Bitmain Co-Founder Jihan Wu announced the launch of two new Antminer 17 miners

On October 9, 2019, Jihan Wu, co-founder of Bitmain, announced the launch of two cryptocurrency mining models – S17 + and T17 + – from the Antminer 17 series at the World Digital Summit ( WDMS) in Frankfurt.

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Jihan Wu, co-founder of Bitmain

In early October this year, there was quite a bit of discussion at the World Digital Mining Summit. One of the very important announcements came from Jihan Wu, co-founder of Bitmain. He announced two new additions to the famous 17 Antminer series.

Both new mining tools will incorporate improvements in energy efficiency and hash rate. Antminer S17 + has a hash rate of 73 TH / s and operates with an energy efficiency of 40 J / TH + 10%. Meanwhile, T17 + offers a hash rate of 64 TH / s and an energy efficiency of 50 J / TH + 10%.

At WDMS, Mr. Wu revealed that “during the mining innovation, our new Antminers are always at the forefront”.

He further stated:

“They represent the future of rig design and energy efficiency. We remain committed to our research and development capabilities and will continue to improve our equipment.”

According to the report, the miners have been designed so that the space between the air inlet and outlet is reduced by 50%. It helps improving heat dissipation efficiency as well as lowering fan noise by using dual pipe heat dissipation technology. Besides, to ensure the stable and safe operation of the miners, an extraordinary protection mechanism of the fans and high temperatures were built.

Industry-leading Exposed Die package solutions are both used by Antminer S17 + and T17 + and optimized all-in-one design. That makes it easy for the models to be implemented and to adapt to mining farms of different sizes.

Miners will be available to order on October 11, according to Wu’s announcement. According to the new information, from 1 to 10 December this year, orders will start arriving within a few days.

Bitmain wants to regain top spot

There have been significant signs of competition in the past three months by Bitmain in the Bitcoin mining industry. Bitmain has lost its position as the leading Bitcoin block producer due to high price volatility, internal disputes with the company’s management structure, and increased competition from other mining groups.

Antpool and BTC.com have lost their place, the Bitcoin block reward ratio on a daily and weekly basis has been reduced. The BTC miners, headed by Bitmain, are still among the top four mining companies but have ceded their leadership to F2Pool and Poolin.

However, the key catalyst that Bitmain needs to regain control over the industry is the release of the S17 mining rigs that combined with recently announced plans for a new mining farm in Texas.

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