California, December 12, 2019 – Bitmain – the world’s leading producer of cryptocurrency mining hardware is strengthening its global reach by selecting two cryptocurrency mining consulting firms, Fastblock and Bit5ive as the company’s official distributors of Antminers in South America.

“South America continues to be an important region for the cryptocurrency mining sector. Our collaboration with Fastblock and Bit5ive will help us to build on the relationships we have with the mining community on-the-ground and instill trust in the sales process of Antminers,” said Irene Gao, Antminer Sales Director of NCSA.

Bit5ive, a Miami-based firm founded in 2013, that sells, hosts and supports the most advanced cryptocurrency hardware available on the market, will be distributing Antimners to over 30 countries in Latin, Central America and the Caribbean. 

“The Bit5ive team looks forward to a close partnership with Bitmain. The official distributor license will help to strengthen the trust South American miners have in Antminer’s sales process,” said Robert D. Collazo Jr., CEO and Co-Founder of Bit5ive.

Fastblock, a Mining As A Service (MaaS) company that has been providing mining consulting services since 2014, will be the main distributor of Antminers in Brazil.

“We are excited to be bringing our blockchain knowledge from managing over 20 mining plants since 2014, to Antminer customers in the region. We are also able to guarantee the best prices and have a highly skilled team that can advise on the most cost-effective solutions for any mining project ” said Bernardo Schucman, CEO and Co-Founder of Fastblock.

The two companies have been selected due to their capabilities in providing customers in those locations further expertise and added solution services such as: Customer Clearance Service, Logistics Service, Mining Farm Hosting Services, Consultancy, and more.

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Five highlights for the digital mining sector from WDMS ‘19

The digital mining sector is only just ramping up and this year’s World Digital Mining Summit (WDMS) was proof of this. 

The second annual industry-wide gathering of the digital mining sector was met with great anticipation with numerous attendees including leading founders, decision-makers and industry experts.

Here are five major highlights from the summit.

1. Bitmain’s co-founder, Jihan Wu, shares four initiatives to drive innovation in digital mining

Jihan Wu speaking to the attendees of WMDS

One of the major points of discussion at the WDMS was about ways to innovate the digital mining sector and during his keynote, Bitmain founder, Jihan Wu, shared four of Bitmain’s initiatives.

First, that Bitmain will soon launch a service called the World Digital Mining Map to provide a better platform to connect mining hardware owners with mining farm owners. This service will be free for BITMAIN customers.

It currently takes too long to repair mining rigs. In response to this issue, Jihan shared that Bitmain’s second initiative would be to launch repair centers worldwide to help cut down the turnaround time for repairs to just three days by the end of 2019.

For its third initiative, Bitmain will also boost its Ant Training Academy (ATA) program on troubleshooting easy-to-fix issues. Mining farm operators can send their technicians to be trained at the ATA where they will graduate with a certificate, which qualifies them to provide services.

Launch of the new Antminer S17+ and T17+

Finally, to keep up with the industry’s changing demands, Jihan shared that Bitmain will launch two new types of mining rigs – the Antminer S17+ and T17+. He also noted that Bitmain’s research and development team had made solid improvements in the design of future mining hardware models. 

2. Matrixport’s CEO, John Ge, shared the company’s vision and mission

John Ge, CEO of Matrixport

Another session that drew in crowds was the talk by John Ge, the CEO of Matrixport.

He shared that Matrixport’s vision was to be a one-stop-shop, which will offer custody, trading, lending, and payment services. With its close ties to Bitmain, John also pointed out that Matrixport would give miners an accessible opportunity to enhance their crypto portfolio.

In many ways, he mentioned that Matrixport would be similar to an online bank,where account holders can customize services according to their needs and delegate tasks to a broker to service it.

With trading engines that connect to most exchanges and also to OTC (over the counter) providers, Matrixport would also be best placed to choose the most ideal marketplace for each user’s needs, offering discounts and a tailor-made algorithm to secure a better price and high liquidity. The company will also make it possible to access capital without missing investment opportunities by acting as a lender to the market.

3. Industry leaders discuss the impact of the bitcoin block reward halving

Panel Discussion 1: Impact of the bitcoin block reward halving

The 2020 bitcoin block reward halving event was one topic that was top of mind at WDMS. To discuss the implications for the mining community, industry leaders – including Jihan Wu; Matthew Roszak, Co-Founder and Chairman of Bloq; Marco Streng, CEO of Genesis Mining; Saveli Kotz, Founder of GPU.one; and Thomas Heller, F2Pool Global Business Director – came together to share their insights.

On the previous two halving rounds, the overall sentiment from the panel was positive. However, Jihan also pointed out that there is really no way to know whether the halving triggered the price surge during both events. “We just don’t know, there is no scientific data to support any theory. Crypto itself has a lot to do with psychology, some people thought the world would end when the price dropped dramatically in the past. In the long run, this is a rather small event in this industry. This industry is driven by adoption and that is a trend which is increasing,” he said.

When asked about strategies for miners around the halving, a key theme from the panel was that keeping up to date with innovations would be essential. Jihan shared that one of Bitmain’s strategies was to focus on power efficiency regardless of whether the price remained the same or not.

4. Panel discusses the traditional finance and crypto finance ecosystem

Panel Discussion 2: Traditional finance and crypto finance ecosystem

The WDMS also covered developments in the crypto finance ecosystem. Interestingly the experts dedicated to this panel all came from traditional finance backgrounds before entering the crypto sector. This included: Cynthia Wu, Matrixport Cactus Custody (Chair); Tom Lee, Head of Research, Fundstrat Global Advisor; Joseph Seibert, Managing Group Director, SVP of Digital Asset Banking at Signature Bank; Rachel Lin, Matrixport Head of Lending and Payment; and Daniel Yan, Matrixport Head of Trading.

On mainstream adoption, Rachel said that in time, authorities will have to catch up, as examples like Libra show. Adoption from the traditional finance sector ranges in many ways. Daniel shared about interested hedge funds, which eventually shied away from investing in cryptocurrencies because of regulatory insecurities and risks. Still, he believes this to be a gradual development and is convinced that it is good to go slow to give traditional players a chance to adapt to the changing environment. 

When asked for a product that miners and the industry are in dire need of answers from the panelists ranged from better user interface and better interoperability, second-layer solutions over securitisation of assets and stable managing products to any product that is developed with client feedback to make sure that it will be a sustainable solution for the entire market that people will really use.

5. The top ten mining farms announced

WDMS: Winners of the Top 10 Mining Farms

To provide a platform for mining farm owners to share and exchange insights, Bitmain launched the search for the “Top 10 Mining Farms Around the World”. The contest was an invitation to those in the global mining industry to vote for the most innovative operations out there.

The top 10 mining farms were chosen based on what miners preferred the qualities a perfect mining farm must possess. Important qualities include but are not limited to the mining farm history, the condition of the mining farm, operation and management of the mining farm.

Winners from the top ten mining farms: Etix, Coinsoon, MineBest, GPU.One, Enegix, Bitriver, Block One Technology, CryptoStar Corp, DMG, and RRMine.

In order to further develop providing the industry with new opportunities and partnerships, preparation of the next World Digital Mining Summit will soon begin. The next summit will invite new and old attendees from the blockchain and mining sector to again be part of the world’s largest dedicated mining conference. 

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Bitmain fulfils commitment to Rockdale, Texas, with launch of cryptocurrency mining farm to construct 50MW facility

The facility was announced alongside the Rockdale Municipal Development District and DMG can expand to a capacity of more than 300MW.

21 October, 2019, TEXAS – Bitmain, the industry-leading fabless manufacturer of computing chips, has launched its 50MW mining farm in Rockdale, Texas, as announced today alongside the Rockdale Municipal Development District (MDD) and DMG. 

“We are excited to launch this facility, which is significant to Bitmain’s global expansion plans. The stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry,” said Clinton Brown, Rockdale Lead Project Manager for Bitmain.

Rockdale, Texas, Opening Ceremony

Construction of the initial 25MW of the mining farm, on a 33,000 acre site owned by Aluminum Company of America, Alcoa, began in 2018 as part of the company’s ongoing plans to build the world’s largest cryptocurrency mine. 

Bitmain will continue to construct the 50MW facility, which can expand to a capacity of more than 300MW, making it the largest bitcoin mining facility in the world.

Rockdale, Texas, Mining Facility

“Bitmain will be the future for developing new industry projects in Rockdale, Texas. We are excited to continue to build partnerships together,” said John King, Rockdale Mayor.

The cryptocurrency mining farm in Texas, completed using a newly developed design patent, is the third cryptocurrency mine project invested in by Bitmain in the US, one of the company’s most strategic overseas locations. 

“This mining facility marks a major milestone in the development of the mining farm industry. We are proud to partner with Bitmain, the leading innovator in this sector”, said Sheldon Bennett, COO of DMG, which will manage and operate the mining facility in Rockdale.

DMG will provide hosting and management services for the Texas facility. Bitmain and DMG will work together to expand the capacity and to ensure efficient operations of Bitmain’s mining hardware. 

Both parties will work with the local workforce commission, the Rockdale MDD, on the project development and to grow its on-ground team at the Rockdale mining facility. The will look to local suppliers in the town as preferred vendors to support the ongoing construction of the data centre. 

To power the project, Bitmain is purchasing energy directly from the Electric Reliability Council of Texas (ERCOT), which operates the electric grid in Rockdale, Texas.

Bitmain has plans to work with the local school district to provide education and training on blockchain technology and mining data centre operations. In doing so, it hopes to contribute to the future growth of the surrounding communities.

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Bitmain announces two new Antminer 17 series miners at World Digital Mining Summit

FRANKFURT, 9 October, 2019 – Jihan Wu, Co-founder of Bitmain, announced two cryptocurrency mining models – S17+ and T17+ – from the Antminer 17 series at the World Digital Mining Summit (WDMS) in Frankfurt today.

Both new miners will come with improvements to power efficiency and hashrate. The Antminer S17+ has a hash rate of 73 TH/s and operates with a power efficiency of 40 J/TH + 10%, while the T17+ offers a hash rate of 64 TH/s and a power efficiency of 50 J/TH + 10%. 

“Our new Antminers are at the forefront of mining innovation. They each represent the future of its rig design and power efficiency. We remain committed to our research and development capabilities and will continue to improve our devices,” said Mr. Wu at the WDMS. 

Antminer S17+ and Antminer T17+

By using dual tube heat dissipation technology, the miners have been designed so that the space between the air inlet to the air outlet has been reduced by 50%, improving heat dissipation effectively as well as reducing fan noise. Besides, a high temperature and fan abnormal protection mechanism has been built in to ensure the stable and safe operation of the miners.

Both Antminer S17+ and T17+ use the industry leading Exposed Die package solution and an optimized  all-in-one design, making the models easily to be implemented and can adapt to mining farms of different sizes.

The Antminer S17+ and T17+ will be available for sale on Bitmain’s official website according to the following timing:

Selling Time: 11 October 2019, 19:00 GMT+8 

Delivery Time: 01- 10 December 2019 

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Bitmain to launch new model in Antminer series at World Digital Mining Summit

SINGAPORE, October 5, 2019 – Bitmain will unveil the newest and highly anticipated miners in the Antminer series at the World Digital Mining Summit (WDMS),  one of the largest digital mining events of the year organized by Bitmain and Matrixport on 8-10 October.

“It’s Bitmain’s commitment to support and contribute to the whole digital mining ecosystem and we want to bring distinguish leaders together to figure out the best and smartest way forward for the digital mining sector. WDMS will be a unique gateway for people to gain industry insights, knowledge and high-class networking,” said Bill Zhu, Managing Director of Marketing, Sales & Service of Bitmain.

During the conference, at the Frankfurt Congress Center in Frankfurt, Germany, Bitmain will release details on the soon to be announced Antminer, which comes with improvements to power efficiency and hash rate.

Apart from that, Bitmain’s Co-founder Jihan Wu will give a keynote speech and participate in a panel discussion on the impact of BTC block reward halving on mining, which is considered to be a significant milestone for the bitcoin mining sector.

The WDMS 2019 will focus on the digital mining ecosystem and topics that would impact the sector, such as crypto financing. Over 30 global leaders from around the world will gather at WDMS to discuss the latest industry insights.

Attendees will also get insights from Bitmain’s global digital mining farm report analysis, and gain guidance on mining hardware repair from professional Antminer engineers.

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