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Marathon Patent Group Purchases Additional 70,000 19 Series Miners from Bitmain

Marathon continues to grow its total hashrate to over 10.36 EH/s expanding total fleet to 103,000 next-gen Bitmain Antminers

Hong Kong, Dec. 28, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware today signed a new purchase contract with Marathon Patent Group, Inc. (“Marathon”), one of the largest Bitcoin self-mining companies in North America, for 70,000 Antminer S19 series ASIC miners. The first batch of 7,000 S19 miners are planned to arrive in July 2021, and the rest will be shipped by December 2021.

The $170 million new purchase will more than triple the size of Marathon’s existing fleet of 33,000 miners. After full delivery and deployment of the order, combined with the company’s prior miner purchase, Marathon is expected to remarkably increase its mining hash rate to 10.36 EH/s, with 103,000 Antminer S19 Series miners in total.

“We are excited that Bitmain has won this record-breaking purchase contract from Marathon and has been part of its impressive growth this year. The new deal of 70,000 Antminer S19 Series with Marathon convincingly demonstrates our S19’s powerful role in bringing best-in-class mining efficiency to our customers. We are extremely pleased that Marathon continues to grow their mining presence, and our partnership continues to mutually benefit both of our companies.” Said Irene Gao, Antminer Sales Director of North, Central, and South America (NCSA) at Bitmain.

Marathon’s chairman and chief executive officer, Merrick Okamoto, stated, “This purchase is the largest order in dollar terms as well as the single largest order for Antminer S19 ASIC miners that Bitmain has ever received. We appreciate the hard work their team is putting in to fulfil this order as well as the 30,000 S19 miners we have purchased since August 2020. Our relationship with Bitmain is an important component of our potential for future success, and we look forward to continuing working with them to scale our business.”

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ViaBTC Pool enters into a strategic partnership with Bitmain’s AntSentry

December 23, 2020 / ADMIN / 0 Comments

Today, ViaBTC Pool announced a strategic cooperation with AntSentry, a subsidiary of Bitmain, the world’s largest ASIC miner manufacturer. Both parties will cooperate on technology, operation and maintenance, marketing, and customer service to provide quality services to miners and data centers worldwide.

AntSentry is a cloud service-based miner monitoring, operation, and maintenance management system developed by Bitmain, providing a full range of management support services for miners globally. AntSentry debuted during the annual mining summit in Sanya, releasing its international version in December, covering countries and regions in Asia, North America, and Europe. Within this short amount of time, AntSentry has developed into the leading miner operation and maintenance management system with vast applications and manages the most miners in the world, receiving numerous praise of its services.

ViaBTC Pool is the fifth largest BTC pool and the largest BCH pool globally, providing secure and professional cryptocurrency mining services to over 1 million users in more than 130 countries and regions. Innovation has always been at the heart of ViaBTC’s philosophy. Every ViaBTC account has a built-in wallet with four central functions: revenue storage, asset top-up, free withdrawals, and transaction acceleration. The wallet supports trading features such as automatic conversion between hourly mined coins and USDT, making it easier for miners to make profits.

This strategic partnership sparks a strong alliance in the cryptocurrency mining industry,” said Zhihua Jiang, Partner, and COO of ViaBTC Group, “ViaBTC is committed to providing the best products and services to our users. As a close partner of Bitmain, we have been following the development of AntSentry. We hope we can provide mature and stable miner operation and maintenance management services to the majority of miners, and AntSentry fills in this gap.”

Bob Liang, head of AntSentry business, said, “As the industry continues to develop towards institutional operation, AntSentry provides key capabilities to help customers win a head start: Efficient and comprehensive monitoring, operation and maintenance capabilities for large data centers; and cloud-based remote management capabilities. We hope to help customers raise business profits in the ever-growing market competition and maximize benefits through efficient management.”

Data centers using AntSentry can save up to 50% of labor while improving operation and maintenance efficiency by up to 800%. AntSentry comes with twelve key functions set in place for large-scale application, including computing power, security, operation and maintenance, and data management, which significantly reduce the time needed to complete the inspection of the entire data center from one hour to two minutes, and the time needed to upgrade miner’s firmware is reduced from three days to twelve hours. Ten common failures are set to be solved with one click, including illegal sub-account and pools, zero hash rate, low hash rate, fan misfunction, and miners that have gone offline.

Since its inception, ViaBTC Pool has been committed to becoming the world’s leading digital currency mining pool, aiming to make the world a better place through blockchain. ViaBTC Pool’s core strengths are security and stability, openness and transparency, and low fees. ViaBTC’s technical team comes from top internet companies and has maintained a 99.99% uptime since its launch, and uses multiple visualizations to provide real-time hourly detailed pool and mining data for users.

The combination of the world’s leading mining pool and the most advanced OMS are expected to bring more benefits to miners and promote faster and better development of the whole industry.

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Bitmain Signs Another Deal of 15,000 Antminer S19 Series with Riot Blockchain, Empowering it with a Significant Mining Hash Rate Growth

December 22, 2020 / ADMIN / 0 Comments

Hong Kong, Dec. 22, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware today announces a new purchase deal of 15,000 S19 Series Antminers with Riot Blockchain, Inc. (“Roit Blockchain” or “Roit”), a Nasdaq-listed cryptocurrency mining company. This approx. $35 million purchase is comprised of 3,000 S19 Pro Antminers (110 TH) and 12,000 S19j Pro Antminers (100 TH). These top-selling miners are scheduled for receipt and deployment starting in May 2020 and continuing through October 2021.

In total, Riot has purchased 37,640 next-gen fleet of miners from Bitmain within this year. Bitmain’s S19 Series has quickly become a true game-changer and a model of high performance in the market since its debut. With the new order of 15,000 S19 series Antminers, combined with the previous purchases, Riot is predicted to significantly increase its mining rate capacity to 3.8EH/s in 2021 and will gain an aggregate mining efficiency of 31.79±% 5 J/TH after full deployment.

“We are extremely excited to expand and deepen our partnership with Riot Blockchain again this year. In total, Riot additionally purchased 15,000 Antminer 19 series. The 19 series enjoy a wide popularity in the global markets with outstanding hash rates and power efficiency, which continuously bring tremendous values to our customers around the world. I am confident that with the new purchase, Riot can continue to grow their mining operation and play an increasingly vital role in bitcoin mining across North America.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

“Continued growth in deployed miners is paramount to a miner’s success,” said Jeff McGonegal, CEO of Riot. “Expanding the Company’s bitcoin mining hash rate and operating on a cost-effective basis is very important, particularly during periods when the bitcoin spot price has appreciably increased. We are pleased to have secured this latest purchase, especially given that the available supply of mining hardware continues to become increasingly scarce.”

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Bitmain Facilitates Long-Term Partner Core Scientific Becoming the Largest Miner Hosting Provider in North America with over 58,000 additional S19 Series Antminers

December 18, 2020 / ADMIN / 0 Comments

76,024 S19 Series Antminers are Purchased by Core Scientific in the past 16 months

Hongkong, Dec. 18, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware, today announced a new purchase deal with Core Scientific, the largest blockchain hosting provider in North America. More than 58,000 additional S19 Series Antminers will be shipped to Core Scientific through September 2021, bringing the total purchase of Bitmain’s S19 Series to 76,024 in the past 16 months for the value of over 129 million USD.

Back in June this year, Core Scientific has bought 17,595 units of Bitmain’s next-gen Antminer 19 Series. Ever since then, the market demands for digital asset mining has been growing significantly and driving hosting service providers, such as Core Scientific, to expand their facilities. Bitmain’s S19 Series has been the top-selling mining machine in the global market ever since launched. With the custom-built 7nm chip from Bitmain, S19 Series has set a new industry standard and proven its stable yet efficient performances.

“Since our last purchase agreement with Bitmain in June, Core Scientific has witnessed surging demand from new and existing customers in addition to a significant uptick in institutional interest for digital asset mining in North America. I am very pleased to note that over 17,000 of Bitmain’s new-gen digital mining machines have been stable and operating efficiently within Core Scientific’s facilities. This is instrumental as we compete for head-on for global hash rate and solidify our position as the largest hosting provider in North America.” Said Kevin Turner, President, and CEO of Core Scientific.

“Core Scientific has been a long-time customer and friend to us. Together we have been driving the digital asset mining ecosystem in North America. This new purchase is another strong proof of their determination to take the game to the next level by facilitating more customers to participate in the mining market. We are honored and glad that our products can be part of it.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

Earlier this year, Bitmain just announced to set the very first and only cooperative repair center in North America through a partnership with Core Scientific. Before that, Core Scientific cooperated with Bitmain to bring the very first Antminer Training Academy to North America last year.

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Understanding the Dry Season for Mining in China

December 15, 2020 / Nathaniel Yu / 0 Comments

Starting from September, the Southern West of China enters the dry season, meaning the low price of hydropower in that region is no longer available until the rainy season next year. The dry season creates a tremendous impact on the mining landscape of China, even the world. Without the advantage of low electricity costs, miners in China are looking for ways to stay profitable and survive the dry season. Income depends on the revenue brought by the miner’s computing power and the cost of operating the miner.

Electricity Cost Control

Without the cheap hydropower, the more economical electricity resource is now the thermal power located in Inner Mongolia and Xinjiang. To maintain operations, some miners choose to move their miners to these areas. A smooth and successful migration depends on the following items:

Consistent and Reliable Power Supply

Except for the competitive price, the continuity of the power supply should be a priority. In fact, in many thermal power generating areas, the power supply stability has been an issue when mining farms cluster around power stations, sometimes causing instability.

Compliance

Regulations may affect the power supplied to facilities and, some provinces in China may not be as supportive of mining. For example, although featuring the advantage of low electricity price, Inner Mongolia government is controlling the area’s mining operation. At the end of 2019, the Ministry of Industry and Information Technology in Inner Mongolia issued a notice to the Inner Mongolia Power (Group) Co. Ltd. Under the notice, some companies who were found undertaking mining operations would no longer be able to obtain favorable electricity prices through Inner Mongolia’s Multilateral Trading Market.

Partner

The reliability of the partner is also a key factor to consider. Before signing the contract, miners should take into consideration the reputation, infrastructure, and operating mode of the mining farm, also its compliance to avoid unexpected losses.

Miner Efficiency Iteration

The dry season brings challenges but also great opportunities. With the elimination of older miner models, the overall hash rate of the network has decreased, so has the overall difficulty, leaving more room for new machines with higher hash rates to enter.

Bearing that in mind, a solution of better-performing machines is key to grab the opportunity. Bitmain’s Antminer 19 series is a strong proof of that. The Antminer S19 Pro features a hash rate of 110 TH/s and an impressive power efficiency of 29.5±%5 J/TH. The Antminer S19 is equipped with a hash rate of 95 TH/s and power efficiency of 34.5±%5 J/TH. And once the series is out on market, it was sold out immediately, Bitmain has delivered tens of thousands of Antminer 19 Series and has been continuously optimizing the supply chain.

The nearly six-months dry season has always been a challenge for miners in China, but at the same time, there are still plenty of opportunities. Bitmain continues to help customers discover and seize opportunities with more high-quality products and services.

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Bitmain Releases AntSentry International Version, Making Mining Easier

December 14, 2020 / ADMIN / 0 Comments

Bitmain today launched the international version of AntSentry – a cloud-based operation and maintenance management system. Earlier this year, the Chinese version of it was launched at Bitmain’s annual mining summit in Sanya and has gained positive feedback. The AntSentry platform provides comprehensive management support services, including real-time miner monitoring, batch operation, automatic operation and maintenance, profit analysis, safety protection, and digital operation. The international version now brings all the functions to customers around the world.

AntSentry aims to provide an easier and more accessible approach to customers by making mining easier. With that in mind, AntSentry was designed to support almost all mainstream mining hardware models including Antminer, Whatsminer, Avalonminer, and Innosilicon, and is compatible with BTC.com, AntPool, HuobiPool, F2Pool, Poolin among other mining pools. Up until now, AntSentry has access to more than 50 data centers and manages more than 500,000 miners, and is still growing.

“The company has attracted many Chinese miners and has gained strong momentum. Customers have given us very positive feedback, they have seen a strong improvement of operational efficiency and successfully reduced operation and maintenance costs with more efficient overall monitoring and management. AntSentry’s performance spoke for itself.” said Bob Liang, Business Line Leader of AntSentry.

AntSentry showcases new advanced features: One-click management for the top ten most frequent failures, batch execution for eight most common operation procedures, automatic intelligent operation and maintenance, security protection, and statistics center.

Users in China have spoken very highly of AntSentry. It has truly made mining easier with real-time effective monitoring of offline mining data, miner failures, and mining pool allocations. The AntSentry management system can analyze data centers’ quantitative data to generate efficient mining solutions.

AntSentry’s international version is now being deployed globally, growing its presence especially in Europe, Western Asia, the United States. As the functions of AntSentry improve, it helps miners and data centers gain a significant competitive advantage in the global market, and will keep growing into a strong tool for the entire cryptocurrency mining industry.

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VBit Technologies Purchases Over Eight Million USD Worth of Antminer 19 Series from Bitmain

December 14, 2020 / ADMIN / 0 Comments

Over 3,000 Antminer 19 series will arrive in batches from December 2020 to August 2021

Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that its long-time client of the Antminer brand based in the US – VBit Technologies – has purchased over 3,000 19 Series Antminers worth over 8 million USD. The Antminer S19 and S19 Pro are the latest generation of ASIC mining hardware from Bitmain. With this new arrangement, VBit is looking to increase its current aggregate operating hash rate by over 50%.

117 S19 miners will be delivered this December, followed by hundreds of S19 Series models that will be shipped and deployed every month up until August 2021.

“VBit is a long-time client of ours and have maintained a collaborative partnership with us for the past few years. We are glad to be of assistance in their efforts to expand their mining operations and to grow their presence in North America. This deal, again, proves the strong performance and capabilities of the Antminer 19 Series and our commitment to providing customers around the world the most efficient and powerful miners.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

“Bitmain has always been the leading producer of the most efficient mining hardware in the market. As the cryptocurrency industry enters a new bull market and Bitcoin reaches new all-time highs, VBit was able to secure large batches of Bitmain’s most efficient mining hardware. With the new mining hardware, VBit can continue its North American expansion and mission to bring Bitcoin mining to the mainstream. VBit looks forward to a continued long term collaborative partnership with Bitmain for years to come.” said Danh Vo, CEO of VBit Technologies.

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Ant Training Academy Offers Optimized Online Courses

December 2, 2020 / ADMIN / 0 Comments

Bitmain’s training service upgrading project ‘Ant Training Academy’ (ATA) made significant adjustments this year to ensure that participants worldwide can still be trained amid the global pandemic of COVID-19. ATA launched its online courses and has completed 16 online trainings courses so far, including 9 in Chinese and 7 in English, with more than 130 trainees participated, accounting for nearly 50% of the total number of trainees in 2020.

ATA is the only training institution and certification authority officially certified by Antminer. Based on years of knowledge dissemination and technology inheritance and accumulation, ATA offers optional maintenance training courses: onsite maintenance training and online maintenance training. Onsite maintenance training includes long-term courses (fundamentals of chip welding and miner maintenance training) and short-term courses (miner maintenance training only). Online maintenance training includes various training videos and documents, online trainer guidance, and Q&A.

Due to many participants being unable to attend onsite courses attributed to the pandemic, and with the growing urgency for maintenance training. ATA put together and developed high-standard online courses when the pandemic broke out and eventually came up with an explorative and practical solution as below:

The online maintenance training is composed of 3 phases. Material explanation, Q&A, and examinations are modules included in each phase. The duration for the online training course is 14 days, and trainees can arrange the online learning time flexibly with exceptions for the assessments.

Assessment: 3-Phase Examination (70%) + Theory Assessment (30%)

The maintenance training courses are currently available for the Antminer 9, 17, and 19 series. For the trainees who apply for the online training course from Oct.1, 2020, to Dec.31, 2020, a $200 coupon for purchasing materials on our official website shall be issued. Skills come from practice, so ATA still suggests participants take onsite courses if possible so that they can learn better through hands-on experience and face-to-face guidance from professional instructors.

More information about ATA could be found:

Online courses – https://support.bitmain.com/hc/en-us/articles/900003141683

Onsite courses – https://support.bitmain.com/hc/en-us/articles/360015970014

As a global leading technology company, Bitmain takes customer experiences as a priority. As a strategic role of Bitmain services, ATA keeps upgrading and evolving and will continue to upgrade training courses as market needs, especially to empower our customers with the ability to maintain and repair their miners, hence to reduce the losses caused by miner failures.

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Mining and Investment Summit 2020 Gathered Industry Leaders to Discuss Risk and Opportunities in Today’s Market

November 30, 2020 / ADMIN / 0 Comments

On November 24^th, Bitmain joined hands with Matrixport to host the Mining and Investment Summit 2020. This half-day online event brought together the top leading companies in the fields of Cryptocurrency Mining and Digital Asset Financial Services, which delivered the latest and most significant Global Mining Trends, Risk Management, and Investment Opportunities currently happening in the industry.

The Mining and Investment Summit featured three keynote speeches and three-panel discussions. Su Ke, Sales Director of EMEA CIS Region of Antminer, participated and delivered the very first keynote speech, in which he addressed the current market trends, especially the growing demand for miners. He also announced the launch of Bitmain’s new products – Antminer S19j and S19j Pro, following the significant success of the 19 Series. The delivery date for this miner is set in June for China and July for the overseas market.

Su Ke then introduced Bitmain’s recent rack-style new product – AntRack, highlighting its key features, such as its modular design with hot-swappable features, upgradable hash boards, and the water-cooling unit. Su Ke also announced the AntRack to have an estimated availability in May 2021.

Following Su Ke’s presentation, Cynthia Wu, Head of BD and Sales of Matrixport, and Eugene Ng, Director of BD of Matrixport, discussed how miners could maximize gains and hedge risks in today’s market. They discussed Matrixport’s products of hedging with a leveraged bear, buy an insurance (buy a protective put), dual currency product, smart trend, and lending. This was followed by Thomas Heller, COO of Compass, who explained the current state of Bitcoin mining. In the panel discussions, industry elites talked about the global mining landscape, interesting mining trends in 2020, as well as the operations and investment into mining.

The summit came at a crucial time for the industry as the market demand for new and innovative ways to strengthen digital mining is growing, and the global landscape is undergoing a drastic reshape. Bitmain is looking to participate and even host more events like this to develop and share insightful observations and instructions, together with the top minds of the industry.

Interested viewers can find the event video here. If you are interested in participating in the next online event, feel free to contact marketing@bitmain.com

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A Close-up at Bitmain’s Rack-Style New Miner

November 27, 2020 / ADMIN / 0 Comments

Earlier this month, Bitmain announced a new rack-style mining hardware – AntRack. With features customized for large-scale deployment, Bitmain developed this new product to empower its clients to explore more potentials for their operations.

AntRack adopts a pioneering hot-swappable modularized configuration. The hash board, control panel, power supply unit (PSU), and fans, are essential parts that are hot-swappable for optimized operations.

The hot-swappable design makes it a perfect fit for large-scale facilities, as it ensures the convenience to upgrade while maintaining eco-friendly operations. Once the AntRack is installed, owners can easily replace all the essential parts without powering down. When the new generation chipsets are released, the current hash boards can be easily replaced with the latest ones, effectively upgrading the current AntRack with the most efficient hash rates and power efficiency. Thus, it significantly reduces the human and resource consumption into new hardware, ensuring an eco-friendly operation.

To ensure mining operations are uninterrupted, and maximization of ROI is achieved. The AntRack adopts a 3+1 redundant operation power supply unit, bringing a total of 12+4 redundant operation for the entire rack, which is all hot-swappable, avoiding potential losses caused by power failure.

AntRack Redundant Operation PSU

As an all-in-one rack-style miner, AntRack can be deployed quickly and conveniently. AntRack can easily be deployed and operational once its 3-phase AC power cable and network cable are plugged in, and the inlet & outlet for the water-cooling unit are set.

Knowing customers will have potential requests for large-scale placement, Bitmain provides an all-in-one data center solution – ANTBOX, that can house 10 AntRacks. This is a customized solution and can be designed per the client’s requests. It delivers all the advantages of AntRack into one package – eco-friendly, easy to deploy, upgradable, and reliable. By configuring the 3-phase AC power supply, network port, and water-cooling system, mining is possible in almost every location.

Several water sources can be used on the condition that the water requirements are met, such as purified water sources from lakes and rivers. Utilizing the traditional cooling tower system is another option for other situations.

The main parameters of AntRack are as following:

AntRack is a perfect fit for large-scale deployment of mining farms and data centers.

Bitmain adheres to the user-friendly principle. By actively challenging the market and technological innovation, Bitmain strives to bring better products and services that can truly solve problems for our customers. AntRack yet again proves Bitmain’s determination and commitment.

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blog.bitmain.com

BITMAIN

Category: Blog (page 3 of 8)

Marathon Patent Group Purchases Additional 70,000 19 Series Miners from Bitmain

ViaBTC Pool enters into a strategic partnership with Bitmain’s AntSentry

Bitmain Signs Another Deal of 15,000 Antminer S19 Series with Riot Blockchain, Empowering it with a Significant Mining Hash Rate Growth

Bitmain Facilitates Long-Term Partner Core Scientific Becoming the Largest Miner Hosting Provider in North America with over 58,000 additional S19 Series Antminers

Understanding the Dry Season for Mining in China

Bitmain Releases AntSentry International Version, Making Mining Easier

VBit Technologies Purchases Over Eight Million USD Worth of Antminer 19 Series from Bitmain

Ant Training Academy Offers Optimized Online Courses

Mining and Investment Summit 2020 Gathered Industry Leaders to Discuss Risk and Opportunities in Today’s Market

A Close-up at Bitmain’s Rack-Style New Miner

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