Bitmain announces a global release date of its AntMiner S17 Series

China’s second largest fabless chipmaker Bitmain has announced the selling date of its “next-gen” Antminer S17 Series. Bitmain revealed the launch date in its official blog post on March 29.

According to the blog post, the S17 set of miners, which is scheduled for an April 9th launch, will include Antminer S17 Pro, Antminer S17 and Antminer T17. The new set of Antminers will enhance energy efficiency while mining cryptocurrencies like Bitcoin (BTC) and Bitcoin Cash (BCH).

The latest miners will be fitted with Bitmain’s recently released 7nm ASIC mining chip called “BM 1397” for mining cryptocurrencies that use the SHA256 algorithm for their proof of work (PoW).

Bitmain’s Product Manager for the Antminer Series, Yangxin, was quoted in the blog saying – “The new miner offers a steep improvement in the hashrate in terms of space and power consumption.”  According to Bitmain’s announcement, the latest Antminer Series will offer a 28.6 percent of “improvement in power efficiency, in comparison with its previous 7nm chip,” BM 1391.

THE LATEST ANTMINER SERIES WILL OFFER A 28.6 PERCENT OF IMPROVEMENT IN POWER EFFICIENCY, IN COMPARISON WITH ITS PREVIOUS 7NM CHIP, BM 1391.

According to Yangxin, besides improving the energy efficiency, another exciting feature of the S17 Series would be of having, “higher hashrate in a single miner,”  thereby increasing the “hashrate density per unit space,” which reduces the cost for mining farms.

Yangxin, in the blog post, talked about the upcoming developments of higher hashrate miners beyond the 7nm chips. He added  –

“From a technical point of view, 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.”

Yangxin also noted that with the size decreasing into nanometers, quantum effects are some challenges that they need to surpass. Meanwhile, Yangxin added that the Taiwan Semiconductor Manufacturing Company (TSMC) is also developing the 5nm chips.

Bitmain has been struggling lately, as the crypto mining firm’s application to raise up to $3 billion in an IPO (Initial Public Offering) expired on 26 March. The reason, being, lack of hearing from the Hong Kong Stock Exchange (HKEx).

In December 2018, Bitmain had to close down its Israel Development Center citing a decline in the market of cryptocurrencies. The shut down left 24 employees in losing their jobs, which also included Bitmain’s VP of International Sales and Marketing, Gadi Glikberg.