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US mining company USA plans to almost double the hash rate after halving it

May 10, 2020

The US-based mining company The USA, Riot Blockchain, have more than With the purchase of 1,040 Antminer S19 from Bitmain on May 6, the number of next-generation Bitcoin (BTC) miners doubled.

Additional miners the company cost USD 1.9 millionafter Riot’s purchase of 1,000 S19 Pros on April 30th.

Riot predicts an 80% increase in the hash rate after using S19

Expected to be delivered and deployed in the third quarter of this year, Riot expects the next 2,040 S19 to increase their hash rate by 80% by 2021.

US mining company USA plans to almost double the hash rate after halving itUS mining company USA plans to almost double the hash rate after halving it

A total of Riot predicts that it will have an operating rate of 457 petahashes per second, while about 16.5 megawatts of electricity will be consumed after use.

A Bitmain spokesman in North America said the company “has been working with Riot Blockchain for several years” and “Riot” uses Antminer products. [de Bitmain] to operate their data centers. “

S17 errors throw a dark cloud over the S19 start

Riot bought nearly several million dollars in Bitmain on the same day, and the ASIC manufacturer admitted to having problems with a batch of recently shipped S17s. Miners reported failure rates of up to 30% units.

The company informed Cointelegraph that it is currently negotiating solutions with customers who have purchased defective equipment and is encouraging affected users to contact the company directly.

The uprising is partially postponed due to a pandemic

After Riot Blockchain reported that the COVID 19 outbreak had affected business at its Oklahoma facility, it moved some of its recently purchased S17 miners to a facility operated by the Coinmint mining company in New York in April.

Last week, a New Jersey judge filed seven requests to dismiss a two-year lawsuit against the Riot Blockchain alleging the company misled its shareholders in early 2018.

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