Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China...
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....
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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....
One ambitious bitcoin company is seeking to make mining a hobbyist activity again. China-based Bitmain let slip today it will soon release its latest bitcoin mining rig, the R4, which it believes will be powerful enough to "bring mining back home". Representatives for Bitmain said in an email to CoinDesk that the R4 is "the second most powerful bitcoin miner in the world", and that it will seek to reach enthusiasts with its production. By building the miner with 16nm chips, Bitmain said it is able to reduce the cost of electricity for the miner, a leading factor for profitability.....
One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency.
Bitmain’s Latest Miner Processes 198 Terahash per Second of Computing Power
Bitmain announced the launch of a new miner called the Antminer S19 Pro+ Hyd on January 17, 2022. “The Antminer S19 Pro+ Hyd. has officially launched,” Bitmain explained.....
China's bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate.
Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%. Bitmain Unveils New Scrypt Miner With 9.5 Gigahash According to the Chinese journalist Colin ‘Wu’ Blockchain, Bitmain has revealed a new scrypt coin mining device that packs a lot more hashrate than the company’s previous model. Wu tweeted out the....