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Posts Tagged ‘Bitmain

If you think that BitMain has too much control over the Bitcion ASICs out there being one of the main manufacturers on that particular market, then you might be happy to learn that there is a new alternative coming next year. There are of course the Canaan Avalon miners and the Ebit E9 miners already available, though they are also hard to get, just like the Antminers from Bitmain lately. The just announced DragonMint 16T Bitcoin ASIC miner from a new company called Halong Mining is looking very promising. What makes this announcement even more interesting is the fact that one of the Bitcoin Core developers – BtcDrak seems to be directly involved in the development of the miner and with Halong Mining who developed it. According to the initial information the project has been started quite a while ago with a lot of people contributing and with a serious investment in order to be able to bring the much needed competition and innovation to the Bitcoin mining arena. The only possible problem here is that it might still be hard to acquire for some small miners and users willing to get just a single ASIC miner to play around with once it becomes available, especially if demand from large scale mining operations is as high as it is with Bitmain’s products.

The DragonMint 16T is supposedly the world’s most efficient Bitcoin miner, running faster and cooler than any competing miners currently available. It is based on the DM8575 ASIC chips that run at 85 GHS per chip with power efficiency of around 0.075 J/GHS according to the developers. If you are wondering what is the catch here, well the new miner is not yet available for sale, it is expected to start shipping in March 2018 or in about 4 months from now. You can however already pre-order the device with a minimum order quantity and a regular price tag of $1595 USD (with first day promo at $1350 USD per device). That price does not include a power supply, just the miner, but you can also add a 1600W PSU for $125 USD ($115 USD on promo), though again this is a pre-order. As with all other pre-orders and promises for a new product that is to start shipping in the future it is advice to proceed with caution, especially in cases such as this one where it is from a newcomer in the crypto space (new company)!

DragonMint 16T Specifications:
– ASIC Type: SHA256
– Hash power: 16 THS
– Network: Ethernet port
– Miner power consumption: 1205 W ±6%
– Chip efficiency: 0.075 J/GHS ±6%
– Fans: dual fan variable 6000rpm (100W)
– Power Supply: Not included (1600W recommended)

For more details about the new ASIC miner check the official website of Halong Mining…

Something interesting and not so nice regarding Bitmain and their latest batch of Antminer S9 ASIC miners, it seems that although the company is listing prices in USD, BTC, BCC and LTC on their website it will only accept payment in BCC (Bitcoin Cash) for the batch of miners shipping November 21-30. As a maker and seller of these devices Bitmain of course has the right to sell them any way they want and accept the payment in the form they choose, but this way of essentially “forcing miners” to buy BCC to pay for the hardware (in case they do not have it) is probably not very “politically correct”. It is understandable that they want to support BCC, but is this the right way to do it or it will fire back with users going to alternative options for ASIC miners (not that there are many available unfortunately)…

The questionable text about BCC payment for the batch is under Payment and is quoted below:

Only BCC payment method is accepted in this batch, please use the exact amount mentioned in your order and complete the payment within one hour. After one hour, the order will expire and your payment may not be detected by the system automatically. If the payment is submitted but the receipt is delayed, we will make your payment “Valid” manually.

It seems that BitMain is willing to extend its presence from just the ASIC mining market as the company is apparently releasing two new devices for miners that are essentially dedicated GPU miners. For now the devices dubbed G1 with 8x GeForce GTX 1060 GPUs and G2 with 8x Radeon RX570 GPUs are only listed on the Chinese website of the company with prices only in CNY. This means that they are most likely targeted initially for the Chinese miners market and may not be sold outside of the country. Inside the server like cases we are expecting to see mining versions of the GPUs being used as this is the way to go with such solutions intended for large scale mining operations and not for small home miners. As one would expect the devices are targeted at Ethereum (ETH) miners with hashrates listed for the Ethash mining algorithm, though you should in theory be able to mine pretty much any other cryptocoin that can be mined with GPU. The first batch of GPU miners from BitMain is apparently for 500 units of each.

BitMain G1 8x GTX 1060 GPUs:
– CPU: Inter Broadwell-u 3215 or 3205
– Memory: 4GB SO-DIMM, DDR3 / L-1600
– Hard disk: 1 x Msata 64G SSD
– Ethernet: 1 x 10M / 100M / 1000Mbps (Intel I210-AT)
– USB interface: 2 x USB 2.0
– Display interface: 1 x HDMI
– Graphics card: 8 x NVIDIA GeForce GTX1060
– Hashrate: ETH Hash Rate: 200MHash ± 10%
– Carton size: 530mm x 320mm x 160mm
– Weight: 12.5Kg (without power)
– Price: 18700 CNY or about $2863 USD

BitMain G2 8x RX 570 GPUs:
– CPU: Inter Skylake-s G3900-LGA1151, PCH-B150
– Memory: 8GB UDIMM, DDR4 -2133
– Hard disk: 1 x 2.5inch Sata 128G SSD
– Ethernet: 1 x 10M / 100M / 1000Mbps (Intel I210-AT)
– USB interface: 2 x USB 3.0
– Display interface: 1 x VGA
– Graphics card: 8 x AMD Radeon RX570, GDDR5
– Hashrate: ETH Hash Rate: 220MHash ± 10%
– Carton size: 555mm x 445mm x 132mm
– Weight: 15Kg (including power)
– Price: 19700 CNY or about $3016 USD

There is no mention of power usage and what power supplies are included in the miners or you need to take care of this on your own. Based on the description of the miners it is possible that the G1 does come without a PSU (there are external PCI-E power connectors on the chassis) while the G2 may actually have one built-in (judging from the photos), but it is not very clear. No information of the GPUs inside are mining edition cards or not, nor what is the amount of video memory of the video cards used 3/6GB for Nvidia or 4/8GB for AMD. These are all things that people interested in GPU miners would really be interested in and currently they are not being listed as details.


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