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Understanding the Dry Season for Mining in China

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

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.comAntPool, 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.

AntSentry: Capabilities

“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.

AntSentry: One-click Troubleshooting

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: Common Operation Procedures

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

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

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.

Course Content

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

On November 24th, 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 [email protected]

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

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.

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.

AntRack Easy Set-up Configuration

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.

AntRack AntBox Solutions

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.

AntRack Water Cooling Unit Requirements

The main parameters of AntRack are as following:

AntRack Parameters

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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Bitmain extends the warranty for the Antminer 19 Series

The Antminer 19 Series now provides an extended warranty, which is valid for all existing 19 Series (Antminer S19 Pro, S19, and T19). To guarantee a better after-sales customer experience, the warranty period for the 19 Series has automatically been extended from 6 months to 12 months for both shipped and future orders.

How to Check Antminer Warranty:

  1. Visit https://shop.bitmain.com and navigate to the support page. From the support page, select Warranty & Repair, then select Warranty Check. You may also directly go to the link via https://service.bitmain.com/support/warranty
  2. Users can find the serial number on the white label on the Antminer. Users can then enter the serial number in the search bar to check the warranty. (Note: Please read the serial number carefully and try to avoid entering the wrong letters or numbers).

Users can find more information on our Antminers Service Terms page.

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Bitmain releases Rack-Style New Miner, Bringing Next Level Computing Power

Bitmain is officially announcing a new rack-style mining equipment – AntRack. Featuring a hot-swappable modularized configuration, it is easy to deploy and upgrade with no need to turn off, and the rack-style design is an excellent option for customers of large-scale operations.

AntRack demonstrates strengths in terms as following:

Easy to Deploy and Expand

AntRack adopts a module design, including five key modules – 1 Rack, 1 Power Distribution Unit, 4 Servers, 1 Management Unit, and 1 Water Cooling Unit, and the crucial parts – Hash Board, Control Board, Power Supply Unit (PSU), and Fans – are all hot-swappable for optimized operations, significantly reduces the risk of machine depreciation while maximizing the effective mining time, making it a perfect option for customers looking to manage expansion cost and raise the rate of return. As long as the location allows, customers can set up as many AntRacks as needed, easy to expand anytime.

Suitable for Large-Scale Operations

AntRack Large-Scale Deployment

Rack-Style Miner is a perfect fit for large-scale deployment of mining farms and Internet data centers (IDC). AntRack can easily be deployed and get to work once its 3-phase AC power cable and network cable are plugged in, and the inlet & outlet for the water-cooling system is set. Besides, Bitmain provides an all-in-one data center solution – ANTBOX, each contains 10 AntRack miners. By configuring the 3-phase AC power supply, network port, and water-cooling system, mining is possible in almost every location.

Easy to Upgrade and Reliable

AntRack Hot-Swappable Design

The hot-swappable design of the AntRack allows replacing the hash board with the latest generation chipsets (7nm to 5nm, 3nm, and 1nm), each upgrade improves the overall computing power while maintaining the same power consumption. Also, each server of AntRack has PSU’s which provide 3+1 redundant operations to ensure that mining is never interrupted.

“Our design is driven by a problem-solving mindset. It has come to our attention that many of our customers are challenged when trying to expand their operations. The cost of equipment upgrade – not only the investment in new machines, but also the time consumption when turning down the old machines to switch with new ones. AntRack is our solution to that problem. Featuring a hot-swappable modularized design, AntRack can be conveniently and efficiently applied on large-scale deployment, while maintaining an effective management of budget in operation.” said Sun MingHui, AntRack Project R&D Director.

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Marathon Patent Group Purchases Additional 10,000 S19 Pro Miners from Bitmain

Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that it has signed another purchase contract with Marathon Patent Group, Inc. (“Marathon”), the largest Bitcoin Self-Mining companies in North America for the purchase of an additional 10,000 next-generation Antminer S19 Pro Miners. With the purchase of 10,500 S19 pro miners in August and other deals earlier in the year, Marathon has by far bought a total of 22,660 Bitmain S19 pro miners this year.

500 S19 Pro Miners will be delivered to Marathon in November this year and beginning in 2021, thousands of S19 pro Miners will be shipped and deployed every month up until June. Marathon is looking at a total hash rate of 2.57 EH/s once all these 22,660 Antminers are in place.

“This collaboration continues to strengthen our cooperation and will extend to future work together as Marathon expands its presence. It is also another strong endorsement for Bitmain’s next-generation S19 Pro Antminers, which houses the most advanced chipset and impressive power efficiency of 29.5±%5 J/TH. We are glad to close another significant deal in North America and keen to enable more customers to boost mining capacity with an efficient approach.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

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Bitmain Closed another Antminer Deal with Riot Blockchain, adding up to a total of 20,000+ miners Purchase within a year

Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that on top of the recent 5,100 Antminers deal and 8,000 Antminers purchase last month, Riot Blockchain, a Nasdaq-listed cryptocurrency mining company signed another purchase deal of 2,500 Antminer S19 Pro (110 TH), scheduled for receipt and deployment in December this year. In total, Riot has purchased 22,640 Bitmain miners within a year.

“This year has witnessed a significant expansion of our partnership with Riot. Overall, Riot purchased over 20,000 Antminers from us within this year. We are glad to accompany and support their growth across North America and becoming one of the top players in the market. This continuously growing partnership is also another strong proof of our industry-leading Antminers S19 Pro, which features a remarkable hash rate of 110 TH/s with an energy efficiency of 29.5±% 5 (J/TH). ” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

Last month, Riot just signed a deal of 8,000 Bitmain S19 Pro Antminers and another 5,100 two weeks ago. Starting from a 4,000 S17 Pro deal in this February, 20,140 Bitmain miners have been purchased by Riot within a year.

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