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Bitmain to reveal world’s first Big Data Analysis Report of Global Mining Farms during World Digital Mining Summit this October

SINGAPORE, 11 September 2019 – Bitmain – the world’s top 10 fabless chipmaker – is set to release the world’s first Big Data Analysis Report of Global Mining Farms during the World Digital Mining Summit (WDMS) on 8-10 October in Frankfurt.

The report will provide in-depth analysis and insights on the cryptocurrency mining industry – covering mining farms, to global electricity costs, site selection of mining farms and construction expenses – to help decision-makers have a more complete and comprehensive understanding of the market opportunities, risks and hurdles.

“Bitmain is proud to be leading research and development efforts in the cryptocurrency mining industry and this comprehensive big data analysis report is a successful outcome of it, thanks to our strength and experience accumulated in this industry,” said Matthew Wang, Director of Mining Farm of Bitmain.

The agenda for the two-day summit features industry investment and innovation for the mining sector. Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), and more than 30 industry leaders will gather to share their knowledge and insights of the industry. 

Keynote speech topics include but are not limited to: Decentralized Digital Mining, Mining and Power Generation,Higher Efficiency of Mining Operations, New Trends in Digital Mining, Innovating in Mining – New Revenue Streams, Development of Miner Firmware, Modular Design, and Construction of Data Center.

Participants of the WDMS can also expect panel discussions on Bitcoin Block Reward Halving and Traditional Finance and Crypto Finance Ecosystem, as well as networking dinners and opportunities of growing their network and business.

The full event agenda, guest list and ticket details for attendees can be found here.

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Bitmain’s looking for the world’s top 10 mining farms. Could it be yours?

The digital mining sector is booming. Naturally, as the cryptocurrency sector grows, so has the development of mining farms.

To provide a platform for mining farms owners to share and exchange insights, Bitmain has launched the search for the “Top 10 Mining Farms Around the World”.

Sample Photo:Mining Farm

The contest is an invitation to those in the global mining industry to vote for the most innovative operations out there.

Winners will receive VIP tickets to the highly anticipated World Digital Mining Summit held in Frankfurt on 8-10 October 2019 and will be presented their winning titles at the event.

How to Participate and Register

1. Show us why your mining farm should win

To participate, please submit the following details about your mining farm for consideration

  1. Location
  2. Capacity(Example: 50 MW ready for use with a total load of 100 MW.)
  3. Mining farm condition(Example: There is a water cooling system, a heating system, etc.)
  4. Hosting price
  5. History running status(Example:There are 10,000 Antminer S9 in smooth operation at present)
  6. Available slots
  7. photos

2. Submit all required materials by email before 13 September

All submissions must be sent in full to be considered and shared to the official competition email: miningfarm@miningconf.org

Alternatively, you can also email the materials to an Antminer salesperson who you are familiar with.

3. Vote

Once we have received all the materials from mining farm owners, Bitmain will invite miners from around the world to vote.

Voting period: 16-20 September 2019

The campaign starts from the publication of this post – don’t miss out and register today!

We look forward to meeting you in Frankfurt this October!

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Bitmain expands in-demand Antminer 17 series with two new miners; reveals specifications and selling times

HONG KONG, 06 Sep 2019 –Bitmain, the world’s top 10 fabless chipmaker, has expanded its in-demand Antminer 17 series of miners with two new models – Antminer S17e and Antminer T17e, – and is announcing specifications as well as selling times ahead of the launch date on 09 September 2019.

The Antminer S17e and T17e models have been designed to offer the best value for money. The Antminer S17e has a hash rate of 64 TH/s and operates with a power efficiency of 45 J/TH, while the T17e offers a hash rate of 53 TH/s and power efficiency of 55 J/TH.

Antminer S17e

Significant improvements to power efficiency and hash rate have been achieved from Bitmain’s comprehensive strength accumulated over the years in the field and relentless technological innovation.

Both new models have been designed for more stable operations in the long-term to reduce maintenance costs for customers. This is made possible through the dual tube heat dissipation technology which improves how efficiently heat dissipates. The models are also equipped with a more secure software system to prevent malicious attacks.

Antminer S17e & Antminer T17e

Bitmain also introduces its compensation strategy for delivery delay. If mining machines are not shipped after a certain period of the specified delivery date, Bitmain will compensate customers by coupons for each day of delay, based on PPS rewards of the mining pool (electricity cost deducted).

The Antminer S17e and T17e will be released in three batches and will be available for sale on Bitmain’s official website according to the following timings:

1st Batch: 

Selling Time: 09 September 2019, 19:00 GMT+8

Delivery Time: 01- 10 November 2019

2nd Batch:

Selling Time: 10 September 2019, 19:00 GMT+8

Delivery Time: 11-20 November 2019

3rd Batch: 

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

Delivery Time: 21-30 November 2019

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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Bitmain’s 4th Crypto Mining Forum in California promotes enhanced resource management and pre-announces upcoming new miner

The highly anticipated conference hosted industry leaders who shared insights on new initiatives to support the mining ecosystem and initial details on upcoming miner models

Attendees at the CMF in California


USA, CALIFORNIA SEP 04, 2019 – Bitmain – the world’s top 10 fabless chipmaker – hosted the 4th Crypto Mining Forum (CMF), a full day mining event which promotes initiatives for miners in the North Central South America region. 

The event provided attendees with in-depth analysis and insights on the cryptocurrency mining industry with a special focus on how Bitmain provides enhanced services for current and future customers. 

The CMF also provided attendees the opportunity to speak, share ideas, network, and discover new resources from Bitmain and other participants. The event included a variety of customer-focused keynote speeches, panel discussions on the topic of mining optimization in the NCSA region and the awarding of the Antminer Pizza Campaign. 

During his speech, Bill Zhu, Bitmain’s Managing Director of Marketing, Sales & Service shared how Bitmain’s innovative mining ecosystem provides end-to-end support for miners from purchasing, to after-sales, hosting services, and financing. Zhu also announced that Bitmain will be releasing new Antminer models in the following weeks.

Bill Zhu, Managing Director of Marketing, Sales & Service discussing Bitmain’s new mining ecosystem

There were also discussions on how Bitmain would better help its customers plan and adjust for future fluctuations. Sharif Allayarov, Bitmain’s NCSA Regional Director, explained how the company has improved the product purchasing experience, incorporated pre-order agreements as well as purchase agreements from the standard purchasing process. 

CMF Panel Discussion: Mining Cost and Revenue Management [Nathaniel Yu, Dave Perrill, Ivan Yuan, Roozbeh Ebbadi, Philip Salter, Shirley Tong, Robert B. Ladd]

Andy Niu, Bitmain’s Customer Service Manager also shared how an improved support system can better serve its customers through its after-sales service and the newly launched Ant Training Academy. He also revealed new plans to strategically launch repair centers in the USA and across different countries to decrease miner downtimes. 

The CMF also involved discussions on hosting services for miners, Nathaniel Yu, International Marketing Manager explained more about Bitmain’s mining farm evaluation system and big data report, which will take place during the WDMS 2019 this coming October 8-10 at Frankfurt, Germany.

Lastly, Daniel Yan, Founding Partner and SVP of Trading, Matrixport discussed how the company can offer its financial services which benefit miners through trading, lending, and custody. Miners could take Matrixport as a one-stop-shop to fulfill all their crypto-financial needs, from liquidating/hedging their coin holdings, getting loans or safeguarding their crypto assets.

BTC.com’s Jane Hu, COO and Antpool’s Eric Wang, Operations Manager also attended the CMF event to discuss the future of mining pools and new services, which continues to service the sector globally to support cryptocurrency mining operations.


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Fraudulent use of “Bitmain” by Mangocoin (MGC)

We have recently become aware of the fraudulent use of the “Bitmain” brand in the sale of a product named “Bitmain Cloud Miner” and its use in the promotion of “Mangocoin (MGC)” on its website, APP and software. In this regard, we’d like to clarify the following:

1. “Mangocoin (MGC)” and its website, APP, social media accounts, WeChat groups, QQ groups, etc. are not business channels or platforms of Bitmain, and these have no connection or affiliation with us whatsoever.

2. The “Bitmain Cloud Miner” on any platform of “Mangocoin (MGC)” is not developed by Bitmain.

3. For the fraudulent use of the “Bitmain” brand and any imposters, we will resolutely adopt legal means to protect ourselves and our customers’ rights and interests.

4. We would like to remind our existing and potential customers to correctly identify the service provider when purchasing products, to sign up for or purchase anything online only after careful deliberation and stay alert to misleading promotions, illegal fund-raising, fraud and other malicious activities on the internet.

When some of these activities catch our attention, we inform the public about them through our blog, where there is section dedicated to such announcements. If you would like to report any such activities to us, please leave us a message here.

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Bitmain’s highly anticipated World Digital Mining Summit to address the future of digital mining with a focus on financial growth

Cryptocurrency mining leaders to speak include: Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), and more.

HONG KONG, JULY, 30 2019 – The World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker – is set to return on 8-10 October in Frankfurt with a focus towards industry investment and innovation for the mining sector.

The second edition of the WDMS will expand its mining agenda to include various financial solutions into digital mining, mining optimization solutions, and showcase top mining and blockchain companies.

Over the two-day mining summit, attendees will have the opportunity to undertake workshops, hear keynote speeches from the industry’s leading minds, and meet new and old acquaintances from the mining industry.

Thought leaders confirmed to speak include Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), amongst others. A full and updated list can be found here.

The 2019 WDMS will also provide attendees a chance to network with key industry decision makers, mining experts, investors and entrepreneurs.

The summit comes at an important time for the development of the cryptocurrency mining industry as the sector matures and demand for new and innovative ways to enhance digital mining grows. 

WDMS continues to be the ideal setting for global miners to gather, share ideas and shape the future of the mining industry.

The full event agenda and ticket details for attendees can be found here.

Members of the press can apply for a pass by sending an email to media@miningconf.org


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A look at the living legacy of the Antminer S9 SE & S9k

The Antminer S9 launch coincided with the starting gun for the great bitcoin bull run of 2017, which led to never-before-seen highs of $19,783. Much like Bitcoin, it has remained a strong part of the cryptocurrency industry ever since. 

During the spike in mining activity leading up to 2017, hardware was struggling to keep pace with the difficulty of the algorithm, as many miners joined the industry.

The launch of the Antminer S9 in May 2016 offered improvements of up to three times on existing models, which marked a change in delivering a higher hash rate without decreasing energy efficiency. 

Able to mine under the SHA256 algorithm at a rate of 14 TH/s, the S9 quickly came to dominate the cryptocurrency mining industry, with each batch selling out within a few hours. It offered a significant increase in ROI – one that was unparalleled by other miners at the time.

Ever since, the Antminer S9 has remained in high-demand, as seen with ongoing requests about the next batch.

In fact, the Antminer S9 remains one of the most used miners ever up to this very day. It was the world’s first Bitcoin miner to make use of 16nm chips, a powerful chip that continues to power the world’s most power-efficient bitcoin miner.

Launching a new generation of Antminer S9 models marks the perfect opportunity to review the progress made since the first S9 hit the market.

Evolution: The next steps

Antminer Series Evolution

Launched at the height of the bull run, Bitmain engineers worked tirelessly to improve the Antminer S9’s performance.

The team managed to release the Antminer S9i just a year later, on May 2018, followed by the improved Antminer S9j, mere months later in August 2018. Each model offered an improved hashing rate of 14.5Th/s, whilst achieving a reduction in energy consumption.

In that same August, Bitmain started to experiment with more ecologically minded means of running and cooling down miners with the Antminer S9 Hydro and its water-cooling system. It was able to operate with a hashrate of 18 TH/s, whilst maintaining a lower noise level and running an improved cooling mechanism.

In this period of intense growth, it was important for the mining community to be supplied with the best technology there was, without diverting too much from industry-wide long-term goals and developments.

Entering a new chapter

With no sign of demand for the S9 models slowing, Bitmain has continued to work on making this model more efficient and more affordable than ever.

A new design structure was introduced for the S9 Special Edition (SE) and the S9k, achieving an enhanced performance whilst limiting power consumption. The S9k hashes at a rate of 13.5 TH/s, with a remarkable power-efficiency rating of 85 J/TH. 

The S9 SE takes it one step further – delivering a hashrate of 16 TH/s whilst achieving an even better power-efficiency rating of 80 J/TH, and only weighing in at a modest 4.5kg, making it the most energy efficient of the Antminer S9 series. 

The original Antminer S9 was revolutionary at the time with its 14 TH/s hash rate, but demanded 100 J/TH; an additional 15-20% more energy, which eats into mining profits.

The Antminer S9 SE breaks even a bit over 3 months – based on the price of Bitcoin at the time of this writing. That said, miners with access to cheaper electricity or renewable energies can be seeing pure profits even earlier. This is a marked improvement on the standard set by the S9, and one that will be continually improved on.

In such a rapidly-evolving space as cryptocurrency mining, engineers never know where exploratory developments will take them, so it’s always an exciting day to unveil an improved product.

As new means of mining continue to be developed, it is important to uphold the legacy of the models that paved the way.

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Pioneer cohort inducted to Bitmain’s Ant Training Academy for industry’s first accreditation course for miner maintenance

SHENZHEN, 15 July 2019 – Bitmain, the world’s top 10 and China’s second largest fabless chipmaker, has inducted the pioneer cohort for the Ant Training Academy (ATA) to officially launch the industry’s first accreditation course for miner maintenance.

“Until now, education around miner maintenance was limited to what industry participants could ‘hack’ together. The Ant Training Academy is part of Bitmain’s continued commitment to improve cryptocurrency mining standards, encourage more sustainable practices and bring credibility to the industry,” said Jiang Zhihua, Bitmain’s Global Marketing Director. 

Ant Training Academy Opening Ceremony

ATA’s Maintenance Training Course is designed to educate maintenance personnel for mining farms on how to install, operate, and repair mining equipment. The course runs for a two week period in Shenzhen, China.

The first 16 participants enrolled for this quarter were inducted to ATA’s Maintenance Training Course in an opening Ceremony in Shenzhen where they will be trained by Bitmain’s Senior Engineers of the Antminer Brand.

Successful course participants will qualify for a “Certificate of Accomplishment”, which will include an assessment of their skill level. ATA course certificates aim to be a global standard for cryptocurrency miner maintenance. High-performing participants will be awarded certificates of Excellence and Top Performance.

Ant Training Academy Programme

“Getting the maintenance process right helps to extend the lifetime of cryptocurrency mining hardware. But right now, it is difficult to find the right resources to help one to upskill. I look forward to taking ATA’s course as it’s practical, will save us the cost of sending miners for repair and would shorten the timeframe of miner downtime in the long run,” said Tang Huihong, a technician at a company selling second-hand miners.

Full programme details for ATA’s Maintenance Training Course can be found here.

Applicants for ATA’s next cohort can register via Bitmain’s website.

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As bitcoin price rises, Bitmain sees an increased interest in Antminers at Bitcoin2019

Cryptocurrency mining can only succeed if there is a community of miners and enthusiasts, so Bitmain was glad to participate in the Bitcoin2019 conference in San Francisco last week.

With Edward Snowden giving a virtual address, and a programme packed with countless founders, BUIDLers and C-level cryptocurrency history-makers, this was an audience that came because it cares about the future of Bitcoin, and cryptocurrency’s global potential for disruption.

Antminer Booth in Bitcoin2019

In the exhibition hall, the Antminer booth was packed with interested attendees who were looking to learn more about the Antminers currently on the market, and how to get started in cryptocurrency mining. Few things pique the interest of a bitcoin crowd like an imminent bull run.

Speaking to a buzzing audience on the Main Stage, Sharif Allayarov, the regional director of North Central South America, gave the audience a brief overview of Bitmain’s history, achievements, and Antminers.

Decentralizing knowledge 

With the background set, Sharif outlined the current state of Bitmain; clarifying the separate Bitmain brands, and each of their functions, before highlighting how they all fit within the blockchain industry, with a particular focus on service.

This offered an opportunity to provide insights into how Bitmain innovates and learns to best serve its customers, whilst also sharing how the company is growing at a pace it can maintain. 

Building on from Bitmain’s service repair training module comes in a newly updated program: The Ant Training Academy (ATA).

Promoting longevity in cryptocurrency mining

Ant Training Academy

As mining establishes itself as an industry, the bitcoin community has primarily taught itself how to fix Antminers and hacked together all sorts of genius solutions. 

In honour of their perseverance, and in order to extend the productive life of Antminers, Bitmain is establishing an academy to share the insights and techniques that keep Antminers operating for as long as possible.

This is also part of a commitment to pursuing sustainable ways to mine cryptocurrency, and developing innovations that serve customers throughout the product’s lifetime – not just at the selling point.

A continued commitment to improve the cryptocurrency mining ecosystem

In Bitmain’s six years, a lot has been learnt about the cryptocurrency mining ecosystem, as the company has grown alongside the ecosystem. It fits with a dedication to decentralisation to share that knowledge, and use it to strengthen the industry as a whole.

Swayed by the speech, Sharif was approached by throngs of audience members afterwards, keen to take his contact details to establish and further expand relationships to improve the cryptocurrency mining roadmap. 

The rising price of bitcoin has served to further fuel interest in hobbyist and aspiring enterprise miners alike, with questions ranging from the practicalities of which products best suit their needs, through to managing power efficiency and the best methods of maintenance.

It seems only apt that the cradle of technology innovation on America’s West Coast became the stage for a global audience to hear about this Chinese company’s renewed vigour in supporting all of its customers, worldwide.

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Bitmain’s Jihan Wu Delivers Keynote at The Way Summit, Moscow

Today, Bitmain co-founder, Jihan Wu presented a keynote speech on the debate of Decentralization and Centralization in Proof of Work (PoW) at The Way Summit in Moscow, Russia.

The Way Summit is a leading international forum, held in Moscow, that brings together investors and talent from the West and East.

Jihan spoke alongside leading cryptocurrency influencer Roger Ver, Capital Markets Managing Director at Accenture, Michael Spellacy, and a selected number of industry thought leaders.

After explaining that in its essence, PoW is an economy model that is decentralized by design, Jihan went on to weigh upon its benefits to the cryptocurrency network.

The greatest threat to PoW, he argued, is centralization.

With PoW, the network is maintained through the established social contract between all network users meaning that the resilience of the network doesn’t just rely on a single node, ensuring greater security.

When PoW markets are centralized it can lead to market failure due to factors such as an artificial barrier to entry and price distortion caused by manipulation, Jihan explains.

There is also a common misconception that ASICs cause centralization whereas GPUs do not. Jihan busts this myth noting that centralization is a result of market failures and other factors, which exist even for GPUs. In fact, Jihan noted that ASICs can actually prevent centralization.

One of the key points he makes is that, higher profits for miners actually incentivises more miners to contribute to the network, expanding the mining user base.

With an expanded mining pool, networks are less susceptible to 51 per cent attacks.

Jihan’s insights were well-received by the audience of revolutionary-minded entrepreneurs, investors and individuals contributing to the community and offered a chance to reflect on how PoW algorithms and economic theory work in practice.

After connecting with a community who are powering the theory behind the development of blockchain economies, we look forward to bring with us new insights back to Bitmain.

Being a part of The Way Summit has been invaluable and helpful as we continue to develop leading technologies that empower all network participants and strengthen the network.

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