U.S.-based mining agency, Riot Blockchain, has greater than doubled the variety of next-generation Bitcoin (BTC) miners it has bought, shopping for 1,040 Antminer S19s from Bitmain on Could 6.
The extra miners value the agency $1.9 million, following Riot’s buy of 1,000 S19s Professionals, revealed on April 30.
Riot predicts 80% improve in hash fee after deploying S19s
Anticipating that the models may have been shipped and deployed through the third quarter of this 12 months, Riot expects the approaching 2,040 S19s will improve its operational hashrate by 80% by 2021.
In whole, the Riot predicts that it’s going to command an working hashrate of 457 petahashes per second whereas using roughly 16.5 megawatts of electrical energy after deployment.
A spokesperson representing Bitmain in North American acknowledged that the agency “has been working with Riot Blockchain for a number of years,” with Riot “utilizing [Bitmain’s] Antminer merchandise for working their information facilities.”
S17 failures forged a darkish cloud over S19 launch
Riot’s near-multi-million greenback buy from Bitmain got here on the identical day that the ASIC producer acknowledged having issues with a lately shipped batch of S17s — with miners reporting failure charges as excessive as 30% among the many models.
The corporate informed Cointelegraph that it’s at the moment in negotiating options with prospects who’ve bought faulty models, encouraging affected customers to contact it immediately.
Riot partially relocated on account of pandemic
After reporting that the COVID-19 outbreak had impacted the enterprise actions at its facility in Oklahoma, Riot Blockchain relocated a portion of its lately bought S17 miners to a facility operated by mining agency, Coinmint, in New York throughout April.
Final week, a New Jersey choose granted seven motions of dismissal ending a two-year lawsuit in opposition to Riot Blockchain alleging that the agency misled its shareholders initially of 2018.
