Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment. Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on crypto mining activity by local authorities.According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by customers amid massive selling on the secondary market.By postponing the sales, Bitmain intends to help miners exiting the industry get better prices....
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The $62 million deal is expected to generate $10 million in monthly revenue for ISW Holdings. Chinese mining hardware giant Bitmain will be bringing 56,000 of its latest Antminers to the southeastern U.S. state of Georgia.The influx of mining rigs is part of a three-way deal between Nevada-based tech firm ISW Holdings, crypto mining datacenter Bit5ive, and Bitmain. The total cost of the hardware deployment will be around $62 million according to ISW and is expected to generate monthly revenue of $10 million when running at full capacity.ISW Holdings has already parted with $6 million....
The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban. Bitmain, the cryptocurrency infrastructure company behind the Antminer brand, will temporarily halt the sale of mining machines to help secondary sellers offload their supplies following China’s wholesale ban on Bitcoin (BTC) mining. The suspension of new Antminer sales will begin immediately, Bitmain announced Thursday via WeChat. By suspending the sale of new....
Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for the Mining Rig Manufacturer Bitmain Faster bitcoin mining rigs manufactured by Bitmain may be coming at the end of 2021 or possibly next year. A recent report published by digitimes.com says....
Bitcoin miner maker Bitmain is reportedly in hot water in Taiwan amid the backdrop of the ongoing U.S.-China tech tussle. Prosecutors in Taiwan have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers.According to a report by Nikkei Asia, a probe has already been launched in New Taipei and Hsinchu — Taiwan’s semiconductor manufacturing hub — to investigate the activities of the Chinese crypto mining chipmaker.The New Taipei Prosecutors Office says as part of the illegal poaching enterprise, the Bitcoin (BTC) mining chip maker allegedly set up shell....
Bitmain is taking a new approach to getting more people involved in bitcoin mining. Bitmain is introducing the AntMiner R4, and their new PSU: the APW5. According to the company, both products are made with a broader range of users in mind, both utilizing new cooling systems to improve heat dissipation and noise output. The New Bitmain AntMiner R4. The AntMiner R4 is a new line of bitcoin ASIC miners aimed at the average consumer. This miner uses the new 16 nm ASIC, with a 8 th/s to 8.6 th/s hash rate. A new cooling and styling design keeps the R4’s noise levels low, reportedly peaking....