Bitmain’s First Batch of Bitcoin Miners Antminer S17e and T17e Instantly Sells Out

Siamak Masnavi

Two new models of Bitmain's Antminer 17 series of miners-Antminer S17e and Antminer T17e-that were announced on September 6, had their first batch sell out almost instantly. Batches two and three are due to go on sale on September 10 and September 11 respectively.

Chinese semiconductor company Bitmain Technology Holding Company (“Bitmain”), which is best known for its ASIC-based Bitcoin (SHA256) miners, was founded in 2013, and is headquartered in Beijing, People's Republic of China, with R&D centers in Hong Kong, Singapore, and the U.S.

On September 6, Bitmain published a blog post in which it provided the specifications for these two new Bitcoin miners and stated when/how they would be sold on its website.

According to Bitmain's blog post, the Antminer S17e has "a hash rate of 64 TH/s and operates with a power efficiency of 45 J/TH," while the T17e offers "a hash rate of 53 TH/s and a power efficiency of 55 J/TH." 

Both models support the SHA-256 cryptographic hash algorithm, which means that they can be used for mining both Bitcoin (BTC) and Bitcoin Cash (BCH).

Bitmain says that "significant improvements to power efficiency and hash rate have been achieved from Bitmain’s comprehensive strength accumulated over the years in the field and relentless technological innovation."

It also says that these two models have been built for "more stable operations in the long-term to reduce maintenance costs for customers," something made possible "through the dual tube heat dissipation technology which improves how efficiently heat dissipates." Apparently, both models are also "equipped with a more secure software system to prevent malicious attacks."

Furthermore, Bitmain says that if any mining machines that you order are not shipped out to you "after a certain period of the specified delivery date," you will get compensated by "coupons for each day of delay, based on PPS rewards of the mining pool (electricity cost deducted)."

The first batch of Antminer S17e ($2,784) and Antminer T17e ($1,665), which will be delivered 1–10 November 2019, were released for sale at 19:00 (UTC + 08:00) on September 9, and almost instantly were sold out.

Batch two is expected to be delivered 11–20 November 2019; it will go on sale at 19:00 (UTC + 08:00) on September 10. 

Batch three is expected to be delivered 21–30 November 2019; it will go on sale at 19:00 (UTC + 08:00) on September 11.

Featured Image Courtesy of Bitmain Technology Holding Company

Bitcoin Ransomware Attack in Argentina Encrypts a Decade's Worth of Government Files

Francisco Memoria

A bitcoin ransomware attack has recently hit a data center in Argentina that houses local government files, and managed to encrypt a decade’s worth of data that has been started to be decrypted.

According to an interview by the country’s Minister of Science and Technology Alicia Bañuelos with the local news outlet Agencia de Noticias de San Luis, a total of 7,700 GB worth of data were originally encrypted, but so far around 90% of that data has reportedly been recovered.

Bañuelos was quoted as saying:

Bitcoin ransomware attack in Argentina encrypts a decade's worth of government files.

As reported by The Next Web, the attack occurred on November 25 and the exact size of the demanded BTC ransom isn’t known. Reports suggest it was somewhere between 0.5 and 50 BTC, or between $37,000 and $370,000.

Ransomware extortionists appear to be somewhat active over the last few weeks, as they’ve recently managed to hit Spain’s largest radio network Cadena SER, demanding a total of $827,00 worth of bitcoin to decrypt its systems. The attack initially hit a popular IT company called Everis, one of the country’s largest service providers.

Back in July a county in Indiana decided to pay ransomware attackers around $130,000 in BTC to have its systems decrypted, amid a plethora of attackers that forced two cities in Florida – Riviera Beach and Lake City – to pay thousands to the attackers as well.

Featured image via Unsplash.