Bitmain May Fire 50% of Staff

According to Dovey Wan, the mass layoffs at Bitmain will begin next week
24 December 2018   884

Bitmain, the largest manufacturer of mining equipment, is supposed to lay off more than half of its employees due to financial problems caused by the downturn in the cryptocurrency market. This is reported by the crypto-entrepreneur Dovey Wan, citing a post in the Chinese media platform, which is the local equivalent of LinkedIn.

According to Wan, the mass layoffs at Bitmain will begin next week. It should be noted that currently this company employs 2,000 workers.

According to Israeli media, the Chinese mining giant closes the research center BitmainTech Israel, based in the city of Ra'anana.

Bitmain losses in the third quarter were estimated at $ 740 million.

New Antminer S9SE to be Sold Out in Few Hours

Price of updated device is is $ 351, hashrate - 16 TH\s and power efficiencey is 80 J\TH
19 June 2019   81

The Chinese manufacturer of mining equipment Bitmain introduced a budget device for Bitcoin mining Antminer S9SE. New ASIC miners were sold out in few hours.

Antminer S9SE is more efficient than previous models of this line. It's hashrate is 16 TH/s and power efficiency is 80 J/TH. For example, for S9k, the hash rate is 13.5TH/s, for S9j - 14.5TH/s.

The company's website indicates that the price of the updated S9 is $ 351. The first batch was presented yesterday, June 18, but in a matter of hours sold out. The next delivery of devices is scheduled for July 21-31.

In early April, Bitmain introduced the high-performance Antminer 17 Series based on 7-nm chips.