Producing plant at Parker Dam alongside Colorado River, California, Arizona border. (Photograph by: Citizen … [+]
Training Photos/Common Photos Group through Getty Photos
Riot Blockchain, a listed Nasdaq cryptocurrency mining firm, introduced on April 30th the acquisition of 1,000 next-generation Bitmain S19 (110 TH) Professional Antminers for $2.four million from Bitmain, a semiconductor supplier. The Firm mentioned that the acquisition was funded from Riot’s out there money available.
The acquisition helps to extend mining effectivity and drive down energy consumption. The Firm mentioned, “The most recent era of bitcoin (“BTC”) Utility-Particular Built-in Circuit (“ASIC”) miners from Bitmain are markedly extra power environment friendly than prior Bitmain fashions and different ASIC miners at the moment out there. The Bitmain Antminer S19 Professional boasts a hash charge of 110 TH/s and an power effectivity of 29.5±% 5 joules per terahash (J/TH). As soon as the brand new S19s are obtained and totally deployed, Riot estimates its mixture working hash charge will enhance by 46% to roughly 358 petahash per second (“PH/s”). Riot anticipates receiving the S19s by early July.”
A Bitmain Ant Miners S5 on show on the opening of Genesis Block on the OTC buying and selling heart in Wan … [+]
South China Morning Publish through Getty Photos
Bitcoin is just not free and mining the foreign money makes use of an growing quantity {of electrical} energy to resolve a mathematical puzzle. As soon as solved, a brand new puzzle is generated with ever-increasing complexity. The tougher the issue, the extra energy miners use to resolve it. Some environmental consultants have mentioned that the hungry power course of is wasteful.
The Firm relies in Colorado however has positioned a part of its Bitcoin mining operation in upstate New York.
Riot blockchain in previous statements in March and early April mentioned the Firm was monitoring COVID-19’s influence on manufacturing and acknowledged that influence was minimal.
