Bitmain’s New Antminer 17 Series Bitcoin Miners Go on Sale

News and Analysis

Bitmain Technologies, the world’s largest Bitcoin miner manufacturer, has officially launched sales for its new Antminer 17 series machines on Tuesday, April 9.

According to the revealed specifications, the new mining equipment in the 17 series includes the Antminer S17, Antminer S17 Pro and Antminer T17. According to Bitmain, these are the three most advanced BTC and BCH miners under the SHA-256 algorithm.

The Antminer S17 comes in two variants, a 56 TH/s and a 53 TH/s model, with two mining modes. Both models operate at 45 joules per tera hash (J/TH) under the normal mode, while the low-power mode operates at 42 J/TH.

The Antminer S17 Pro also comes in two variants, a 53 TH/s and a 50 TH/s model, with three mining modes which “allows for greater customization as customers can switch between different settings to accommodate various mining requirements,” according to Bitmain’s blog. Both models have a power efficiency of 45 J/TH under turbo mode, while the normal modes operate at 39.5 J/TH and the low-power operates at 36 J/TH.

The Antminer T17 is set for a later selling date.

According to the Bejing-based company’s website, both Antminer S17 Pro 53 TH/s and Antminer S17 56 TH/s has been sold out pretty fast at the price of $2366.00 and $2159.00 respectively. Two other devices – Antminer S17 Pro 50 TH/s and Antminer S17 53 TH/s – at the time of writing were still available for $2232.00 and $2043.00 respectively.

Last September, Bitmain launched its first 7nm mining chips with a power efficiency of 42 J/TH. Soon after, the firm launched its S15/T15 miners equipped with the 7nm chips in November 2018, they are the predecessors of BM1397 chips and Antminer 17 series miners.

The Chinese company claimed that the 2nd generation of the 7nm BM1397 mining chips used in 17 series miners will save 28.6 percent of energy consumption compared to the previous one, the S17 and S17 Pro may save 26 to 36 percent of energy consumption compared to the previous S15 series.

Bitmain also indicated that the BM1397 chips have improved in circuit structure with low power dissipation that makes S17 miners much more effective. In addition, the S17 Pro adopts a brand-new cooling solution. It inherits S15 double fan design but the wind-path is shorted by half, the temperature difference between the inlet and outlet of the miner becomes smaller, and the performance has been improved.

As reported by ForkLog, in the end of March Bitmain postponed its stock market listing after failing to gain approval from the Hong Kong stock exchange (HKex). Soon after, Chinese media reported that the company was planning to release its new S17 and T17 Bitcoin by the end of this year. It was also said that Bitmain was betting that its next flagship product would turn out to be a winner in the mining gear market, capturing an expected price rally that could happen due to the Bitcoin halving in May 2020.

It was the same strategy Bitmain pulled off in 2016, the SCMP’s source said, when the company launched its Antminer S9 model on the eve of Bitcoin’s last halving. The following year, the S9 accounted for an estimated 60 per cent of shipments among all Bitcoin mining hardware.

The company’s next flagship product. as it turned out, has come much earlier.

Follow ForkLog on Twitter and Facebook!

Found a typo? Highlight text and press CTRL+ENTER

Subscribe to our Newsletter


Related posts

Tags: ,