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Bitmain Releases New Equihash Miner Antminer Z11

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

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

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

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

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

Photo: Antminer Z11

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

——–

Contact

International PR & Communications Department
internationalcomms@bitmain.com

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Antminer Firmware Update – February 2019

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

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

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

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

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

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

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

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

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

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

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

 

Media Contact

International PR & Communications Department at Bitmain

Email: internationalcomms@bitmain.com---------------------
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Bitmain: Following a busy 2018, what can we expect in 2019?

As we move into this new year, here at Bitmain we’ve been doing a bit of reflecting on what a year 2018 has been, as well as what we expect this coming year.

This past year we have really focused our efforts to accelerate the creation of a platform and environment designed to scale with exponential growth. We want our innovation to enable anyone, anywhere to mine and benefit from new global digital currencies. As we have always maintained, we have made it our mission to ensure the stability and security of digital currency, to foster greater adoption, usage and efficiency.

There have been many major developments including filing our application to list on the Hong Kong Stock Exchange. In fact, there are too many to list over the past year and we can often forget about the little things that can make a big difference. As such, we have summarized our most memorable milestones that make us proud.

The 7nm ASIC and Asicboost

In the past year, we launched a number of exciting products and have continued to explore ways to boost mining efficiency. Amongst the many products and software upgrades we launched, a notable one was the new firmware that supports the AsicBoost optimization.

The firmware enables significant savings in energy costs and in addition to the S9, its functionality is available on other BM1387-based models, including the R4, S9i, S9j, T9 and T9+.

But perhaps our greatest milestone of 2018 has been our next generation 7nm ASIC chip, designed for SHA-256 mining. Incorporated into our recently launched Antminer S15 and T15s, the chip provides significant improvements in terms of performance, power consumption and delivering outstanding performance. For the entire industry, this not only accelerates the development of digital currency mining, but also provides miners with a better mining experience.

Bitmain Antminer S15

Sophon (AI)

We’ve been working on AI since 2015 and in Q1 we saw the release of the BM1682, our second chip for AI applications and later we released the BM1880 chip for AI.

We also launched edge computing boards and USB modules to support it. In combination, Sophon products can recognize faces, objects, license plates and even fingerprints, whilst providing AI level security. We are already seeing some of the generational-shifting results from the technology and we can’t wait for what 2019 brings.

Investing in Circle

In May last year, we announced our partnership and lead investment in Circle Internet Financial’s US $110 million Series E round. Circle is a global crypto finance company with a clear mission to change our global economy as we know it. Their pioneering work in creating a tokenized US dollar coin, USD Coin, supported by the CENTRE open source framework is bringing us one step closer to realizing the benefits of the Internet of Money era.

Through our partnership with Circle, we’re also helping advance CENTRE’s efforts to introduce more reliable multiple-fiat backed stable coins, that will provide financial interoperability globally.

Funding open-source developers and projects

We continue to find promising open-source developers, projects and organizations. For those that we find to have potential and share our vision we fund them, usually with no strings attached. It means a lot to our community and ourselves for us to fund projects that get us excited with no-strings-attached because it gives us confidence that those technologies will be available one day. Whilst it is our policy to not reveal who we are funding with how much to respect the individual or organization’s privacy, it is safe to say we already spend a great deal on these and we are looking to do some more in 2019.

The Big Fork

It goes without saying that the BCH and BSV split was a significant topic within the global cryptocurrency space last year. It was exciting to see different passions clash for the future and betterment of cryptocurrencies without the purported “hash war” being fought. Having ourselves been through a similar (but much longer!) conflict over the future of Bitcoin just about 18 months back, we understand the BSV community’s decision to split and freely pursue its own dream. Adoption will come through power, flexibility and sophistication of the ecosystem and we look forward to what 2019 has in store for cryptocurrencies.

Our commitment to transparency

What began as a radical experiment in transparency, with us Tweeting the shipment details of the first batch of our new ASIC-based Zcash miners, led to the formation of our transparency policy, which governs the way we mine and how we communicate with the communities that we operate in. This would not have been possible without the proactive and sincere approach taken by the Zcash community in reaching out to us. We continue to be committed to experimenting with the best ways to communicate and work with the communities in which we operate.

The Bitmain Crypto Index

We recognized that our community of miners, users and investors needed a performance reference point for the largest and most liquid cryptocurrencies. So, in November, we rolled out our institutional-grade cryptocurrency index service. The service publishes performance data both a real-time price every second, as well as a daily reference price at 10:00am Hong Kong Time, on a 24/7/365 basis. We are committed to serving our fantastic community, and this is just one of the ways are doing so.

We expanded stateside

We broke ground on a new blockchain datacenter in Rockdale, Texas, representing a considerable investment into the local, county and statewide economy of the US. This was also followed by a new facility in Washington State. These represent key components of our strategic investment in the US market.

Bitmain Washington Facility

Image courtesy: Bitsonline.com

Houston Rockets!

Antpool Sponsor Houston Rockets

And of course, how can could we forget AntPool’s sponsorship of the Houston Rockets? Who said that mining was all work, no play?

Preparing the company for the future

In preparation for the future, we decided near the end of 2018 that it was time to rationalize our business. Our wide portfolio and varied lines of work have expanded to a point where we have the problem of choice and this year was the time to choose. We started to optimize the business and streamline our flows to focus back on the core missions and activities that best rally behind our vision. We as a company will be lean and more focused towards our goals and we look forward to a 2019 where we can see what our collective efforts can achieve in this manner.

So, what’s the outlook for this year?

While there have been ups and downs in the market, we see this as being part and parcel of the change needed to build a stronger ecosystem. In fact, if we look back, blockchain technology has seen many difficulties in the first decade, and the industry has gone through numerous challenges but has never stopped developing to present day.

While many have commented on the fall in value of cryptocurrencies, we see this as the effects of a stabilizing and maturing market. In fact, we’re beginning to see big name investment institutions coming into the market to provide different digital assets.

We are edging towards an internet of money era, where currencies can move quickly and easily across border without the reliance of traditional institutions. We believe that ASICs will continue to play a fundamental role securing and transforming the complexity of cryptocurrency into useful and trusted assets for everyone.

This year we also anticipate greater adoption of cryptofinance, starting with regulators recognizing the important role cryptocurrencies can play in our financial system and moving away from the sentiment that it is a threat to stability. We most recently saw this when the United Kingdom government proposed giving the financial regulator more power to oversee cryptocurrency assets, as well as the Hong Kong SFC introducing the first set of rules governing the market. Considered regulation can help more people and institutions enjoy the benefit from new global digital currencies.

Blockchain technology has continued developing to present day and has risen above many challenges to get to where we are now. This year, we can expect to see its development gravitate around blockchain applications.

As applications continue to develop, the industry’s market capitalization will fuel growth. Exponential growth in blockchain user traffic will at the same time demand greater data processing capacity, with hardware acceleration and parallel computing technologies being integrated with blockchain, to solve this problem. As a world leading high-performance computing chip company, we believe that there is a significant role for Bitmain to play in meeting this demand and building on its existing innovations such as the 7nm ASIC.

Our mission is to produce hardware and software, as part of our commitment to contribute towards the security and stability of a multitude of cryptocurrencies. We look forward to continuing this effort this year, and contributing to a distributed, decentralized world that empowers everyone.  ---------------------
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Announcing Coconut Remote Anonymous Authentication

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

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

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

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

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

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

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

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

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The 7nm Antminer S15 and T15 are now available for purchase

We’re pleased to announce that the newest Bitmain next-generation 7nm miners – Antminer S15 and Antminer T15, with two variations of each – are available for purchase today, November 8, 2018, at the following times:

  • Russia: 17:00
  • Germany: 15:00
  • USA: 9:00 (EST)

Our new miners utilize innovative technologies to improve the performance of the new miners’ power and power consumption, and computing performance.

The Antimer S15 provides long-term energy efficiency through its use of Bitmain’s 7nm chip that integrates over 1 billion transistors per unit. This feature significantly improves the computing performances of Antminer. The chip contains a unique circuit structure and low power technology.

Photo: Antminer S15

Additionally, the Antminer S15 chip uses an exposed die package solution moving beyond the traditional over-molding plastic package. The back side of the wafer is in direct contact with the heat dissipation interface and the heat sink, improving the heat transfer efficiency.

The Antminer S15 high-performance mode can achieve a hash rate of 28 TH/s with a power efficiency as low as 57 J/TH; its energy-saving mode can improve power efficiency to 50 J/TH while maintaining a hash rate of 17 TH/s.

Similarly, our Antminer T15 high-performance mode sees a hash rate of 23 TH/s and a power efficiency as low as 67 J/TH. Its energy-saving mode can improve power efficiency to 60 J/TH while maintaining a hash rate of 20 TH/s.

Photo: Antminer T15

On both modes, the heat dissipation efficiency is significantly improved from prior modes. Adopting the new heat dissipation structure, the parallel fan design is applied to both modes to shorten the wind speed and reduce wind resistance. As a result, the reliability for long-term operation of the miner has been upgraded while reducing maintenance cost.

For large mining farms, both modes are easy to implement as an all-in-one design of miner with PSU and can be set up vertically or horizontally, making it flexibly adapted to different mining farms and miner racks. With the new high conversion power supply APW8, 16-18V high-voltage output, new miners can effectively reduce the power loss during the power conversion process, helping mining farms save on electricity costs.

Antminer S15 and Antminer T15 are officially on sale on the Bitmain international website (https://shop.bitmain.com/).---------------------
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Firmware to Activate “Overt AsicBoost” in BM1387-based Antminer Models

We’re very pleased to share that last night our developers released the firmware for the Antminer S9 to enable what is popularly called the “overt AsicBoost” functionality. We will also release in one week the firmware to activate this functionality in other BM1387-based models namely the Antminer R4, S9i, S9j, T9 and T9+. This step will increase future effectiveness of several Antminer models and provides the framework for a strong long-term network.

 Initially, we decided against activating this mathematical function in mining hardware produced by us, largely because of the legal uncertainty surrounding the use of AsicBoost. As an organization, we didn’t want to violate patent laws or act in any way that was untoward. Instead, we continued to focus our efforts on R&D and building the industry’s most efficient mining chips. It’s worth noting, as outlined in a April 2017 blog post, our ASIC chip BM1387 has the capability built into the chip technology.  

In March 2018, we noticed new manufacturers of hardware advertising the use of “AsicBoost” and soon after that we noticed blocks being mined on the blockchain using AsicBoost. To give users of our mining pools the option to mine using AsicBoost we added support for it on both BTC.COM and Antpool. 

 Now we are pleased to give Antminer users whose miners have the capability to support this function a choice to avail this advantage without any negative impact on the Bitcoin protocol. This variant of the “overt AsicBoost” simply uses version bits different from those that other manufacturers have been using. It is equally transparent because it can be seen in the blockheader of boosted blocks.

With regard to patent rights, we continue to respect third parties’ IP right and take actions accordingly. Based on legal opinions from various jurisdictions, we believe that there isn’t and may never be a patent right over AsicBoost. Thus, all miners should be entitled to make their own choice on whether to use AsicBoost technology without anybody having an exclusive right over it.  

Bitmain is committed to creating the industry standard for the most efficient and effective miners on the market. After testing AsicBoost on the Bitmain testnet, we found that the functionality does improve mining efficiency. 

One of Bitmain’s top priorities and guiding principles is to provide our customers with the best mining technology in the industry and after extensive internal conversations, we have decided to activate this functionality to achieve two main objectives

  1. Future Effectiveness: We recognize that cryptocurrency mining technology is rapidly evolving, innovating, and improving, and hardware depreciates rapidly. By activating AsicBoost, our customers’ hardware will increase in effectiveness while the future hardware we make continues to be the industry gold standard. 
  2. Stronger Network: We have been very transparent that we have activated AsicBoost in the miners on our testnet and have found that it improves efficiency in mining operations. Utilizing this technology will be very beneficial for the mining. AsicBoost has the potential to reduce the J/TH cost and increase the total hashrate of the network. By activating this upgrade widely, we are making the Bitcoin network stronger than ever before. 

 The new firmware can be downloaded at https://service.bitmain.com/support/download---------------------
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World Digital Mining Summit by Bitmain and BitKan held successfully last weekend in Tbilisi, Georgia (Sept. 21-23)

Bitmain co-founder, co-CEO, Jihan Wu, announces Bitmain’s new BM1391 7nm chip for SHA-256 mining 

World Digital Mining Summit by Bitmain and BitKan held successfully last weekend (Sept. 21-23) in Tbilisi, Georgia 

The World Digital Mining Summit, an event hosted by Bitmain together with BitKan, was successfully held last weekend, September 21-23, at the Hualing Tbilisi in Georgia, with cryptocurrency media and attendees heralding the summit as a great success.  The event drew over 1,000 attendees from all over the world, including: Georgia, Russia, Eastern and Central Europe, North, Central and South America, not to mention China, Japan, Korea and other countries in Asia Pacific and globally.  

Spectators enjoy the opening ceremony at the historic Tbilisi Opera

Opening at the Tbilisi Opera on Friday, Bitmain co-founder and co-CEO Jihan Wu announced the launch of Bitmain’s new 7 nanometer process ASIC chip.  Placing this 7nm technological innovation in the context of the development of blockchain technology to date, Wu also shared a detailed vision for the industry’s future, including the integration of AI and blockchain for decentralized artificial intelligence, and the emergence of cryptographic algorithms based on quantum computing.  Roger Ver, CEO of Bitcoin.com followed, discussing Bitcoin Cash (BCH), a vision for the coin’s future and the underpinning importance of economic freedom as a core value for Bitcoin Cash. 


Bitcoin.com CEO, Roger Ver presents on Bitcoin Cash (BCH) and its core value of economic freedom

Saturday saw Bitmain’s Head of Sales and Business Development, Sharif Allayarov kick off proceedings in the Grand Hall, presenting on challenges facing miners currently, notably hash rate growth and also providing details on Bitmain’s AntBox and Antminer series, and how Bitmain’s products provide market leading specifications and added value for miners.  Operations Director of BitKan, Cheng Yao, came next, presenting on BitKan’s offering and discussing how miners may find the correct benchmark in a volatile market.  This was followed by enlightening keynote speeches from Marco Streng, CEO of Genesis Group; Olsen Su, Bitmain’s Head of Global Mining Farms; Shaun Chong and Kevin Zhang of the Bitcoin.com Pool; Lingchao Xu, Project Director of Antpool; Dmitry Ozersky, Managing Partner of Electro.Farm; Jason Zhuang, Project Director of BTC.com; Batyr Hydyrov, CEO and Founder of Uminers; Martha Zhang, Co-founder of DEx.top; and, Shera Lei, COO of Rockminer.  The last speaker for the day was Amaury Séchet, Lead Developer of Bitcoin ABC, discussing plans and opportunities in scaling Bitcoin Cash (BCH) and the impact for mining economics.


Team members from Bitmain and BitKan cut cake for event attendees together with local host partner, Birtvi

Sunday saw a full schedule of keynote speeches in both the venue’s Grand and Sub Halls.  Sean Walsh, CEO of Hyperblock initiated proceedings in the Grand Hall, presenting Hyperblock’s vision for the exponential growth of money technology, detailed proposals for affiliate marketing as a means of bringing more users into the cryptocurrency eco-system and exploring some of the key supply and demand economics underlying Bitcoin’s volatility.  This was followed by Sue Wang, CEO and Founder of Mining presenting on mining opportunities in North America.  Other engaging keynote speeches followed by Kirill Orekhov, Business Development Director of En+ Group; Igor Runets, CEO of Bitriver Limited; Beqa Avaliani, CEO of BIRTVI and Inge Snip, Head of Communications at BIRTVI.  The afternoon was kicked off in an intriguing keynote speech by Beatrice O’Carroll, Head of Sales and Relationship Management (OTC Trading) of Circle, on de-mystifying OTC markets within the cryptocurrency space, explaining Circle’s OTC platform offering and how miners can get involved.  The afternoon in the Grand Hall proceeded with other interesting keynote speeches from Khikmatulloev Rustam, CEO of Sigma Pool; Micah Smith, COO of Blockchain Infrastructure Research; Ryan Xu, BD Director of ViaBTC; and Giorgi Berezovski of Fulcrum LLC.


Marco Streng, CEO of Genesis Mining is interviewed by media following his Grand Hall keynote speech

Sunday’s Sub Hall similarly ran a full schedule of keynote speakers, Denis Slabakov, CEO of New Mining presenting on Norway as the ideal global location for mining operations, explaining the firm’s Norway data center offering.  Kiril Nikolov, Sales Executive of Nexo AG spoke next, discussing the unlocking of mining operation growth via crypto-backed loans.  Other engaging keynote speakers followed, including Michael Whitehorn, Co-Founder and General Manager of D coin; Arutyun Nazaryan of Bistox Exchange AG; Ramak Jon of Plouton Group; Dmitry Nikiforov of Quppy; Evgeny Kaplin, CEO of ModulTrade; Wei Huang, CEO of Dake Data Limited; Ivan Liang, OTC Director of FBG One; and Tamar Menteshashvili of Expread and Shanghai Jiao Tong University.  The day’s keynote speeches were closed by Rodik Mik of Direct Blockchain (presenting Buddy) on giving miners a second source of income and Denis Maksimov LLC of WattsOn presenting “The Most Profitable Mining in Europe with the WattsOn Ecosystem.”


Attendees ask questions during Circle Internet Financial speaker Beatrice O’Carroll’s ‘Demystifying OTC Markets’ Keynote Speech Q&A

The event organizers, Bitmain and BitKan, would like to express our great thanks to all keynote speakers, attendees, sponsors and event partners for joining the World Digital Mining Summit.  The event was a wonderful success and we look forward to organizing a follow-up at the next available opportunity.  Thank you and we look forward to meeting again soon.


Attendees discuss together in the networking area outside the World Digital Mining Summit’s Grand Hall

 

WDMS local host partner, Birtvi was represented by the firm’s CEO, Beqa Avaliani and Head of Communications, Inge Snip, here presenting their keynote speech in the Summit’s Grand Hall---------------------
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Bitmain Announces Next-Generation 7 Nanometer ASIC Chip for SHA-256 Mining. New Mining Machine Will Be Available Soon

BM1391 Chip Uses the 7nm Semiconductor Manufacturing Process and Will Greatly Improve Power Efficiency, New Mining Machine Will Be Available Soon

BEIJING, P.R. China, September 21, 2018 – Jihan Wu, co-CEO and co-founder of Bitmain Technologies Ltd., announced Bitmain’s next-generation ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm at the World Digital Mining Summit in Georgia today. Mr. Wu also revealed that Bitmain will soon launch a new generation of mining machines equipped with the BM1391 chip.

Bitmain co-CEO and co-founder Jihan Wu at the World Digital Mining Summit in Georgia, September 21, 2018

The new ASIC SHA256 algorithm acceleration chip carefully built by Bitmain uses one of the world’s most advanced semiconductor manufacturing technologies, 7nm Finfet. The ASIC chip integrates more than a billion transistors and is optimized for maximum efficiency. Thanks to its unique circuit structure and low power technology, it is stable and more efficient. Mr. Wu said tests have shown that the chip can achieve a ratio of energy consumption to the mining capacity that is as low as 42J/T.

Bitmain next-generation ASIC chip with ratio of energy consumption to mining capacity as low as 42J/T 

At his keynote speech at the summit, Mr. Wu said mass production of the 7nm chip will begin and be applied to the next generation of Bitmain’s Antminer machines, improving the new miners in various performance indicators, in terms of power and power consumption, and enabling outstanding performance.

Mr. Wu also pointed out that blockchain technology has continued developing to the present day, noting that the technology’s first decade has seen many difficulties, and that the future direction of development will center around applications of the blockchain. He said that as applications continue to develop, the industry’s market capitalization as a whole will drive growth. Exponential growth in blockchain user traffic will at the same time require ever greater capacity in data processing, with hardware acceleration and parallel computing technologies being integrated with blockchain to help solve this problem.

Bitmain’s 7nm chip to be used in a new Antminer 

Bitmain has been committed to the development and launch of high-performance computing chips. Since its establishment, Bitmain has independently developed and mass produced a variety of chips. In 2016, Bitmain took the lead in releasing and mass-producing 16nm chips, applying them to its Antminer S9 miner and other models. The Antminer S9 quickly occupied international markets with its high-computing power, low power consumption and strong stability, and has become a leader in the global mining machine industry. In addition, Bitmain’s Antminer series of mining machines has introduced a variety of models that support different encryption algorithms to meet the global demand of different digital currencies.

As a world leading high-performance computing chip company, Bitmain has grown rapidly over the years. It now has multi-brand businesses including Antminer, Antpool, BTC.com and Sophon. Bitmain’s cryptocurrency mining machine has long been a world leader with a market share of more than 70%.

The 7nm chip reflects the R&D strength of Bitmain and further consolidates Bitmain’s industry position. For the entire industry, this not only accelerates the development of digital currency mining but also sets a new benchmark for quality, providing miners with a better mining experience.

About Bitmain

Bitmain – founded in 2013 and headquartered in Beijing – transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the global blockchain industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide – Antpool and  BTC.com. A leader in the still-nascent, high-growth blockchain technology ecosystem, Bitmain supports a wide array of blockchain platforms and startups, and actively participates in industry and community development. Bitmain has offices throughout China, including Hong Kong, and offices worldwide. For further information on Bitmain, see www.bitmain.com.

Bitmain, together with BitKan, is currently hosting the World Digital Mining Summit September 21-23, 2018 in Tbilisi, Republic of Georgia, featuring 30+ speakers and up to 1,000 attendees: miners, mining machine manufacturers, investors, mining pools, technologists, researchers and more. For further information, see www.miningconf.org.

 


Contact: 

Bitmain International PR and Communications Dept.

internationalcomms@bitmain.com---------------------
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Our Transparency Policy for Shipping and Mining Practices

As many of you have no doubt noticed, Bitmain has started to explore policies and behaviors that aim to increase transparency and foster greater dialogue between us and the cryptocurrency communities at large.

To put it plainly, we believe that communities served by Bitmain and its products should be supported and served as transparently as possible. Recent measures have included restricting order quantities, ensuring a first-paid-first-ship order of fulfillment, blocking IPs that we suspect to be hoarding, and publishing detailed shipping updates openly.

Based on the encouraging results from these early efforts, as well as our continued dialogue with the broader cryptocurrency community, Bitmain is redoubling its commitment to business transparency. Here’s how you can expect this effort to continue:

 

  1. Disclosure policy on self-mining

Every 30 days we will publish data to advise community members which algorithms Bitmain is currently mining for itself and the total hashrate of Bitmain-owned hardware on each of these algorithms. The report will be available by this link: https://blog.bitmain.com/en/hashrate-disclosure/

  1. Zero tolerance policy against ‘secret mining’

Secret mining’ is a practice whereby an ASIC manufacturer may mine with newly developed equipment prior to selling or distributing such equipment to customers. This has been criticized as conferring an unfair market advantage to ASIC manufacturers over individual community member miners.  Bitmain itself has been unfairly accused of this practice. In the end, Bitmain values transparency and fair competition.  We therefore remain opposed to this practice and maintain our long-held zero-tolerance policy regarding same.

  1. We will never seek to mine ‘empty blocks’

While often described as the result of sinister intent, empty blocks often occur because of issues in block propagation at the protocol level rather than active decision-making by mining pool operators.  We are actively working towards mitigating these issues.  However, should there occur any unusual or excessive rate of empty block mining by a mining pool owned by Bitmain, we will seek out the cause and disclose the reasons why.

  1. We will provide shipping and volume information of new miners to the public

We will publish the shipping and volume information for the first model of all new miners, tweeting the quantity and payment timestamps via the official Antminer Twitter account. We will do this for all rounds of shipments within the first batches of those models, because 1) these have the maximum impact on the network difficulty of a blockchain, and 2) these are the first miners that use our latest ASIC designs.

We present these efforts as our contribution to assuring both new and veteran participants of our commitment to a fair and transparent cryptocurrency ecosystem. Our intent is to both reflect and reinforce the philosophies that brought all of us here in the first place. We look forward to continuing the dialogue.

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The above in Chinese:

 

我司关于货运和挖矿相关业务政策的透明性声明

 

众所周知,比特大陆已经开始摸索旨在增强与加密货币社区间对话以及透明度的业务政策和行为准则的制定。

简单来说,我们坚信比特大陆及其产品所服务的加密货币社区应尽可能公开透明地得到帮助和支持。 我们近期所做的努力包括限制订单数量,按先到先得的规则确保发货,屏蔽恶意囤货IP, 以及公开地发布细节性货运信息。

以上这些初步的努力已经取得显著成效,再加上我们与加密货币社区日益密切的对话,比特大陆决定将加倍致力于业务透明度的提高。以下是此项努力的预期发展目标:

 

  1. 自挖矿算法全公开政策

每隔三十天我们都会向社区公开比特大陆当前的自挖矿算法,并公开发布比特大陆在每个区块链上拥有的总哈希值。该数据将通过以下链接提供: https://blog.bitmain.com/en/hashrate-disclosure/

  1. “秘密挖矿”零容忍政策

“秘密挖矿”是指ASIC制造商在向客户销售或发售此类设备之前秘密使用其新开发的设备进行挖矿的做法。 这被谴责为是ASIC矿机制造商强加给社区矿工的不公平市场竞争。比特大陆重视透明度和公平性,即便曾被有失公正地指责在进行秘密挖矿,我们也会无论如何对此类行为持反对意见并将长期坚持零容忍政策。

  1. 我们永远不会试图挖“空块”。

挖空块常常被恶意宣传,然而它的出现取决于区块的广播和接收而非矿池操作人员的操纵。我们正在通过积极努力来减少这类问题。因此,如果比特大陆所拥有的矿池出现任何异常或过高的空矿开采率,我们将排查原因并公开披露。

  1. 新型矿机货运和数量信息公开

通过蚂蚁矿机官方推特,我们将公开所有新型矿机中第一批矿机的货运和数量信息,以及支付时间戳。 我们将对新型号第一批中的每一个矿机进行此操作,因为1)它们对区块链网络难度的影响最大,并且2)它们是使用我们最新ASIC设计的第一批矿机。

 

我们愿为加密货币社区的发展贡献一己之力,努力为新老社区成员提供一个公平而透明的加密货币生态系统。我们的愿景是反思并强化那些带领我们大家走在一起的初衷。我们也对将来与加密货币社区的交流充满了期待.---------------------
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