2019 Global Digital Mining Summit: Wu Jihan announces Bitmain’s latest initiatives

"We are currently in a short-term correction period of the currency price. It is very important to have a long-term perspective. I am negative about the halving that will push up the currency price, but I am positive about the long-term price trend of Bitcoin." On October 9, Bitmain co-founder Jihan Wu spoke at the 2019 Global Digital Mining Summit, believing that the potential of cryptocurrency is promising.

At the summit, Wu Jihan announced the official release of two new mining machines, S17+ and T17+. The computing power of Antminer S17+ has reached a new peak, reaching 73TH/S. It is worth noting that Wu Jihan also revealed a series of new initiatives in Bitmain's recent technology and services at the conference, which attracted much attention from the industry.

Wu Jihan: Bitmain has brought huge changes to the mining machine industry

The magnificent ten-year history of digital mining is also the evolutionary history of the rapid upgrading of mining equipment. Bitmain can be said to be one of the most active promoters of this process. At this summit, Wu Jihan led the participants to review the development history of the entire mining machine industry and said, "Bitmain will continue to improve the design of mining machines, and Moore's Law will never end." As a continuation of this mission, Bitmain once again lived up to expectations and took the opportunity of the conference to release two new upgraded Antminer products S17+ and T17+. Wu Jihan announced at the conference that the two new mining machines will be officially released on October 11 and shipped from December 1 to 10, aiming to provide miners with mining solutions with higher computing power and better performance.

As one of the top ten fabless chip design companies in the world, Bitmain has accumulated more than five years of deep experience in chip design, and its technical strength ranks among the best in the industry. In 2018, Bitmain's first-generation 7nm Antminer S15 went on sale worldwide, ushering in the era of 7nm low-power mining. In 2019, the S17 model equipped with the second-generation 7nm chip will further promote the development of the encrypted digital currency mining industry with its industry-leading global optimization solution. Technology upgrades are still continuing. Wu Jihan revealed, "Bitmain will continue to optimize chip technology, and we will have a new generation of 7nm chips on the market in the near future."

In addition to promoting the update and upgrade of mining machines, Bitmain is also constantly refreshing industry standards in terms of after-sales service. Wu Jihan said in his speech, "Bitmain has set up repair centers around the world, and it is estimated that by the end of this year, the turnaround time for mining machine repairs will be reduced to 3 days." This move will effectively reduce the time cost of mining machine repairs and minimize the negative impact of mining machine failures. In addition, Bitmain has also opened the Ant Training Academy to cultivate mining machine maintenance talents through systematic and professional maintenance technology training courses. Wu Jihan introduced at the conference that the official completion certificate issued by the Ant Training Academy can provide students with professional skills certification. It is understood that the first course of the Ant Training Academy has been completed. The academy has issued the industry's first batch of mining machine maintenance engineer certificates to students who have passed the assessment, establishing an authoritative certification standard for global miner maintenance qualifications.

It is by continuously optimizing chip technology, improving after-sales system, and expanding the depth and breadth of customer service that Bitmain has brought about a huge change in the mining machine industry. At the conference, Wu Jihan also revealed that Bitmain will launch the "World Digital Mining Map" service in the near future to promote cooperation among customers in various vertical fields such as financial financing or risk assessment, data center business, and host services in the industry, so as to promote mutual benefit and win-win results for all parties and bring more business growth.

Host the Global Digital Mining Summit to create a top industry exchange platform

As the application boundaries of blockchain and cryptocurrency continue to expand, the demand for mining asset appreciation has become stronger. After successfully hosting the Global Digital Mining Summit for two consecutive years, Bitmain has created a communication platform for the entire industry to explore innovative mining solutions. At the second summit, which ended in Frankfurt, Germany on October 10, more than 1,000 guests from the digital mining, blockchain, digital finance, and traditional investment industries gathered. More than 30 top industry experts brought two days of practical sharing. Dozens of global exhibitors were crowded in front of the booths. Participants from all parties were able to take this opportunity to exchange business opportunities at close range and reach in-depth cooperation face to face.

As an annual event that brings together global mining leaders, the Global Digital Mining Summit has become a weather vane for practitioners to gain insight into cutting-edge trends. It is reported that the online live broadcast of the summit was viewed by more than 13,800 people from October 9 to 10 alone, and the audience spread all over the world. The strong influence and appeal of the conference are inseparable from the organizer Bitmain's many years of industry accumulation and comprehensive layout in all aspects of the industry.

The digital economy represented by cryptocurrency is taking root at an unprecedented speed. As a powerful pole in the industry growth chain, digital mining will also usher in a golden period of investment and innovation. Facing the development opportunities that have already arrived and the challenges that may exist, we look forward to Bitmain working with more practitioners to jointly build an open and win-win ecosystem, deeply deploy industrial application scenarios, and set off the next wave of mining innovation in the digital era.