Bitmain is interested in the AI

Largest manufacturer of mining hardware is interested in the field of artificial intelligence
26 October 2017   713

The Chinese company Bitmain Technologies has announced the creation of the first products to accelerate artificial intelligence applications (AI), reports Forex Magnates.

The company based in Beijing is primarily known as one of the leading manufacturers of cryptocurrency minning hardware, but intends to diversify the business. The AI initiative is implemented in the Bitmaintech Israel engineering and technology center.

We are very proud to be part of the effort to develop software for an artificial intelligence product called Sophon. Our AI researchers focused on creating a computer version and NLP-solutions optimized for the Sophon platform.

Gadi Glikberg
Head, Bitmaintech Israel

According to him, the usecases of new products can be the most diverse and include the recognition of speech and images, the technology of autonomous vehicles, the improvement of surveillance systems, robotics, Internet of things (IoT) and much more.

Bitmain saw in the AI-business trends similar to those that were characteristic for the initial stage of the existence of bitcoin, and towards the end of 2015 we decided to start research in the field of artificial intelligence. Now, only a year and a half later, we are already massively releasing chips.

Mikri Zhang

CEO of Bitmain.

According to the developers, the new products, called BM1680 and SC1, are fully compatible with popular AI-platforms, including Caffe, Darknet, Googlenet, VGG, Resnet, Yolo, Yoto2 and other models. 

Antminer X3 Announced

Will new product of Bitmain be profitable? Let's try to figure out
15 March 2018   667

Bitmain, one of the largest mining equipment manufacturer, released another product - Antminer X3.

Antminer X3
Antminer X3

Antminer X3 Specs

Let's check the specs:

  • Mining algorithm - CryptoNight.
  • Hashrate - 220 KH / s.
  • Weight - 7 kilos.
  • Price - 11,999 dollars for the first batch (May 15-31) / $ 7,599 for the second batch (June 15-31).
  • Power consumption - 550 Watts.
  • Limitation - no more than one miner to each buyer.

Bitmain says that the described characteristics are preliminary. In real life, higher performance expected. Details on the dimensions and other small things isn't available yet. 

Antminer X3 Profitability

Now, the most interesting part - profitability. Let's use the Whattomine. 

Antminer X3 Profitability
Antminer X3 Profitaiblity

Almost 200$ dollars a day, great! But in real world, everything can vary.