Bitmain’s partnership with leading US-based blockchain hosting provider Core Scientific continues to bring Bitmain’s renowned technology and expertise to the North American market.
After announcing the establishment of the first USA-based Ant Training Academy (ATA) in Dalton, Georgia this May, Bitmain and Core Scientific have come together again to facilitate the purchase of 17,595 Antminer 19 series machines to service Core Scientific’s hosting clients and own operations.
The partnership signifies the largest number of mining machines coordinated for purchase by a single blockchain hosting company and solidifies both Bitmain and Core Scientific as leading global AI and blockchain technology organizations.
In addition to the landmark purchase of S19 models, the new ATA will also extend Bitmain’s highly regarded training and certification services to participants in North America starting in Fall 2020. This means participants will no longer need to travel internationally to access the academy’s in-demand courses and accreditations.
Bitmain’s ATA is the only training institution and certification authority officially certified by Antminer. Through this partnership, Bitmain has combined the proven ATA curriculum with accredited instructors from Core Scientific, to deliver engaging and practical training to attendees in North America.
The Dalton, Georgia ATA branch will continue the white glove approach and strong operational excellence that the ATA is renowned for, to ensure that attendees walk away with the critical skills they need to operate at the highest level and secure long term viability of their mining equipment.
Through this partnership with Core Scientific, Bitmain will continue to provide world-leading mining technology and expertise to the world reaching new heights by branching out to the US.
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The Antminer T19 is the third model released from the latest generation of Antminers proudly developed by Bitmain. The T19 is equipped with a hash rate of 84 TH/s ± 3% and has a power efficiency of 37.5 J/TH ± 5%
The Antminer T19 is
housed with the same generation of custom-built chips found in the Antminer
S19 and S19
Pro, ensuring capable
and efficient operations for mining cryptocurrencies under the SHA256 algorithm.
Comparing with the previous Antminer T17, the T19 greatly improves performance, allowing miners to achieve better efficiency and earnings.
The T19 also utilizes the new APW12 power supply
and upgraded firmware, which offers faster start-up speeds for an optimized
mining experience. Miners can expect the latest technologies found in the new
model and begin selling on the official website on 01 June 2020, 11:00 (GMT+8)
with a shipping date from June 21-30, 2020.
The Antminer T19 specifications are available on Bitmain’s official website.
To prevent hoarding and to
ensure that more individual buyers can purchase miners in this batch, we have
set a limit of 2 miners per user. For further sales inquiries, please
contact Bitmain’s specified sales teams based on your region:
When
Bitcoin mining first started in 2009, it was considered a niche hobby for
cryptocurrency enthusiasts. Since then, it’s grown into a billion-dollar
industry – with Bitmain leading this growth since 2013.
Bitmain’s entrance into the mining market in
2013 saw the emergence of the ‘ASIC era’, as the company sought to bring ASICs
to the masses. Specifically
designed to mine cryptocurrencies, the demand for ASICs has since continued to
grow alongside the advancement of the bitcoin mining industry.
BTC
mining: from hobby to global industry
Back
in 2009, the only hardware needed to mine Bitcoin was a simple home computer
(provided it had reasonable specifications). These computers would run standard
multi-core CPUs, which would produce BTC at a rate of 50 per block. This would
equate to a few dollars of profit per day.
These demands first accelerated in October 2010, when the code for mining bitcoin with GPUs was released to the general public. Although the public was able to mine bitcoin for themselves, it quickly became evident that it was still not easy for GPU users to scale hash rates. So, it was only once FPGAs were introduced that mining really began to scale, as FPGAs are more power-efficient than GPUs.
By 2012, the mining industry was advanced even further with the adoption of ASIC technology. These miners were carefully designed for the specific use of mining cryptocurrencies, replacing the need to tweak the field-programmable component of FPGAs after purchase. As there will always be a need and approach to making a specific computation more efficient, ASICs were a natural progression in the Bitcoin mining industry.
Antminer
is born
By November 2013, Bitmain introduced its very own ASIC: the Antminer S1, which had a hash rate of 180 GH/s. Just a few months later, the Antminer S2 model was released, with a significantly higher hash rate of 1 TH/s.
Bitmain’s ASICs were quickly getting more powerful, and more energy-efficient over time.
Antminer S1: Launched 2013
Rapid rise of Antminers as BTC makes
history
Over the next few years between 2014 and 2019, Bitmain released numerous Antminer models to the market. In 2014 alone, Bitmain released miners such as the Antminer S2, S3, S4, and S5 – all with the aim of providing more efficient and profitable hardware to miners in order to keep up with the demands of the growing bitcoin mining industry.
On top of this, Bitmain launched the AntPool mining pool in 2014, further highlighting Bitmain’s commitment to helping decentralize the bitcoin network and put the majority of hashing power into the hands of consumers. This commitment was further highlighted in Bitmain’s 2015 launch of BTC.com, which introduced the top-leading blockchain explorer that efficiently offered users all information on the network. By 2016, BTC.com also launched its own pool platform.
With BTC making its historic price run in 2017, Bitmain continued to release batch variations of the S9 as well as entirely new models, such as the Antminer T9 which had a hash rate of 11.5 TH/s.
As the Bitcoin market continued to
grow, Bitmain released 8 SHA256 models throughout 2018.
As
the Bitcoin market continued to grow, Bitmain released the Antminer S15 in 2018, which was launched at the
World Digital Mining Summit. The Antminer S15 provided long-term energy efficiency through its use
of Bitmain’s 7nm chip that integrates over 1 billion transistors per unit.
By
2019, Bitmain had introduced its most popular Antminer models to date: the Antminer 17 Series.
Antminer Design Advancements
Antminers and the future of mining …
Since 2013, Bitmain has shown commitment to developing new technologies that overcome the new challenges of mining – and the significance of Bitmain’s advancements makes them leaders by example in the field.
Today,
Bitmain continues to pursue its vision of bringing the future of mining to all.
And that is why Bitmain has released the Antminer S19 and Antminer S19 Pro models, featuring hash rates of
95 TH/s and 110 TH/s respectively. The Antminer S19 series represents the
evolution of Bitcoin mining, from the very first Antminer S1 to the
ever-popular Antminer S9, reaching the present-day Antminer S19. The mining
community has taken great leaps of development.
New Genenration Antminer S19 and S19 Pro
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These reports were based on calculations made by altcoin mining pool 2Miners, which highlighted the recent drop in the hash rate output of Antminer E3 mining rigs on the Ethereum Classic network.
This drop suggested the E3’s hardware was approaching obsolescence but thanks to new firmware the miner can continue to mine Ethereum.
Launch of new firmware
To ensure Bitmain can provide efficient mining equipment for the Ethereum community, it has launched a new firmware to support the Antminer E3. This new firmware has been designed to allow miners to continue using the Antminer E3, even after March 2020.
This new firmware addresses the prior issue of the growth of directed acyclic graph (DAG) files, which limited the capability of the Antminer E3s for mining ETH or ETC. This new firmware will expand the usage of Double Date Rate (DDR) Memory, as more space is needed to process DAG files
So, how long will the Antminer E3 last?
Thanks to the new firmware, Antminer E3’s can continue mining for the foreseeable future. The new firmware has been designed to better support the Antminer E3, and so Bitmain is confident that miners can continue using the hardware past April 2020.
With the new firmware update, the final approximate block height of the Antminer E3 is 11,400,000. According to calculations, mining can continue until October of 2020.
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With less than 100 days to the next bitcoin halving, all eyes are on the world’s largest cryptocurrency.
For crypto enthusiasts, miners and investors, this is considered a significant milestone that will pose a number of considerations to their operations.
What is “halving” and what happens when it occurs?
The bitcoin halving or “the halving” is a deflationary mechanism that’s programmed into the Bitcoin network by the cryptocurrency’s anonymous creator, Satoshi Nakamoto, to occur every four years.
The event is a function of the bitcoin protocol and is projected to take place in May 2020, which will halve the amount of block rewards for miners from 12.5 to 6.25.
Why is this significant for miners?
Halvings are a significant part of a cryptocurrency’s economic model and what sets it apart from traditional currencies.
Regular fiat currencies are structured with an infinite supply and often managed by a centralised government body.
On the other side of that, cryptocurrencies like bitcoin are designed to be a deflationary currency, which are issued in a decentralised manner via a transparent protocol.
There are only 21 million bitcoins in circulation and less than 3 million left to issue. Because of this scarcity, mining is seen as a timely opportunity to acquire newly issued coins.
What will happen to bitcoin mining after the final halving event?
It’s important to understand what’s on the horizon for the bitcoin mining community before the halving event takes place.
The May 2020 halving event will be the third of its kind. In total, there will be 32 and after these have taken place, the supply of bitcoin will be capped. After this, transaction fees from users will be the incentive for miners to validate the blockchain.
Currently, the bitcoin network hash rate is around 120 hashes per second (EH/s). It is estimated that this could continue to increase before the halving in May.
Once the halving does occur, mining machines that have a power efficiency higher than 85 J/TH (similar to that of the Antminer S9’s models) may no longer be profitable. Read on to find out how miners can best prepare for all this.
How can miners prepare for the upcoming halving?
As the digital mining sector has matured over the years, a greater priority has been placed on understanding the life-cycle of mining hardware.
One key question many miners may be pondering is: What if the bitcoin price doesn’t change once the halving occurs?
Currently, most (55 percent) of bitcoin mining is run by older mining models that are less efficient. If the bitcoin price doesn’t change, the majority of the market may struggle to make a profit in mining.
Miners that have invested in hardware with all this in mind will fare well in the season ahead, while for inefficient miners, remaining in operation may not make economic sense anymore. To stay ahead of the curve, the most up-to-date miners can give operators a strong competitive advantage.
Bitmain is working hard to ensure their machines are built for a “post-halving” world. For example, Bitmain’s AntBox can cut construction costs and deployment times by 50 percent, while also accommodating 180 17 Series miners. Bitmain has also recently just announced the new-generation Antminer S19 series.
Overall, this is a good time for miners to re-evaluate their current farms and setups. Is your mining farm designed for optimal efficiency? Are your staff trained on the best practices to maintain hardware? Responding to these prompts will help to better prepare miners for operations in the long-term.
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SINGAPORE, 27 February 2020 – Bitmain is officially announcing the new Antminer S19 and S19 Pro, two new Antminers offering incredible performance.
The next-generation Antminer S19 and S19 Pro come in two
variants. The Antminer S19 is equipped with a hash rate of 95 TH/s, while its
other variant has a hash rate of 90 TH/s, both variations have a power
efficiency of 34.5±%5 J/TH.
As for the Pro version, hash rates and power efficiency are further improved. The Antminer S19 Pro features a hash rate of 110 TH/s, while its other variant has a hash rate of 105 TH/s, both variations have an impressive power efficiency of 29.5±%5 J/TH.
The Antminer S19 series is equipped with a new generation
custom-built chip from Bitmain, achieving a power efficiency as low as 23 J/TH.
This was achieved by enhancing the circuit architecture, greatly improving
power efficiency.
Utilizing the new APW12 high-conversion efficiency power supply,
the Antminer S19 and S19 Pro achieve enhanced stability. New firmware also
introduces faster startup speed and an intelligent control mechanism to ensure
the best mining experience.
The next-generation Antminer 19 series showcases
industry-leading technology from Bitmain, allowing miners to efficiently mine
Bitcoin under the SHA256 algorithm. The new iteration of Antminers boasts
superior performance, enabling miners to optimize earnings and is designed for
better operations ensuring long-term operations.
As the Bitcoin halving approaches with the price of block
rewards to be reduced, the Antminer 19 series safeguards miners for future
mining.
The
Antminer S19 series specifications is available on Bitmain’s official website.
For further sales inquiries, please contact
Bitmain’s specified sales teams based on your region:
Recently, it was discovered that some websites have been
impersonating Bitmain (hereinafter referred to as “our company”) and have been communicating with our
company’s existing customers under false pretense.
In order to protect the legitimate rights and interests of
our company and customers, our company solemnly declares as follows:
Our official website https://www.bitmain.com/
is the only official website of Bitmain.
The two websites: https://bitmain.farm/register
and https://antminersmining.com/ have
no relationship with Bitmain. For the fraudulent
use of the “Bitmain” brand, we will resolutely adopt legal means to protect
ourselves and our customers’ rights and interests.
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Following an intensive two-week accreditation course for Level-1 Miner Maintenance, the first US-based cohort of students from Bitmain’s Ant Training Academy (ATA) in Atlanta has officially graduated.
As part of its ongoing commitment to support customers, Bitmain launched the course to support the growing number of US-based mining facilities.
The new academy seeks to provide a more convenient service for overseas customers.
“It’s fantastic that the ATA is now in the US and more accessible to my team and I. The course gave me practical experience around miner maintenance that I can now bring back to share with the rest of my colleagues,” said Brett Garman, President of The Blockyard LLC, a community of tech professionals and freelancers.
The ATA Maintenance Training Course is designed to educate maintenance personnel for mining farms on how to install, operate, and repair mining equipment. This course was also the first to run outside of Shenzhen, China, where the first academy opened in July last year.
The students enrolled for this course were trained by Bitmain’s Senior Engineers of the Antminer Brand, together with Gregory Ohanessian, CEO of VMS Security Cloud, who guided students through the foundations of mining farm operation and maintenance – as well as the more technical aspects of chip-welding, installing hash board testers and software, and maintenance of the Antminer 17 series.
Bitmain acknowledges the hard work of the cohort, who were required to pass both a theoretical and practical exam with scores of at least 80 percent.
Graduates received “Level-1 Qualification” certificates, which validates that they have the basic skills required for miner maintenance. These ATA course certificates aim to be a global standard for cryptocurrency miner maintenance. With these certifications, graduates are also now authorized to buy miner materials.
“Quality training is often what stands between proper long-term mining care and poor maintenance. It was a no-brainer to attend the US-based ATA course; the new location makes it much more feasible to get equipped with the right skills,” said Kyle Cosentino, Field Operations Engineer for Crusoe Energy Systems a technology-driven flare mitigation provider.
Kyle Cosentino was awarded a certificate of Top Performance for his outstanding work during the training period. Kyle Cosentino was also awarded a gift voucher for as part of the prize.
Top student Kyle Cosentino was awarded for his outstanding performance
Overall, trainers were extremely pleased to see the keen interest of students, especially as this is Bitmain’s first overseas branch to open since the pioneer academy opened in Shenzhen last year.
ATA’s next training period to run from 30th March to 11th April 2020. With only 10 seats available, Bitmain encourages potential students to register early. For further information, please contact us.
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San Jose, California, December 12, 2019 – Bitmain – the world’s leading producer of cryptocurrency mining hardware is strengthening its global reach by selecting two cryptocurrency mining consulting firms, Fastblock and Bit5ive as the company’s official distributors of Antminers in South America.
“South America continues to be an important region for the cryptocurrency mining sector. Our collaboration with Fastblock and Bit5ive will help us to build on the relationships we have with the mining community on-the-ground and instill trust in the sales process of Antminers,” said Irene Gao, Antminer Sales Director of NCSA.
Bit5ive, a Miami-based firm founded in 2013, that sells, hosts and supports the most advanced cryptocurrency hardware available on the market, will be distributing Antimners to over 30 countries in Latin, Central America and the Caribbean.
“The Bit5ive team looks forward to a close partnership with Bitmain. The official distributor license will help to strengthen the trust South American miners have in Antminer’s sales process,” said Robert D. Collazo Jr., CEO and Co-Founder of Bit5ive.
Fastblock, a Mining As A Service (MaaS) company that has been providing mining consulting services since 2014, will be the main distributor of Antminers in Brazil.
“We are excited to be bringing our blockchain knowledge from managing over 20 mining plants since 2014, to Antminer customers in the region. We are also able to guarantee the best prices and have a highly skilled team that can advise on the most cost-effective solutions for any mining project ” said Bernardo Schucman, CEO and Co-Founder of Fastblock.
The two companies have been selected due to their capabilities in providing customers in those locations further expertise and added solution services such as: Customer Clearance Service, Logistics Service, Mining Farm Hosting Services, Consultancy, and more.
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The digital mining sector is only just ramping up and this year’s World Digital Mining Summit (WDMS) was proof of this.
The second annual industry-wide gathering of the digital mining sector was met with great anticipation with numerous attendees including leading founders, decision-makers and industry experts.
Here are five major highlights from the summit.
1. Bitmain’s co-founder, Jihan Wu, shares four initiatives to drive innovation in digital mining
Jihan Wu speaking to the attendees of WMDS
One of the major points of discussion at the WDMS was about ways to innovate the digital mining sector and during his keynote, Bitmain founder, Jihan Wu, shared four of Bitmain’s initiatives.
First, that Bitmain will soon launch a service called the World Digital Mining Map to provide a better platform to connect mining hardware owners with mining farm owners. This service will be free for BITMAIN customers.
It currently takes too long to repair mining rigs. In response to this issue, Jihan shared that Bitmain’s second initiative would be to launch repair centers worldwide to help cut down the turnaround time for repairs to just three days by the end of 2019.
For its third initiative, Bitmain will also boost its Ant Training Academy (ATA) program on troubleshooting easy-to-fix issues. Mining farm operators can send their technicians to be trained at the ATA where they will graduate with a certificate, which qualifies them to provide services.
Launch of the new Antminer S17+ and T17+
Finally, to keep up with the industry’s changing demands, Jihan shared that Bitmain will launch two new types of mining rigs – the Antminer S17+ and T17+. He also noted that Bitmain’s research and development team had made solid improvements in the design of future mining hardware models.
2. Matrixport’s CEO, John Ge, shared the company’s vision and mission
John Ge, CEO of Matrixport
Another session that drew in crowds was the talk by John Ge, the CEO of Matrixport.
He shared that Matrixport’s vision was to be a one-stop-shop, which will offer custody, trading, lending, and payment services. With its close ties to Bitmain, John also pointed out that Matrixport would give miners an accessible opportunity to enhance their crypto portfolio.
In many ways, he mentioned that Matrixport would be similar to an online bank，where account holders can customize services according to their needs and delegate tasks to a broker to service it.
With trading engines that connect to most exchanges and also to OTC (over the counter) providers, Matrixport would also be best placed to choose the most ideal marketplace for each user’s needs, offering discounts and a tailor-made algorithm to secure a better price and high liquidity. The company will also make it possible to access capital without missing investment opportunities by acting as a lender to the market.
3. Industry leaders discuss the impact of the bitcoin block reward halving
Panel Discussion 1: Impact of the bitcoin block reward halving
The 2020 bitcoin block reward halving event was one topic that was top of mind at WDMS. To discuss the implications for the mining community, industry leaders – including Jihan Wu; Matthew Roszak, Co-Founder and Chairman of Bloq; Marco Streng, CEO of Genesis Mining; Saveli Kotz, Founder of GPU.one; and Thomas Heller, F2Pool Global Business Director – came together to share their insights.
On the previous two halving rounds, the overall sentiment from the panel was positive. However, Jihan also pointed out that there is really no way to know whether the halving triggered the price surge during both events. “We just don’t know, there is no scientific data to support any theory. Crypto itself has a lot to do with psychology, some people thought the world would end when the price dropped dramatically in the past. In the long run, this is a rather small event in this industry. This industry is driven by adoption and that is a trend which is increasing,” he said.
When asked about strategies for miners around the halving, a key theme from the panel was that keeping up to date with innovations would be essential. Jihan shared that one of Bitmain’s strategies was to focus on power efficiency regardless of whether the price remained the same or not.
4. Panel discusses the traditional finance and crypto finance ecosystem
Panel Discussion 2: Traditional finance and crypto finance ecosystem
The WDMS also covered developments in the crypto finance ecosystem. Interestingly the experts dedicated to this panel all came from traditional finance backgrounds before entering the crypto sector. This included: Cynthia Wu, Matrixport Cactus Custody (Chair); Tom Lee, Head of Research, Fundstrat Global Advisor; Joseph Seibert, Managing Group Director, SVP of Digital Asset Banking at Signature Bank; Rachel Lin, Matrixport Head of Lending and Payment; and Daniel Yan, Matrixport Head of Trading.
On mainstream adoption, Rachel said that in time, authorities will have to catch up, as examples like Libra show. Adoption from the traditional finance sector ranges in many ways. Daniel shared about interested hedge funds, which eventually shied away from investing in cryptocurrencies because of regulatory insecurities and risks. Still, he believes this to be a gradual development and is convinced that it is good to go slow to give traditional players a chance to adapt to the changing environment.
When asked for a product that miners and the industry are in dire need of answers from the panelists ranged from better user interface and better interoperability, second-layer solutions over securitisation of assets and stable managing products to any product that is developed with client feedback to make sure that it will be a sustainable solution for the entire market that people will really use.
5. The top ten mining farms announced
WDMS: Winners of the Top 10 Mining Farms
To provide a platform for mining farm owners to share and exchange insights, Bitmain launched the search for the “Top 10 Mining Farms Around the World”. The contest was an invitation to those in the global mining industry to vote for the most innovative operations out there.
The top 10 mining farms were chosen based on what miners preferred the qualities a perfect mining farm must possess. Important qualities include but are not limited to the mining farm history, the condition of the mining farm, operation and management of the mining farm.
Winners from the top ten mining farms: Etix, Coinsoon, MineBest, GPU.One, Enegix, Bitriver, Block One Technology, CryptoStar Corp, DMG, and RRMine.
In order to further develop providing the industry with new opportunities and partnerships, preparation of the next World Digital Mining Summit will soon begin. The next summit will invite new and old attendees from the blockchain and mining sector to again be part of the world’s largest dedicated mining conference.
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