blog.bitmain.com

Cryptocurrency, Bitcoin, Bitmain and more...

Category: Bitmain News (page 1 of 5)

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.

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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!

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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


---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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.

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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.

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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.

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

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!

---------------------
Liked this article? Share it with others:

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin
« Older posts

© 2019 blog.bitmain.com

Theme by Anders NorenUp ↑