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Bitmain’s 4th Crypto Mining Forum in California promotes enhanced resource management and pre-announces upcoming new miner

The highly anticipated conference hosted industry leaders who shared insights on new initiatives to support the mining ecosystem and initial details on upcoming miner models

Attendees at the CMF in California


USA, CALIFORNIA SEP 04, 2019 – Bitmain – the world’s top 10 fabless chipmaker – hosted the 4th Crypto Mining Forum (CMF), a full day mining event which promotes initiatives for miners in the North Central South America region. 

The event provided attendees with in-depth analysis and insights on the cryptocurrency mining industry with a special focus on how Bitmain provides enhanced services for current and future customers. 

The CMF also provided attendees the opportunity to speak, share ideas, network, and discover new resources from Bitmain and other participants. The event included a variety of customer-focused keynote speeches, panel discussions on the topic of mining optimization in the NCSA region and the awarding of the Antminer Pizza Campaign. 

During his speech, Bill Zhu, Bitmain’s Managing Director of Marketing, Sales & Service shared how Bitmain’s innovative mining ecosystem provides end-to-end support for miners from purchasing, to after-sales, hosting services, and financing. Zhu also announced that Bitmain will be releasing new Antminer models in the following weeks.

Bill Zhu, Managing Director of Marketing, Sales & Service discussing Bitmain’s new mining ecosystem

There were also discussions on how Bitmain would better help its customers plan and adjust for future fluctuations. Sharif Allayarov, Bitmain’s NCSA Regional Director, explained how the company has improved the product purchasing experience, incorporated pre-order agreements as well as purchase agreements from the standard purchasing process. 

CMF Panel Discussion: Mining Cost and Revenue Management [Nathaniel Yu, Dave Perrill, Ivan Yuan, Roozbeh Ebbadi, Philip Salter, Shirley Tong, Robert B. Ladd]

Andy Niu, Bitmain’s Customer Service Manager also shared how an improved support system can better serve its customers through its after-sales service and the newly launched Ant Training Academy. He also revealed new plans to strategically launch repair centers in the USA and across different countries to decrease miner downtimes. 

The CMF also involved discussions on hosting services for miners, Nathaniel Yu, International Marketing Manager explained more about Bitmain’s mining farm evaluation system and big data report, which will take place during the WDMS 2019 this coming October 8-10 at Frankfurt, Germany.

Lastly, Daniel Yan, Founding Partner and SVP of Trading, Matrixport discussed how the company can offer its financial services which benefit miners through trading, lending, and custody. Miners could take Matrixport as a one-stop-shop to fulfill all their crypto-financial needs, from liquidating/hedging their coin holdings, getting loans or safeguarding their crypto assets.

BTC.com’s Jane Hu, COO and Antpool’s Eric Wang, Operations Manager also attended the CMF event to discuss the future of mining pools and new services, which continues to service the sector globally to support cryptocurrency mining operations.


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Fraudulent use of “Bitmain” by Mangocoin (MGC)

We have recently become aware of the fraudulent use of the “Bitmain” brand in the sale of a product named “Bitmain Cloud Miner” and its use in the promotion of “Mangocoin (MGC)” on its website, APP and software. In this regard, we’d like to clarify the following:

1. “Mangocoin (MGC)” and its website, APP, social media accounts, WeChat groups, QQ groups, etc. are not business channels or platforms of Bitmain, and these have no connection or affiliation with us whatsoever.

2. The “Bitmain Cloud Miner” on any platform of “Mangocoin (MGC)” is not developed by Bitmain.

3. For the fraudulent use of the “Bitmain” brand and any imposters, we will resolutely adopt legal means to protect ourselves and our customers’ rights and interests.

4. We would like to remind our existing and potential customers to correctly identify the service provider when purchasing products, to sign up for or purchase anything online only after careful deliberation and stay alert to misleading promotions, illegal fund-raising, fraud and other malicious activities on the internet.

When some of these activities catch our attention, we inform the public about them through our blog, where there is section dedicated to such announcements. If you would like to report any such activities to us, please leave us a message here.

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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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A look at the living legacy of the Antminer S9 SE & S9k

The Antminer S9 launch coincided with the starting gun for the great bitcoin bull run of 2017, which led to never-before-seen highs of $19,783. Much like Bitcoin, it has remained a strong part of the cryptocurrency industry ever since. 

During the spike in mining activity leading up to 2017, hardware was struggling to keep pace with the difficulty of the algorithm, as many miners joined the industry.

The launch of the Antminer S9 in May 2016 offered improvements of up to three times on existing models, which marked a change in delivering a higher hash rate without decreasing energy efficiency. 

Able to mine under the SHA256 algorithm at a rate of 14 TH/s, the S9 quickly came to dominate the cryptocurrency mining industry, with each batch selling out within a few hours. It offered a significant increase in ROI – one that was unparalleled by other miners at the time.

Ever since, the Antminer S9 has remained in high-demand, as seen with ongoing requests about the next batch.

In fact, the Antminer S9 remains one of the most used miners ever up to this very day. It was the world’s first Bitcoin miner to make use of 16nm chips, a powerful chip that continues to power the world’s most power-efficient bitcoin miner.

Launching a new generation of Antminer S9 models marks the perfect opportunity to review the progress made since the first S9 hit the market.

Evolution: The next steps

Antminer Series Evolution

Launched at the height of the bull run, Bitmain engineers worked tirelessly to improve the Antminer S9’s performance.

The team managed to release the Antminer S9i just a year later, on May 2018, followed by the improved Antminer S9j, mere months later in August 2018. Each model offered an improved hashing rate of 14.5Th/s, whilst achieving a reduction in energy consumption.

In that same August, Bitmain started to experiment with more ecologically minded means of running and cooling down miners with the Antminer S9 Hydro and its water-cooling system. It was able to operate with a hashrate of 18 TH/s, whilst maintaining a lower noise level and running an improved cooling mechanism.

In this period of intense growth, it was important for the mining community to be supplied with the best technology there was, without diverting too much from industry-wide long-term goals and developments.

Entering a new chapter

With no sign of demand for the S9 models slowing, Bitmain has continued to work on making this model more efficient and more affordable than ever.

A new design structure was introduced for the S9 Special Edition (SE) and the S9k, achieving an enhanced performance whilst limiting power consumption. The S9k hashes at a rate of 13.5 TH/s, with a remarkable power-efficiency rating of 85 J/TH. 

The S9 SE takes it one step further – delivering a hashrate of 16 TH/s whilst achieving an even better power-efficiency rating of 80 J/TH, and only weighing in at a modest 4.5kg, making it the most energy efficient of the Antminer S9 series. 

The original Antminer S9 was revolutionary at the time with its 14 TH/s hash rate, but demanded 100 J/TH; an additional 15-20% more energy, which eats into mining profits.

The Antminer S9 SE breaks even a bit over 3 months – based on the price of Bitcoin at the time of this writing. That said, miners with access to cheaper electricity or renewable energies can be seeing pure profits even earlier. This is a marked improvement on the standard set by the S9, and one that will be continually improved on.

In such a rapidly-evolving space as cryptocurrency mining, engineers never know where exploratory developments will take them, so it’s always an exciting day to unveil an improved product.

As new means of mining continue to be developed, it is important to uphold the legacy of the models that paved the way.

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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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As bitcoin price rises, Bitmain sees an increased interest in Antminers at Bitcoin2019

Cryptocurrency mining can only succeed if there is a community of miners and enthusiasts, so Bitmain was glad to participate in the Bitcoin2019 conference in San Francisco last week.

With Edward Snowden giving a virtual address, and a programme packed with countless founders, BUIDLers and C-level cryptocurrency history-makers, this was an audience that came because it cares about the future of Bitcoin, and cryptocurrency’s global potential for disruption.

Antminer Booth in Bitcoin2019

In the exhibition hall, the Antminer booth was packed with interested attendees who were looking to learn more about the Antminers currently on the market, and how to get started in cryptocurrency mining. Few things pique the interest of a bitcoin crowd like an imminent bull run.

Speaking to a buzzing audience on the Main Stage, Sharif Allayarov, the regional director of North Central South America, gave the audience a brief overview of Bitmain’s history, achievements, and Antminers.

Decentralizing knowledge 

With the background set, Sharif outlined the current state of Bitmain; clarifying the separate Bitmain brands, and each of their functions, before highlighting how they all fit within the blockchain industry, with a particular focus on service.

This offered an opportunity to provide insights into how Bitmain innovates and learns to best serve its customers, whilst also sharing how the company is growing at a pace it can maintain. 

Building on from Bitmain’s service repair training module comes in a newly updated program: The Ant Training Academy (ATA).

Promoting longevity in cryptocurrency mining

Ant Training Academy

As mining establishes itself as an industry, the bitcoin community has primarily taught itself how to fix Antminers and hacked together all sorts of genius solutions. 

In honour of their perseverance, and in order to extend the productive life of Antminers, Bitmain is establishing an academy to share the insights and techniques that keep Antminers operating for as long as possible.

This is also part of a commitment to pursuing sustainable ways to mine cryptocurrency, and developing innovations that serve customers throughout the product’s lifetime – not just at the selling point.

A continued commitment to improve the cryptocurrency mining ecosystem

In Bitmain’s six years, a lot has been learnt about the cryptocurrency mining ecosystem, as the company has grown alongside the ecosystem. It fits with a dedication to decentralisation to share that knowledge, and use it to strengthen the industry as a whole.

Swayed by the speech, Sharif was approached by throngs of audience members afterwards, keen to take his contact details to establish and further expand relationships to improve the cryptocurrency mining roadmap. 

The rising price of bitcoin has served to further fuel interest in hobbyist and aspiring enterprise miners alike, with questions ranging from the practicalities of which products best suit their needs, through to managing power efficiency and the best methods of maintenance.

It seems only apt that the cradle of technology innovation on America’s West Coast became the stage for a global audience to hear about this Chinese company’s renewed vigour in supporting all of its customers, worldwide.

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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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