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

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

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

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

Rockdale, Texas, Opening Ceremony

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

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

Rockdale, Texas, Mining Facility

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

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

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

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

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

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

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

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

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

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

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

Antminer S17+ and Antminer T17+

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

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

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

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

Delivery Time: 01- 10 December 2019 

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

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

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

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

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

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

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

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Bitmain to launch the World Digital Mining Map this October

SINGAPORE, 27 September 2019 – During the World Digital Mining Summit (WDMS) – which will take place in Frankfurt on 8-10 October – Bitmain will launch the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM).

To remain price-efficient, owners of mining hardware are regularly on the lookout for locations with the right conditions and power resources for cryptocurrency mining. The WDMM will be the first global resource to connect them with mining farms who have the available power resources to host them for a fee.

“The WDMM will help make cryptocurrency mining more sustainable in the long-run by connecting mining farms and hardware owners in a whole new way. It is part of our commitment to provide miners with on-going support throughout their hardware’s lifetime and to support the sector’s overall growth,” said Matthew Wang, Director of Mining Farm of Bitmain.

Mining farm owners can apply to be listed on the WDMM during the WDMS. Applicants will need to provide details on their current mining farm setup and capacity to host other miners. In return, participants will be given personalised services from Bitmain which includes assistance with mining farm design, connections to foreign customers to host, and support with operations, purchasing, and construction.

“Being listed on the WDMM helped me to find miners who want to host their rigs in my facility. Bitmain was able to connect me with the right customers to fill in the extra capacity I had. This is the support I needed to help me expand my facility at a faster pace,” said Gregory Ohanessian, Chief Mining Officer of VC Mining.

“Bitmain is our key partner. About 85% of the equipment in operation on our site is from Bitmain. In practice, we checked the reliability of this equipment, ease of operation, and highest efficiency. Bitmain not only sells equipment but also helps us operate and maintain the equipment in the most efficient way, it helps us to further the output and reduce the down time of our customers’ miners,” added Dmitrii Ushakov, Chief Commercial Officer of Bitriver.

During the WDMS, Bitmain will also announce the winners of the Top 10 Mining Farms around the world.  The summit will provide a workshop focused on mining farm data analysis, as well as discussions on the future of mining facilities. There will be opportunities for miners and mining farm owners to exchange ideas and explore partnership opportunities. Voting for the Top 10 Mining Farms is still open and individuals can cast a vote here.

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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 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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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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