{"id":259880,"date":"2020-05-08T18:15:53","date_gmt":"2020-05-08T22:15:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=259880"},"modified":"2023-06-21T10:10:39","modified_gmt":"2023-06-21T10:10:39","slug":"riot-blockchain-purchases-1040-more-bitmain-miners","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/riot-blockchain-purchases-1040-more-bitmain-miners","title":{"rendered":"Riot Blockchain Purchases 1,040 More Bitmain Miners"},"content":{"rendered":"

Riot Blockchain, a platform “focused on building, supporting and operating\u00a0Blockchain technologies,” has purchased 1,040 Bitmain S19 Antmiers for $1.9 million. This is on top of the group’s 1,000 purchased on April 30 of this year, according to a press release from the group<\/a>.<\/p>\n

Once these are all ready and deployed out, Riot claims it will be able to increase its hashrate over 80% to around 457 petahashes per second. This should take up around 16.5 megawatts of energy.<\/p>\n

Ideally, the goal here is to be more energy-efficient than Bitcoin’s previous ASIC miners<\/a>. “The May 6th<\/sup> purchase of 1,040 Bitmain S19 Antminers boast a hash rate of 95 TH\/s and an energy efficiency of 34.5\u00b1% 5 joules per terahash (J\/TH),” the release notes.<\/p>\n

As InsideBitcoins has previously reported on<\/a>, Riot Blockchain was also in the news for partnering with Coinmint to “positively impact its power costs.” Riot, which is a Nasdaq listed mining company in the United States, will be bringing some of these miners over to a facility provided by Coinmint. It’s because of this that the group will save both money and power.<\/p>\n

Riot has also been keeping an eye on the coronavirus situation, and plans to continue doing so:<\/p>\n

“As published in its previous disclosures, Riot is continuing to closely monitor COVID-19 and its potential impact on the Company’s workforce, operations, finance and liquidity. To date, the impact has remained minimal.”<\/p>\n

Read more:\u00a0<\/strong><\/p>\n