Bitmain Generated $2.3B Revenue in 2017

Mining equipment manufacturer giant reported on great revenue in 2017
05 February 2018   191

The 2017 sales of Bitmain reached an amazing 14.3 billion yuan ($2.3billion USD) point and it becomes China’s second largest IC design company.Monthly profits of Bitmain in 2017 was up to $30 million USD and they achieved a net profit of more than 1 billion yuan in the first half of 2017. This is reported by 8BTC.

Bitmain had also designed and mass-produced a variety of different ASIC chips with the advanced quantity production technology in full-custom designed 28nm, 16nm, 12nm integrated circuit, the series of BM chip used in cryptocurrency miner could be the most representative one. Bitmian sales hundreds of thousands miners every year, each miner needs hundreds of ASIC chips, for example, an AntMiner S9 needs 189 ASIC chips.

Russians, together with Indians and residents of European countries, are more often than others on the list of customers of mining equipment sellers and usually pay in cash.

One of the most popular Bitmain products is AntMiner S9. On the official website, the miner costs 14,000 yuan ($ 2,300).

Bitmain to Develop Ethereum ASIC Miner

Largest mining equipment manufacter is working on the completely new device
16 February 2018   202

The world's largest producer of mining equipment Bitmain is working on the creation of Antminer F3 - ASIC-miner for the second largest capitalization of crypto currency Ethereum. This is reported by IBTimes referring to local technology publications. This is reported by Ib Times.

As the source notes, Antminer F3 will be equipped with three motherboards in each of which will be installed on six devices for the Ethereum mining. Each board will have 32 DDR3 RAM modules with a capacity of 1 GB. According to a number of sources, the hash of the device will be 200-220 MH / s, but with the specified specifications, this figure can be expected to be higher

It is assumed that the production of new equipment for the production of ETH will begin at the end of this month. In the world market the novelty will appear approximately in II-III quarter of this year. The price of Antminer F3 will be set at $ 2500- $ 3000.