menuIcon
$ 82,557.6
BTC
$ 82,557.6
0.08 %
$ 1,805.15
ETH
$ 1,805.15
0.59 %
$ 0.6462
ADA
$ 0.6462
1.01 %
$ 590.18
BNB
$ 590.18
-0.06 %
$ 116.19
SOL
$ 116.19
-1.02 %
Vandana Malik
Apr 27, 2020
by Vandana Malik

Samson Mow Reports High Rate of Mining Equipment Failure

Samson Mow
Many crypto miners have been facing some serious and huge mining equipment failures for quite some time. Many of this equipment is from some huge and reputable mining equipment manufacturers. Bitmain, which is the huge bitcoin mining equipment manufacturer has also seen the failure of its Antminer S17 and T17. According to several reports, it has been revealed that earlier these Antminers were facing a very rare problem of equipment failure which was at the rate of 5%. This rate has now been increased to 20-30%, which is quite high. Samson Mow, Chief Strategy Officer (CSO) of Blockstream has reported what kind of people are facing Bitmain's Antminers.

Samson Mow points out Bitmain’s CEO blame on other co-founders

Samson Mow reported that people are facing some huge problems with the mining equipment failures. He also reported that Bitmain’s CEO, Jihan Wu, has blamed the other co-founder, Micree Zhan of the firm for this failure of Antminer. However, Zhan was already ousted from the firm back in October 2019 by the CEO. According to him, this action was taken for the betterment of the firm.

This is quite a crucial time for the whole mining industry as Bitcoin halving is approaching very soon in the next month. This is a competitive time for the whole mining equipment manufacturers. However, the whole supply chain has been distributed across the world due to restrictions concerning coronavirus pandemic. This is causing huge difficulties in the distribution of this equipment to the miners.

Bitmain sold out S19 Antminer Pro

The previous month, it came out that Bitmain had already sold out its updated S19 Antminer Pro. This Antminer consists of a hashrate of 110 TH/s. After this, the company has also announced that machines cannot be shipped before 11th May. This move by the firm is considered to be a clever one as now the firm will be able to mine with its latest ASICs by simply eliminating all the competition.

The firm has also announced that all the purchases which have been made in between February and April will receive certain vouchers as well. However, these vouchers can only be claimed while buying other equipment from Bitmain.

Articles You May Read.

    Follow us on: News
    Samson Mow Reports High Rate of Mining Equipment Failure
    Vandana Malik
    Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.