Bitmain Announces Two New ASIC Antminer 17 Rigs

Michael LaVere
  • Bitmain announced the launch of two new ASIC bitcoin mining rigs.
  • S17+ and T17+ will have higher hash rates and improved power efficiency.

Crypto mining rig producer Bitmain has announced two new Application Specific Integrated Circut (ASIC) bitcoin mining machines as a part of the Antminer 17 series. 

According to blog post published Oct. 9, Bitmain co-founder Jihan Wu announced the production of the new rigs at the Wolrd Digital Mining Summit held in Frankfurt, Germany. 

The new models, called S17+ and T17+, will reportedly improve upon the Antminer 17 series in terms of power efficiency and hash rate. The Antminer S17+ will have a hash rate of 73 TH/s and operate with a power efficiency of 40 J/TH while the T17+ will produce a hash rate of 64 TH/s and power efficiency of 50 J/TH.

Wu told audience members that Bitmain is committed to being on the cutting edge of crypto mining rig production, 

Our new Antminers are at the forefront of mining innovation. They each represent the future of its rig design and power efficiency. We remain committed to our research and development capabilities and will continue to improve our devices.

The new rigs will use a dual tube heat-dissipating technology that reduces the space between air inlet and outlet by 50 percent, cutting down on fan noise and wasted electricity. Both models are set to go on sale Oct. 11 with shipments expected to occur in early December. 

Featured Image Credit: Photo via Pixabay.com

Tim Draper Reveals He Owns Cryptocurrencies Other Than Bitcoin

Michael LaVere
  • American venture capitalist Tim Draper revealed owning more crypto-assets than just bitcoin.
  • Draper expects the value of bitcoin to increase as a result of the Federal Reserve's money-printing tactics. 

American venture capitalist and bitcoin bull Tim Draper claims to own “a lot of other cryptocurrencies” in addition to BTC. 

Speaking in a recent interview with British entrepreneur Rob Moore, Draper claimed that his diversified portfolio in crypto-assets had led to him being “surprisingly up” despite the economic impact of the coronavirus. 

He said, 

You know, when I played Monopoly, I never showed anybody how much money I had so so that you're not gonna get an up or down.

Draper also criticized the U.S. Federal Reserve’s money-printing response to the COVID-19 pandemic, which he said would lead to the dollar crashing in value. He claimed the impact of the falling dollar would drive more value into bitcoin. 

He said, 

There are only 21 million of them and they are going to be more and more valuable as you see governments have less and less.

Draper continued, saying his experience working as a venture capitalist and interviewing entrepreneurs has given him a “pretty good view” of what the future is going to look like. He expects governments to move towards decentralization in a competition for their own citizens. 

Featured Image Credit: Photo via Pixabay.com