Bitmain’s New Water Cooled Cryptominer Goes Live For Sale In The Market

Aug 24, 2018 at 07:25 Update Date :Feb 27, 2019 at 07:46 UTC

Bitmain, the crypto-mining equipment behemoth from China behind the industrialization of the mining market, has now released a new mining device that is water-cooled, apparently borrowing the ideas from the very same DIY community that the firm looks to keep suppressed.

Bitmain’s Antminer S9 has already become the weapon of choice in the mining industry, and is the preferred hardware for crypto-mining firms all over the world. The NASDAQ-listed firm Marathon allegedly runs in its premises 1,400 Antminer S9s. Another similar facility run by Global Bit Ventures has a reported 2,300 units of the device.

The new mining rig is essentially just another Antminer S9, but with a water-cooling system integrated into its body. The device can be used to mine any token that uses the SHA-256 hashing algorithm, such as BTC or Bitcoin Cash.

According to Bitmain, the new water-cooled rigs will serve to both save energy consumption expenses and reduce noise as well. Large sized crypto-mining pools will be able to hook up the rigs directly to a nearby external source of water, which will allegedly lower electricity requirements by about 10%.

Whatever the source of inspiration for the new rig might be, it has still been unanimously seen as an improvement on many of the other devices Bitmain has released this year for mining purposes. About 6 months back, the firm had released the Antminer X3 rig that could quite efficiently and profitably mine the XMR token; all was good about the device, except it’s price tag read $12,000.

Responding to the issue, Minero simply changed its hashing algorithm through a hard fork. The CryptoNight algorithm it originally used was what the Antminer X3 was specially built for. Therefore, when Monero decided to suddenly change its algorithm, all of Bitmain’s expensive new mining equipment became rather obsolete.

It would indeed seem that Bitmain is now trying out any new means to keep up it’s appearances. Recent studies have shown that the firm’s dominance over the crypto-mining industry is lowering, with an inability to maintain any tech superiority over its competitors.

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