Manufacturer of mining equipment Bitmain plans introduce Antminer setups for privacy-focused Aleo blockchain based on zero-knowledge proofs.
The company announced its intention to “help prosper” the network ecosystem, but did not disclose the timing of the release of miners.
The Aleo blockchain is currently operating in testnet mode. In February 2022, the project raised $200 million in a Series B funding round.
In September, the company introduced the previously announced new generation Bitcoin miner Antminer S21. The device provides an energy efficiency of 17.5 J/TH – the best on the market.
At the beginning of October, the Australian Iris Energy announced the purchase of 7,000 units of Antminer S21 from Bitmain for $19.6 million – $14 per TH/s. The manufacturer provided the company with an annual deferred payment of $2.9 million.
In the same month, the American cryptocurrency mining company CleanSpark announced plans to acquire new mining devices from Bitmain with a total hashrate of 4.4 EH/s. Equipment deliveries will begin in January 2024.
Analyst Jaran Mellerud called it “crazy” that miners are in no hurry to take advantage of the opportunity to pre-order rigs at such a favorable price of $14 per TH/s.
Bitcoin miners must be crazy to not take advantage of the S21 pre-order for $14/T — High ROI due to low price and protected downside due to superior efficiency.
So far, @CleanSpark_Inc is the only public miner who has announced the execution of this deal. pic.twitter.com/NQDvANuGlg
— Jaran Mellerud 🟧⛏️ (@JMellerud) October 22, 2023
Some commentators suggested that industry participants want to ensure the reliability of the equipment, keeping in mind the problems of the S17 series.
According to Hashrate Indexmarket quotes for Bitcoin miners with energy consumption below 25 J/TH are at $13.14 per TH/s.
In October, the media reported on Bitmain’s financial problems – the company was late in paying September salaries. The company fired three employees for leaking this information.
Source: Cryptocurrency
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