Bitmain to Represent New Devices

Antminer S9 Hydro has a water colling system and new R1 miners can act as Wi-Fi hotspot
29 August 2018   1334

The Chinese manufacturer of mining equipment Bitmain officially introduced Antminer S9 Hydro - a new device for mining bitcoin, the main feature of which is the water cooling system.

Antminer S9 Hydro
Antminer S9 Hydro 

According to the company, this is the first such miner in the world. The performance of Antminer S9 Hydro is 18 terahash per second, and the device itself has a much lower noise level and improved power consumption - 1728 watts, which is comparable to home appliances. The Hydro-Hex cooling system can also be used for space heating.

The declared price of the device on the manufacturer's website is $ 780.

Another novelty of the company is the "antrouters" of the R1 series, designed for mining Dash (R1-DASH) and Siacoin (R1-SIA).

Antrouter R1-DASH
Antrouter R1-DASH

In addition to the production of cryptocurrency, new devices worth $ 30 can also act as Wi-Fi routers.

Bear Market to Hit Mining Hard

BitMEX research division presented an analysis of the impact of market decline on the mining industry
11 December 2018   166

The cryptocurrency market has experienced a marked decline over the past weeks. The BitMEX research division presented an analysis of the impact of these events on the mining industry. Bitcoin hash rate has fallen by 31% since the beginning of November, which is equivalent to the capacity of 1.3 million Bitmain S9 devices. From this, BitMEX concludes that miners as a class are in a difficult situation, however, they may have different conditions, and those who pay more for electricity, are forced to turn off their equipment first, while others may still be quite viable.

The decrease in the price of Bitcoin by 45% since the beginning of November has already caused two recalculations of the complexity of mining to the lower side - by 7.4% and 15.1% on November 16 and December 3, respectively. The first recalculation turned out to be the largest since January 2013, the second - since October 2011.

Bitcoin mining revenue fell from $ 13 million per day in early November to $ 6 million per day in early December. The fall in the size of the miner's encouragement turned out to be even more rapid than the fall in the price of cryptocurrency. This is due to the delay in recalculating the complexity of mining. For the six-day period ending December 3, 21.8% fewer blocks were mined than expected, since the miners left the network before recalculating the difficulty. As a result, in addition to reducing the size of the miners' encouragement in dollar terms, due to lower asset prices, they received 21.8% less bitcoin awards.

One of the popular reasons for the recent decline in the cryptocurrency market is that miners sold bitcoins to cover their costs of hash warsin the Bitcoin Cash network. The monitoring platform Boltzmann recorded an unusually large sale of Bitcoin by the miner on November 12, that is, 3 days before the hard fork of Bitcoin Cash.

BitMEX assumes that the actions of miners over the past weeks could have played a significant role in reducing the market, however, recommends not overestimating their value and reminds that in a bearish trend, prices continue to fall regardless of asset movements and news.