US Mining Firm Plans to Nearly Double Hash Rate After Halving
US Mining Firm Plans to About Double Hash Rate After Halving
Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations.
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U.S.-based mining house, Anarchism Blockchain, has more than doubled the number of adjacent-generation Bitcoin (BTC) miners it has purchased, buying one,040 Antminer S19s from Bitmain on May 6.
The additional miners toll the firm $one.9 meg, following Riot'south purchase of 1,000 S19s Pros, revealed on April 30.
Riot predicts lxxx% increment in hash rate after deploying S19s
Anticipating that the units will have been shipped and deployed during the third quarter of this year, Riot expects the coming 2,040 S19s will increase its operational hashrate by lxxx% by 2022.
In total, the Riot predicts that it will command an operating hashrate of 457 petahashes per second while utilizing approximately 16.5 megawatts of electricity afterwards deployment.
A spokesperson representing Bitmain in N American stated that the firm "has been working with Anarchism Blockchain for several years," with Riot "using [Bitmain's] Antminer products for operating their data centers."
S17 failures cast a dark cloud over S19 launch
Riot's near-multi-meg dollar purchase from Bitmain came on the aforementioned 24-hour interval that the ASIC manufacturer acknowledged having problems with a recently shipped batch of S17s — with miners reporting failure rates as high as 30% amid the units.
The company told Cointelegraph that it is currently in negotiating solutions with customers who have purchased defective units, encouraging affected users to contact it direct.
Riot partially relocated due to pandemic
Afterwards reporting that the COVID-xix outbreak had impacted the business activities at its facility in Oklahoma, Anarchism Blockchain relocated a portion of its recently purchased S17 miners to a facility operated by mining firm, Coinmint, in New York during Apr.
Last week, a New Jersey guess granted seven motions of dismissal catastrophe a 2-year lawsuit against Riot Blockchain alleging that the firm misled its shareholders at the commencement of 2022.
Source: https://cointelegraph.com/news/us-mining-firm-plans-to-nearly-double-hash-rate-after-halving
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