Two weeks after a 15% increase in electricity prices in Turkey, a new store selling professional mining equipment has opened its doors in Istanbul — the business hub of the country — on Tuesday. Opening a mining equipment shop in a country with costly electricity seems counterintuitive. But Phoenix Store, Bitmain’s sales partner in the Middle East, did the math before opening … [Read more...] about Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
Bitmain
US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain
Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs.According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in August 2021, Bitmain will deliver 600 mining rigs to Gryphon each month as part of the deal. The … [Read more...] about US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain
Bitmain Halts Sales Of Bitcoin Mining Rigs Amid China’s Crackdown
Miners relocating out of Bitcoin mining regions in China have flooded the market with second-hand mining machines to the detriment of Bitmain’s new devices. Most miners are now looking to move to Texas or Kazakhstan Bitmain Technologies Ltd, a global leader in the manufacture of mining rigs, has reportedly halted sales on its Bitcoin mining machines. The Chinese-based company … [Read more...] about Bitmain Halts Sales Of Bitcoin Mining Rigs Amid China’s Crackdown
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities.According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by customers amid massive selling on the … [Read more...] about Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
Bitmain Teasing With the Upcoming AntMiner E9 Ethereum Miner
25 Apr 2021 Bitmain is teasing with the apparently soon to be launched new Ethash miner called Antminer E9 that is supposed to be offering 3 GH/s mining hashrate with 2556 Watts of power usage and 0.85 J/M power efficiency. This is what they claim to be the equivalent of 32 RTX 3080 graphics cards and it roughly is in terms of performance. So, the Antminer E9 is going to be … [Read more...] about Bitmain Teasing With the Upcoming AntMiner E9 Ethereum Miner