Bitmain Adds 2 New Antminers to Its 7nm S17 Lineup

Bitmain, the leading Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term miner manufacturer, has added two new ASIC-based Bitcoin miners -S17e and T17e - to its S17 series.

Launched today, both miners were designed to be more power-efficient and achieve a higher Hash Rate Hash Rate A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain Read this Term.

Detailing the hardware specifications, the company stated that Antminer S17e will offer a hash rate of 64 TH/s and operate with a power efficiency of 45 J/TH, while T17e model will provide a hash rate of 53 TH/s along with a power efficiency of 55 J/TH.

To improve heat dissipation in both models, the Chinese manufacturer has introduced dual-tube heat dissipation technology. The company is claiming that this technology will also increase the stable operations period of each machine, thus reducing maintenance costs for customers.

In addition, these miners will be laced with software capable of detecting any attempt of malicious attacks, the announcement detailed.

High demand for 7 nm ASICs

Antminer S17 series miners are the only ASIC-miners with a 7-nanometer chipset inside. Bitmain first launched a miner under this lineup in April - the Antminer T17 - with a hefty price tag of $1270 a unit. The miner, however, was met by strong demand in the market, which drove the company to add these two new miners to its lineup.

Both new Antminers will be released in three batches. The first batch will be available for sale on September 9 at 7 pm (GMT+8) and is expected to be delivered in the first ten days of November, while the second batch will go on sale on September 10, and the third and final batch the day after.

Per Bimain’s website, Antminer S17e with a price tag of $2,784 is already sold out, as of press time, and the company is selling the next batches at a premium price of $3,293. Antminer T17e is priced at $1,665, making it the mid-tier model.

Last month, media reports revealed that the Chinese giant incurred a loss of $310 million in the first quarter of 2019 with the clearance of its old inventory. However, it is eying to recover the amount with its latest Antminer series.