Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm ...
Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.
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“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu. The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company.The now former CEO and Chairman of Bitmain sent out an encrypted farewell message to his followers, announcing that the long-standing disagreement between ousted co-founder Zhan and himself had been settled in an “amicable” and “constructive” manner.“I have resigned from the CEO and Chairman of Bitmain as of today,” said Wu, after....
Liquid-cooled mining machines from Chinese chipmaker Bitmain have been unveiled. The S19 XP HYD is expected to be one of the company’s most energy-efficient models ever. The new mining setup employs liquid cooling. According to reviewers, it is the most power-efficient among all models of mining equipment from this manufacturer. These hydro cooling rigs are exclusively for usage in Bitmain containers. Bitmain Rig Packs A Punch The newly announced mining rig is dubbed “Antminer S19 XP Hyd.” It boasts 255 terahashes per second (TH/s) of processing power and 20.8 joules per terahash....
Bitmain has just released the specifications and a rough shipping time frame of the long-awaited Antminer S9 using the new 16nm process for the ASIC. The new S9 uses 189 chips to achieve this speed across 3 boards. Power consumption has been dropped to 0.1 J/GH for a power pull of roughly 1380 watts. This step up in chip speed and power is still presented in a S7-type design for easy deployment and long term use. Bitmain sees this step from 28nm to 16nm as a crucial change in the mining cycle and long term use of the miners — as opposed to the traditional cycle of releasing a new....
Bitmain, the Bitcoin mining equipment manufacturer has clarified its role in the new 140,000 kW data center. The distribution of Bitcoin hashing power is one of the most debated subjected among the Bitcoin community members. Recent reports of Bitmain’s upcoming mining facility has got people talking about the increasing dominance of Chinese mining pools in terms of hashing power. The announcement also garnered a reaction from Peter Todd, one of the well-known names in the Bitcoin development community. In his Twitter reaction to reports of new upcoming 140,000 kW Bitmain mining facility in....
Bitcoin mining hardware designer Bitmain has released the AntMiner S3, the latest member of its AntMiner family based on 28nm silicon. The AntMiner S3 claims to deliver up to 478GH/s while consuming 366W of electricity, making power efficiency one of Bitmain's biggest selling points. It is priced at 0.75 BTC. AntMiner S3 spec and efficiency. Since the S3 churns out 478GH/s (±5%) and consumes 366W, Bitmain says its power efficiency is 0.77J/GH at the wall. It uses a standard ATX PSU, which is not provided by Bitmain. Due to the relatively low overall consumption, customers can opt for an....