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Posts Tagged ‘Bitmain’

New 2 THS Bitmain AntMiner S4 Bitcoin ASIC Miner Coming Soon

16, Sep 2014

bitmain-antminer-s4-asic

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.

Is Bitmain Preparing to Launch a Scrypt ASIC – Antminer L1

3, Sep 2014

bitmain-antiminer-l1

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…

Hashnest with New Lower Price and Our First Impressions

2, Sep 2014

hashnest-current-price-hashrate

Yesterday we’ve told you about the new announcement coming from Bitmain about their acquisition of the Snowbal.io service that is now called Hashnest and about their plan to start selling cloud mining hashrate via the new platform. They have already started selling the initial offering of 4 Petahashes worth of hashrate powered by AntMiner Bitcoin ASIC miners today and we have already purchased 100 GHS to try out the service. Initially the price per GHS was supposed to be 0.0016 BTC, but it has apparently been lowered to 0.00135 BTC making the offer more attractive even though the maintenance fee is still at about 37 percent which is a bit higher than we would want to see it. But since the maintenance fee is quoted in USD per GHS with increase of the Bitcoin price the fee percentage should get down to a more acceptable level. With the new price per GHS and the current maintenance fee with a more moderate 10% average increase of the Bitcoin network hashrate you can expect to see a ROI in less than 8 months, not that great, but not too bad either, especially compared to some other recently launched alternatives that we’ve covered. So while not great profitability wise, that offer does not seem that bad either compared to many of the available alternatives and even compared to the initially announced higher price per GHS. The hashrate you purchase will be valid and mining for as long as the mined coins are more than the fees collected by the service, so the downside could be if the hashrate you purchase becomes unprofitable in less than 8 months.

hashnest-100-ghs-status-table

We have purchased 100 GHS for 0.135 BTC just to test out the service and to give out some firsthand experience. It seems that Hashnest does need to do some more translation in English and improve the translation of some of the already translated in English texts. Also the statistics you get is not very detailed and the graphs for the hashrate are not for your own hashrate, but for the overall hashrate of the cloud mining contracts offered through the platform from the provider UMISOO. So currently the Miner Status page is not very informative apart from the data in the table you get about your purchased hashrate and the “Unassigned Earnings” which apparently is the amount you have mined so far. Other than that you should know that in order to purchase Bitcoin mining hashrate from Hashnest you should first deposit Bitcoins in your account and then you can pay with them for hashrate. The confirmation of the transaction and the availability of the Bitcoins in your account is pretty fast and after you have them in your balance the purchase and allocation of the paid hashrate apparently happens instantly. We’ll see how the service will continue to evolve, but it seems that it needs some work on the user stats for the new cloud mining functionality and the rest is apparently already working quite well.


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