Bitcoin mining equipment manufacturer Bitmain has launched two new ASIC machines for miners to enjoy. With roughly 18 million of 21 million BTC units already extracted, the world of bitcoin mining is getting rather tough and competitive, and the introduction of new equipment is likely to add strain to an already up-and-down industry.
Bitmain Is Making Its Mark Once Again
In addition to Bitmain’s machines, a new air-cooled mining container released by Northern Bitcoin based in Frankfurt, Germany will soon make its way onto the public market.
The new miners are known as S17e and T17e. They are alleged to more efficient and durable that Bitmain’s previous products, as well as more secure. While the costs of the machines are not yet public information, people are eager to get their hands on these new machines and Bitmain is already taking orders. Those who make purchases now can expect to receive their machines by late November – right as bitcoin is alleged (by some analysts) to begin a new trek towards $20,000 per unit.
However, Bitmain is a company known for experiencing delays. That’s what makes these miners more “special.” The company says that it will provide compensation to all customers who pre-order the devices and do not receive them by the set timeframe. In addition, they’ll be eligible to receive larger rewards from the company’s growing mining pool.
While the company has not provided specific comments, this could potentially be to make up for some of its sketchy history in the past. Bitmain, a number one provider of bitcoin ASIC machines, was recently caught mining coins through its customers devices without their knowledge or permission. The company was hit with a class-action lawsuit by several individuals who say the company was profiteering off their energy payments.
Maybe this new rewards program is a way of apologizing to the people it’s wronged…
Northern Bitcoin, on the other hand, is providing a full container of 144 ASIC miners designed for commercial mining projects. The container is 20 feet long and designed to be kept outdoors. It also comes equipped with a built-in filter that utilizes cold outside air to lower the temperatures of mining machines.
When Can We Expect It?
CTO of the company Moritz Jager claims:
The new air-cooled technology has been optimized for year-round cool locations. With the new container variant, we are thus extending our option to open up new locations in Scandinavia for our bitcoin mining.
Unfortunately, a date has not been set on the release of the container, nor is there any word on when it will be ready for customers to purchase. At the same time, cryptocurrency mining has grown heavily over the past several years into an industry that’s requiring more workers and more energy with each step, and a 20-foot container is likely to make a solid mark.
Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.
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