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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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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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Bitmain releases next-gen Antminer T17, now available for purchase via official website

HONG KONG, 28 April 2019 – Bitmain has launched the new Antminer T17, the single mode miner from the highly anticipated Antminer 17 series.

The next-generation Antminer T17 is the entry model from the 17 series with a hash rate of 40 TH/s. It uses an entirely new design to improve the miner’s stability and performance while also effectively preventing dust, similar to the S17 Pro and S17.

The Antminer T17 features a power efficiency of 55 J/TH and is equipped with the new generation chip that offers deeper improvements on power efficiency, generating more income for miners.

Photo: Antminer T17

The Antminer T17 utilizes dual tube heat dissipation technology to reduce wind resistance. The space between the air inlet to the air outlet has been reduced by 50%, improving heat dissipation which further enhances the long-term operation of the miner and reduce maintenance costs for users.

The Antminer 17 series also includes two other models that can be purchased through Bitmain, the Antminer S17 Pro and Antminer S17. All products in the range come with a APW9 power supply to improve the power efficiency for a more stable mining experience and savings on electricity costs.

The Antminer T17 can be purchased through 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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Bitmain Announces Specs and Release Times for its Latest 7nm Antminer 17 Series Miners

Bitmain has announced specifications and selling times of the 7nm Antminer 17 series ahead of the upcoming release date.

HONG KONG,  08 April 2019 – Bitmain, the world’s top 10 and China’s second largest fabless chipmaker, is announcing specifications for the new Antminer 17 series, as well as the regional selling times for the launch date on 9 April 2019.

Photo: Antminer S17 Pro

The new miners in the 17 series include: Antminer S17 Pro, Antminer S17, and Antminer T17. All three miners come equipped with the new 2nd generation 7nm BM1397 mining chips, which come with improvements to power efficiency and hashrate.

The Antminer S17 Pro comes in two variants, a 53 TH/s and a 50 TH/s model, and features three mining modes, which allows for greater customization as customers can switch between different settings to accommodate various mining requirements. When on turbo mode, the S17 Pro has a power efficiency of 45 J/TH. The normal mode operates at 39.5 J/TH, while the low-power operates at 36 J/TH.

The Antminer S17 also comes in two variants, a 56 TH/s and a 53 TH/s model, with two mining modes. When on normal mode, both models have a power efficiency of 45 J/TH, while the low-power mode operates at 42 J/TH. The Antminer T17 is set for a later selling date.

The next-generation Antminer 17 series will be released in two batches and will be available for sale on Bitmain’s official website according to the following timings by region:

North, Central, South America:

1st Batch: 08 April 2019, 23:00 PDT

2nd Batch: 09 April 2019, 09:00 PDT

Contact: sales.ncsa@bitmain.com

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

1st Batch: 09 April 2019, 09:00 MSK

2nd Batch: 09 April 2019, 19:00 MSK

Contact: sales.emeacis@bitmain.com

Asia Pacific:

1st Batch: 09 April 2019, 14:00 CST

2nd Batch: 10 April 2019, 00:00 CST 

Contact: sales.apac@bitmain.com

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Bitmain develops next gen Antminer-Less: GPU hardware for miners looking to mine…less

Hong Kong, 1 April 2019 – Bitmain Technologies Ltd, one of the world’s largest crypto-mining hardware producers, has developed the Antminer-Less – a middle-of-the-line miner that represents the first GPU launched by Bitmain. It has been designed by Bitmain to eradicate the power-saving and performance benefits of ASIC miners.

The Antminer-Less packs a third of the electricity efficiency of its predecessor, and delivers a 100 per cent reduction in hashing power.

Powered by the GPU-0 chip, which combines established chip design methodology with classic manufacturing processes, the Antminer-Less really shows that bigger is better, and will take pride of place in a miner’s rig – as it cannot be easily transported. When it comes to GPUs, bigger is always better.   

Bitmain has decided to wind down the research, development and innovation efforts on ASICs and instead focus on keeping power where it currently resides: in the hands of GPU makers.

This new GPU hardware is by far the leading model by performance to mine cryptocurrencies in a slow and steady pace – freeing up time for miners to engage in arguments with strangers on the internet..

Bitmain understands the value of these anonymous discussions because the decision to shift gears and focus on GPU mining was made under the guidance of strongly-worded comments by unknown advisors online. The arguments that were made were incredibly compelling, erudite and well-articulated, convincing us to totally change our business plan.

Building better hardware to mine efficiently and profitably is a misuse of company time and investment, when existing technology does the trick. CPUs are still so significant in the world of mining, after all, not to mention that GPUs, can also be used for many other things: a compelling reason to buy one to mine with.

The logic of this reasoning can be seen with the timelessness of inventions like the Teasmade: a kettle and alarm clock in one device. It is for that reason, too, that clothes are frequently washed in dishwashers, and books are stored in freezers. A device is useless if it fulfils only one function.

It is widely-known that progress comes from keeping things as they are, and we do not want to change or revolutionise anything. Today’s announcement follows Bitmain’s ongoing commitment to maintaining the status quo, and is part of its aim to help keep the tech ecosystem just the way it is.

Maintaining the limited availability and accessibility of GPUs, the Antminer-Less will be released in limited quantities and sold at price-per-terahash that is comparable to that of GPUs. Coming soon to a brick-and-mortar store near you!

 

Disclaimer for the faint-humored readers: We made this post in the spirit of April Fools’ Day. Please never doubt our commitment to challenging the status quo of non-crypto corporations.

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2019’s Focus is on Customers

We are proud of how fast our business has grown since we were first founded in 2013. According to Frost & Sullivan, Bitmain is the second largest fabless chip design company in China and ranked among the world’s top ten in terms of revenue in 2017.

2018 saw significant change and growth for the business. This change and the pursuit of growth has been an important part of our journey. It has enabled us to innovate faster, optimize and streamline our business to rally behind our vision – contributing and enabling the Internet of Money. With these operational changes now in place, the priority for this year is to double-down on innovating for and serving our customers.

Bitmain’s listing application to HKex in September 2018 has reached its 6-month expiration date. We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future.

In the meantime, the listing process has made the company more transparent and standardized. The process of rationalization and optimization has made our business more focused on the things that are core to our mission.

As part of this, at the end of 2018 we adjusted our personnel, as we aligned our focus on cryptocurrency and artificial intelligence (AI) chips, as well as products and services based on such chips. It was a difficult but necessary decision as we continue to build a long-term, sustainable and scalable business. We did our best to compensate our employees above the legal requirement.

Since then, we have established clear business divisions for mining hardware, AI, mining farms and mining pools. At the same time, we have integrated the resource lines for chip design, hardware and software to provide more effective support for our key business lines and to allocate premium resources to our major and key projects. These all help to ensure the success of our core business and commitment with our customers through a more robust lifeline and competitiveness.

Aligned to this new operational model, we have also made changes to our leadership. Mr. Haichao Wang has been appointed as CEO of the company. Haichao not only has extensive experience in the chip industry but also succesfully headed-up multiple departments at Bitmain. We are confident that through his experience and passion, he will drive better products and services for our customers. Mr. Micree Zhan and Mr. Jihan Wu, the co-founders of Bitmain, will continue to be our directors to guide the company’s strategic development.

The bear market at the end of 2018 brought both challenges and opportunities that Bitmain will work hard at addressing in 2019. In fact, we have already started with competitive products that meet the needs of our customers.

We recently released the Antminer Z11, based on our 12nm ASIC design, followed by announcement of the Antminer S17 and T17, based on our second generation 7nm chip BM1397. A single BM1397 chip integrates more than 1 billion transistors and features continuous optimization in the circuit structure and low power consumption technology. The energy efficiency ratio of the new chip is as low as 30J/TH, saving energy by 28.6% compared with the previous generation, and its overall performance is more stable.

On the AI side of our business, we have signed cooperation agreements with the Fuzhou Municipal Government of Fujian Province, China Mobile Hangzhou Research and Development Center, and China Unicom Network Technology Research Institute, while rolling out different generations of neural processors, which are fast finding wide acceptance among established tech companies, such as cloud gaming provider Ubitus.

We continue to fund open-source developers, projects and organizations. For those that we see potential and share our vision, we fund them, often with no strings attached. It means a lot to both our community and ourselves, to be able to fund exciting projects, as it gives us the opportunity to bring to life truly transformational technologies. Whilst it is our policy not to disclose our investments in the interests of privacy to those that we fund, it is safe to say we have already funded a great deal and will continue to do so in 2019.

All these contribute towards our mission to produce great hardware and software, as part of our commitment towards the security and stability of a multitude of cryptocurrencies.

We look forward to continuing these efforts for customers this year, and contributing to a distributed, decentralized world that empowers everyone. We hope you continue to have confidence in our future as we embark on this new journey with you!

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Bitmain Releases New Equihash Miner Antminer Z11

Utilizing Bitmain’s all-new ASICs, the Z11 packs three times more hashing power than its predecessor.

HONG KONG, Mar. 19, 2019 – Bitmain, world’s top 10 and China’s second largest fabless chipmaker, officially released the Antminer Z11 today.

The Antminer Z11 is designed by Bitmain to virtually mine cryptocurrencies such as Zcash, which are based on the Equihash algorithm. It is by far the leading model by performance to mine such cryptocurrencies. The new Antminer is now pre-selling on Bitmain’s official website and will start shipping shortly.  

The Antminer Z11 offers a hashing power of 135 KSol/s, which is three times more powerful than that of the Antminer Z9, Bitmain’s previous Equihash miner. With a newly designed internal circuit structure, the Z11 also has a power-efficiency of 10.50 J/KSol, saving 60% of electricity cost compared to the Z9.

The Antminer Z11 uses Bitmain’s latest proprietary 12nm chip, which is made using advanced Bare Die molding technology for better heat dissipation. Even though the Antminer Z11 packs in three times more hashing power than the Antminer Z9, at 5.4 kg, it weighs slightly less than the Z9.

Photo: Antminer Z11

To preserve the Zcash community’s values around security, reliability and accessibility, Bitmain had previously Tweeted real-time updates to ensure more transparency and will continue to provide shipping updates of the first batch of the Antminer Z11. These commitments to transparency will continue to provide the Zcash foundation and community with the security, reliability and accessibility they desire of manufacturers.

——–

Contact

International PR & Communications Department
internationalcomms@bitmain.com

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Antminer Firmware Update – February 2019

At Bitmain, security of end users is our top priority and we are committed to ensuring this as new risks emerge. Our team closely monitors the technology ecosystem to identify new and evolving threats. As part of that vigilance, we have recently been made aware by the open source community of a potential vulnerability relating to our firmware. In response, and as a matter of priority, our team has released new firmware updates for the Antminer S15 and Antminer T15 to fix this vulnerability.

Despite our continuous efforts, absolute protection from all possible attacks remains an elusive goal, and therefore, a collaborative effort of the global community is imperative for the strongest defence. We are most grateful to the open source community for continuing to identify and responsibly report new vulnerabilities.

As contributors and users of open-source code, we recognise and respect its ethos. To ensure continued compliance with the requirements of open-source code, we have formed a special team and created new internal procedures.

Installation guides and new firmware releases can be downloaded from https://service.bitmain.com/support/download---------------------
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Bitmain announces next generation 7nm ASIC chip for SHA256 mining, delivering breakthrough energy efficiency

  • BM1397 chip combines new chip design methodology and world-leading 7nm semiconductor manufacturing process
  • Enables faster and cheaper mining for cryptocurrencies that use the SHA256 algorithm for their Proof of Work (PoW)

HONG KONG, 18th February 2019 – Bitmain Technologies Limited, today announced its next generation 7nm ASIC chip, BM1397, which achieves new feats in performance, chip area and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH), that use the SHA256 algorithm for their Proof of Work (PoW).

The new BM1397 chip requires lower power and can offer an energy consumption to computing ratio as low as 30J/TH. This is a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391.  To achieve this, Bitmain’s engineering team has thoroughly customised the chip design to optimise its architecture, circuit and economics. The chip is made using TSMC’s 7nm FinFET process.

The BM1397 is a testament to Bitmain’s improvements in chip design methodology and deep understanding of the most advanced semiconductor fabrication technologies.

Today’s announcement follows Bitmain’s on-going commitment to the development of high-performance computing chips and is a part of its aim to help advance the cryptocurrency ecosystem. Bitmain’s innovations enable anyone, anywhere to mine and benefit from cryptocurrencies. The BM1397, part of Bitmain’s growing chip portfolio, is designed to bring a better mining experience and aims to set a new benchmark in ASIC chip technology.

The BM1397 chip will feature in new Antminer models the S17 and T17 that will be announced by Bitmain at a later date.

Founded in 2013, Bitmain transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide—Antpool.com and BTC.com. Bitmain technology supports a wide range of blockchain platforms and start-ups.

 

Media Contact

International PR & Communications Department at Bitmain

Email: internationalcomms@bitmain.com---------------------
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Announcing Coconut Remote Anonymous Authentication

We are excited to announce Coconut, a system and application solution that provides users with real name registration for the platform while enhancing the privacy. As privacy and regulation become increasingly important within the digital asset sector, Bitmain has developed a centralized identity authentication process that meets both regulatory requirements while fully protecting user privacy by separating the real-name authentication responsibility from business partner/platform.

On the other hand, we also understand that a fundamental value of blockchain is used to keep a user’s identity and their transaction history private and separated. While we strongly believe in this value, new regulations are requiring practitioners to identify business participants. Bitmain is launching Coconut to satisfy these new regulations and allow organizations to conduct business legally and compliantly.

Although there are numerous identity authentication schemes in the industry, most of these schemes focus on the use of blockchain to store and verify users’ identity information, or they attempt to carry out authentication in an absolute decentralized manner, which, considering today’s reality, seems to be part of a cryptopian future. The failure of the existing schemes to address the issues today has prevented them from being adopted widely. Coconut aims to use technical means to solve the problems in the service layer instead of the network layer.

Once users are identified by organizations, they are given an Intel® Enhanced Privacy ID (EPID) private signing key which cryptographically proves they are a valid member of a group without revealing their “real name” identity. The real-name authentication organization (“KYC service provider”) can use the Intel EPID public group key to verify a user’s identity without revealing personally identifiable information (PII data). In other words, with Coconut, users’ identities are kept private and their Intel EPID credentials allow various organizations to easily, quickly and conveniently verify a user’s authenticity. As an added protection, when the user’s Intel EPID private key is lost or copied, the valid signatures corresponding to the Intel EPID certificate can be revoked and added to the blacklist. It effectively reduces the risk of fraudulent identity.

In a conversation with Lorie Wigle, Intel VP Software and Services Group-General Manager, Platform Security Product Management, she expressed that “AI, analytics, and blockchain technologies are delivering new insights and business models from user data. However, GDPR and other privacy initiatives are placing controls on the use of personal data that could limit the impact of these breakthrough technologies. Intel EPID was created as an open technology and ISO standard to solve the intersection of managing identity at scale while offering anonymity for users and devices. Bitmain’s implementation of Intel EPID unleashes the true potential of blockchain technologies by improving privacy as a barrier to adoption.”

Being the interactive hub of user activity, aKYC service provider and business platform performs the role of an issuer of Intel EPID identities. Coconut plays crucial roles, and there are multiple business models it fits in. Coconut can be an identity authentication app that provides an Intel EPID identity service to external business platforms. Or for big corporate groups it can be used as an authentication system for risk management. After one-time real name authentication in the system, the user can participate in all businesses under the group. For institutions with high social credit, such as banks, in addition to internal use, their Coconut systems can be used externally as well.

We believe this advanced solution will enable both individuals and organizations to freely participate in blockchain and cryptocurrency technologies, despite new regulations surfacing within the industry. We believe that Coconut is the best scheme to balance anonymity and regulation. Besides, it can be implemented easily with consistent technical standards and it can be used extensively because of a strong feasibility.

We have shared Coconut development documentation at Github, you can find it here: https://github.com/coconut201812/coconut

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