blog.bitmain.com

Cryptocurrency, Bitcoin, Bitmain and more...

Tag: AntminerS19

Bitmain Facilitates Long-Term Partner Core Scientific Becoming the Largest Miner Hosting Provider in North America with over 58,000 additional S19 Series Antminers

76,024 S19 Series Antminers are Purchased by Core Scientific in the past 16 months

Hongkong, Dec. 18, 2020 Bitmain – the world’s leading producer of cryptocurrency mining hardware, today announced a new purchase deal with Core Scientific, the largest blockchain hosting provider in North America. More than 58,000 additional S19 Series Antminers will be shipped to Core Scientific through September 2021, bringing the total purchase of Bitmain’s S19 Series to 76,024 in the past 16 months for the value of over 129 million USD.

Back in June this year, Core Scientific has bought 17,595 units of Bitmain’s next-gen Antminer 19 Series. Ever since then, the market demands for digital asset mining has been growing significantly and driving hosting service providers, such as Core Scientific, to expand their facilities. Bitmain’s S19 Series has been the top-selling mining machine in the global market ever since launched. With the custom-built 7nm chip from Bitmain, S19 Series has set a new industry standard and proven its stable yet efficient performances.

“Since our last purchase agreement with Bitmain in June, Core Scientific has witnessed surging demand from new and existing customers in addition to a significant uptick in institutional interest for digital asset mining in North America. I am very pleased to note that over 17,000 of Bitmain’s new-gen digital mining machines have been stable and operating efficiently within Core Scientific’s facilities. This is instrumental as we compete for head-on for global hash rate and solidify our position as the largest hosting provider in North America.” Said Kevin Turner, President, and CEO of Core Scientific.

“Core Scientific has been a long-time customer and friend to us. Together we have been driving the digital asset mining ecosystem in North America. This new purchase is another strong proof of their determination to take the game to the next level by facilitating more customers to participate in the mining market. We are honored and glad that our products can be part of it.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

Earlier this year, Bitmain just announced to set the very first and only cooperative repair center in North America through a partnership with Core Scientific. Before that, Core Scientific cooperated with Bitmain to bring the very first Antminer Training Academy to North America last year.

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

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

The story behind the ASIC evolution

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.

Fast forward ten years and Bitcoin mining generated five billion U.S. dollars in revenue in 2019. Despite industry growth volatility, these figures suggested an overall increased demand for bitcoin miners.

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

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Four FAQs answered as the countdown to the Bitcoin halving begins

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.

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

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

Bitmain Announces Specs for Next-gen Antminer S19 and S19 Pro Coming Soon

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:

North, Central, South America:

Contact: [email protected]main.com

Europe, the Middle East, and Africa & The Commonwealth of Independent States:

Contact: [email protected]

Asia Pacific: Contact: [email protected]

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

Facebooktwittergoogle_plusredditpinterestlinkedin
Follow Us for Latest News & Articles:

Facebooktwittergoogle_pluslinkedin

© 2021 blog.bitmain.com

Theme by Anders NorenUp ↑