Bitmain to Launch Antminer S17 Series on April 9th

Chinese crypto mining behemoth and ASIC hardware maker Bitmain announced it will launch its new energy-efficient Antminer S17 series miners on April 9th. This news comes via a post on Bitmain’s blog earlier today.

The new miners will be fitted with the company’s 7 nanometer ASIC mining chip, called the “BM1397,” which is made to mine cryptos that use the SHA256 algorithm for their proof-of-work (PoW) consensus mechanism, including Bitcoin (BTC) and one of its forks, Bitcoin Cash (BCH).

There will be three different Antminer S17 miners released on the 9th: Antminer S17 Pro, Antminer S17, and Antminer T17.

Bitmain’s product manager for the new Antminer series, Yanxhin, said is quoted in the blog post as claiming the new miners demonstrate “a steep improvement in hashrate in terms of space and power consumption” and that the BM1397 chips offer “a 28.6% improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391.”

Yanxhin went on to note that there are “two key indicators to look for when measuring the quality of a mining machine: efficiency and hashrate.” In terms of the former, the S17 series has an improved performance and greater energy efficiency. In terms of the latter, Yanxhin claims the new series has “a higher hashrate in a single miner [which] increases the hashrate density per unit space and saves deployment costs for mining farms.”

Yanxhin concluded their comments on the series with a technical analysis on potential future developments that would lead to higher hashrate miners:

“… there is no end to the development of technology. However, in the short run, the driving force behind the development of next-gen miners beyond 7nm chips is slowing down due to physical limitations…. It takes several iterations to create new miners based on the next generation semiconductor process. The solutions to the challenges of nanometer scale mass production require more investment and further research and development. Considering the rapid pace of development in this area in the past few years, the industry would soon have to find what the next generation would be. For the near future, 7nm would remain the most preferred in terms of performance and economics.”

As Cryptos reported last week, Bitmain plans to deploy 200,000 miners in China.