Posts Tagged ‘Bitmain


It seems that Hashnest, Bitmain’s Bitoin cloud mining platform, is having trouble to sell their initial 4 Petahashes worth of Bitcoin hashrate even though they have recently lowered the price per GHS down to 0.001125 BTC from 0.00135 BTC. They still have almost 2 PHS unsold and the reason for that is very simple – with the current BTC price the maintenance fees you need to pay are about 60% of what you are mining with your purchased hashrate. The new lower price was apparently not the only countermeasure they have taken, as we have received 20% increase in our initial purchase of 100 GHS to try out the service when it was announced early last month. We have not seen any official announcement or received anything by email about the increase of the hashrate, but it seems that this is some kind of bonus…

The hashrate we have purchased on 2nd of September was 100 GHS for 0.135 BTC and now, a month later, we are checking how things are progressing with our earned coins for this whole time. What we have earned until 2nd of October in our wallet is 0.0318239 BTC or a bit short of 1/4th of the amount we have paid for 1 month. That however does not mean that we are going to be able to ROI in three more months, because of the constantly increasing network difficulty it will take more time than that, especially if the fees continue to remain as high as they currently are. So at the moment it may not be a wise idea to invest in cloud hashrate at Hashnest and people apparently are aware of that as the service is having trouble to sell the second half of their initial offering of 4 PHS Bitcoin cloud mining hashrate powered by Bitmain AntMiner S2 ASIC miners.


Bitmain has just posted a teaser about an upcoming product in the form of a Bitcoin ASIC miner – AntMiner S4. The new miner is supposed to offer 2 THS hashrate, but no other specifications or price is yet revealed. The tester does say however that the new miner should be available for order by the end of the week and it should start shipping to customers by the end of September. So it seems that the company is returning back to their previous way of doing business – announcing new miner and starting to ship it soon after orders are accepted and paid. Unlike with their recent announcement of a pre-order Scrypt ASIC miner – Bitmain Antminer L1 that did get not so positive feedback from users that are not happy with pre-orders that they have to wait for months.


The official website of Bitmain Tech has a new product listing for a few days already of a new device called Antminer L1, but there are still no details and specifications published. However the listing for the new device has the speed rating listed in MH/s even though it currently says 0 instead of GH/s rating that we see listed for the Bitcoin ASIC miners that the company sells. Until now Bitmain has only been offering Bitcoin miners, however it will not be a surprise if they have been working on a Scrypt ASIC miner as well and may soon launch such a device. For the moment there are still only speculations about the new device, but hopefully we are going to see an official announcement with specifications and know if it is going to be another Bitcoin miner or a Scrypt ASIC miner.

Update: The announcement just came, AntMiner L1 will be a Litecoin miner offering a price of $5 per MHS and will start shipping in December. The L1 miner should provide a hashrate of 120 MHS for Scrypt mining and will have a price of $599 USD per unit with free shipping worldwide, based on 28nm production process it will have a power usage of 380 Watt at the wall. It also seems that the new miner will have support for mining Scrypt-N crypto currencies as well and not only Scrypt ones. There is also something new about the Bitmain AntMiner L1 miner and that is the fact that the company is essentially accepting pre-orders for a device that should be ready for shipping in about 3 months from now. Up until now Bitmain has announced new products and shortly after that the company started shipping them, so the products were ready when announced and not still in the development stage as is the case with the L1 miner apparently.

Visit the official product page of the upcoming Bitmain Antminer L1 ASIC miner…