Hong Kong, September 27, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware will hold the World Digital Mining Summit 2021 (WDMS) in Dubai from November 09-10. It will be the third WDMS event, this year hosted by Bitmain and Antminer.
WDMS will gather the world’s top leading data center
operators, hosting providers, mining pools, exchanges, and other industry
elites in the field of digital currency mining. At the same time, the summit
serves to create a professional platform to introduce renewable energy
providers and investors to enter the industry.
This comprehensive digital currency mining exchange
platform integrates new innovative technologies, cultivates business cooperation,
data center construction, green energy mining opportunities, industry
information exchange, and the latest policy discussion for all partners who
attend the Summit.
During the summit, Bitmain will reveal the latest all-in-one
mining container solution and Antminer products. The company will continue to
announce its progress and plans in building a global mining ecosystem,
including the global after-sales maintenance and Antminer maintenance training
center programs.
The summit will showcase dozens of speeches and engaging panel
discussions regarding the development of green energy mining, mining
globalization, data center construction, mining operations enhancement, global
policies and regulations, and more。
Bitmain welcomes interested attendees to join the WDMS
2021. For more information and tickets, please visit https://wdms.global/.
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Hong
Kong, September 20, 2021 – Bitmain – the world’s leading producer of
cryptocurrency mining hardware is hosting the very first Digital
Mining Energy Conference
(DMC) on September 09, 2021, in Miami, Florida. DMC focuses on the development of mining in North America through the
adoption of renewable energy and new mining technologies, co-hosted by Bitfufu and AntAlpha.
The conference provides an ideal platform for
miners and renewable energy providers to gather and build new partnerships in
setting up future facilities that utilize green energy. Participating companies
will showcase the latest technological trends to incorporate into new mining
infrastructures.
The event will bring valuable insights which cover current
data center operations, investment opportunities, building partnerships with
renewable energy suppliers, new mining technologies, mining regulations, and more. DMC will be joined by Bit5ive, Foundry, and Compass mining, along with
other top leading mining companies.
DMC Participating Companies
As the mining industry continues to expand
and mature, more industries have taken an interest to become a part of the
digital currency mining space. The event invites interested parties to join
Bitmain and its partners in promoting the global expansion of green energy
mining.
Learn more about the event through the event
website: https://digitalminingconf.com/
On April 13, Bitmain held the Crypto Mining Forum (CMF) online for the North American Region. Antminer, AntPool, along with key customers and strategic partners all participated in the forum to deliver solid speeches and panels, aiming at bringing together the top leading mining companies’ insights on the current state and the future development of the cryptocurrency mining industry in the region.
Bitmain, Antminer, and AntPool Continues to Empower Users
and Mining Industry
The cryptocurrency mining industry has entered a new stage of
maturity and stability. Since Bitmain’s establishment in 2013, the company
has spared no efforts to develop advanced technologies and innovations to move
the industry forward.
Main Speakers
At the forum, Irene Gao, Sales Director of NSCA, Antminer, announced the new global sales strategy from Bitmain. The company will adopt an ordering method with insured clauses for users. To better meet the growing market needs for mining hardware, Antminer recently introduced an annual batch order purchase for the Antminer S19j Pro. Featuring a strong hash rate at 100 TH/s and a low energy efficiency ratio of 29.5 J/TH, the miner can truly bring a long-term investment value to customers.
Eric Wang, North American Operations Manager at AntPool, introduced the mining pool development. According to Eric, in recent years, he has witnessed a significant hash rate growth in the region and forecasts that the region will continue to grow.
To better empower miners, Bitmain announced at the CMF, the
company will develop a global mining map to assist customers in finding the
best/new locations for new facilities set-up. Besides, Bitmain will establish
more cooperative mining centers in North America to empower the industry to
flourish and promised to meet the goal of repairing miners in the region to achieve
a turnaround time (TAT) of 3 days. As the world’s leading cryptocurrency mining
platform, AntPool will continue to provide miners with more easy-to-use, safe
and efficient services, bringing rich and transparent income for miners.
Foundry: Hardware Becomes the Focus of Bitcoin Mining
Race
Michael Colyer, CEO of Foundry, the cryptocurrency mining subsidiary of Digital Currency Group (DCG), shared his observations and predictions on the current mining market. He said that due to the continuous advancement of Bitcoin mining technology, the mining industry’s demand for chips is competing with other cutting-edge technology companies such as Samsung and Apple, resulting in insufficient global chip supply and a situation of grabbing chip resources. Meanwhile, institutional miners have entered the game, making it harder for people to get miners, and resulting in more competition as intuitions have strong access to investments.
The specialty of the North American market is that companies have
access to capital markets. Therefore, more and more companies are planned to go
public in the next six months. Moreover, many energy companies have also begun
to investigate the Bitcoin market, considering its huge growth potential and
will be become more active over time.
In terms of the industry opportunity, Michael pointed out mining hardware
will be a great investment option, as most of the mining products can continue
to operate for 4-5 years, which will bring a long-term investment value to
miners.
State of Mining
2021: Large Scale Operation with Green Development
Panel Discussion 1 Speakers
Moderated by BitOoda CEO Tim Kelly, Core Scientific Chief Customer Success
Officer Russell Cann, Greenidge Chief Mining Officer Greg Ohanessian, Crusoe
Energy CEO & Co-founder Chase Lochmiller and Crusoe Energy President & Co-founder
Cully Cavness joined the panel themed in the State of Mining in 2021.
At the panel, discussers pointed out that as more and more users and institutions have joined the camp, the mining industry is no longer as fragmented and rough as the “wild west”, but it is now moving forward into a stage of institutional miners at a large scale. At present, larger financialization is happening in the space, which increases ways to finance the industry such as debt financing.
Moreover, mining companies pay more attention to relevant regulations and will also increase investment in environmental friendliness. The panel highlights that driving green energy for mining will bring more opportunities and will be crucial for the future.
In the United States, there is an interrelationship between energy and mining. Experts predict that the use of renewable energy and innovative technologies will become a new trend in the development of the mining industry. On one hand, more miners will attach more importance to the relations between mining and sustainable energy and will use renewable energy to promote the reduction of power consumption. On the other hand, the development and application of immersion mining technology is a future trend to keep an eye out for, which can effectively improve energy efficiency ratio of mining hardware, prolonging the life of miners, and provide mining companies with opportunities to open in better mining locations since favorable mining locations are usually in harsh environments.
Energy suppliers also starting to understand the mining industry’s demands,
providing more resources and services for large-scale digital mining. Hosting
service is also growing, as it comes with advantages such as low electricity
prices and professional management.
In the next few months, miners should consider that more hash rate will be
added once mining companies receive their future orders, which can affect the
profitability of mining. Altcoins, which provide different innovations, can be
considered, nevertheless, Bitcoin will be the core cryptocurrency from a long-term
perspective.
Trends & Innovation: New Business Model and the Influx of
Institutions
Panel Discussion 2 Speakers
Gemini Asia Pacific Business Development Bureau
Director Eugene Ng, Atlas Mining Founder Raymond Yuan, DMG CEO Sheldon Bennett,
Clean Spark CEO Zachary Bradford, and Luxor Co-founder & CFO Ethan Vera
discussed and predicted the mining trend and innovations at the second panel.
The panel pointed out the new trends in the mining
industry. First, the adoption of cooling system leads the new trends, as
immersion cooling provides the same hash rate with less power consumption. Far more important, driven by the vigorous
development of the Bitcoin mining industry along with multiple favorable
factors, a large number of new investment institutions have entered the market,
bringing in a new business model, i.e., the financialization of hash rate.
The influx of investors and institutions is just
the beginning. When more speculators participate in the cryptocurrency mining field
on a large scale, it will open the door for other digital currencies, and the
cryptocurrency market will usher in more opportunities. In terms of
technological innovation and application, topics were discussed at the panel around
software upgrades, financial tools, and energy improvements to reduce mining
costs.
The North American session of the Cryptocurrency Mining Forum was successfully concluded. The CMF Forum is a series of global events held by Bitmain, aiming to build an information-sharing platform for the global mining industry’s discussion, prediction, and prosperity. The forum has been successfully held in Miami, Toronto, Kuala Lumpur, and in other cities before, which has gained extensive support and large popularity from Bitmain’s customers, partners, and miners around the world. Soon, the CMF Forum will set sail again in Europe (online), let us look forward to more exciting insights brought by the European section!
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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