A Mining Rig That Boasts 440 TH/s? Miners Query the Legitimacy of New Bitcoin Mining System – Mining Bitcoin Information


The cryptocurrency neighborhood has been discussing a newly introduced bitcoin miner referred to as the Numiner NM440 that claims to provide speeds of as much as 440 terahash per second (TH/s). Moreover, a publicly-listed firm referred to as Sphere 3D has detailed that it bought 60,000 Numiner NM440 mining rigs and goals to deploy 32 exahash per second (EH/s) of SHA256 hashpower. Moreover, there’s been some disbelief amongst members of the crypto neighborhood on whether or not or not the hashrate pace claims are authentic.

Numiner NM440 Revealed, Producer Claims System Boasts Speeds As much as 440 TH/s

A variety of crypto supporters have been speaking a few new bitcoin (BTC) miner that claims to course of speeds which can be greater than any mining rig in the marketplace immediately. Moreover, the machine referred to as the Numiner NM440 collection, allegedly processes at greater hashrate speeds than Bitmain’s upcoming fashions. That’s as a result of the Numiner NM440s reportedly produces 440 TH/s, compared to the Bitmain Antminer S19 XP (140 TH/s) and the Antminer S19 Professional+ Hyd. (198 TH/s).

Along with the newly introduced mining rigs, a publicly-listed agency referred to as Sphere 3D (Nasdaq: ANY) has introduced it has bought 60,000 Numiner NM440s. In response to the press launch, Sphere 3D will “obtain 12 pre-production NM440s for ultimate analysis and testing to [be] accomplished on or earlier than June 1, 2022.”

After a ultimate analysis, extra batches will likely be shipped to Sphere 3D with the choice to buy a further 26.4 EH/s of machines. The present deal of 60,000 NM440s value Sphere 3D $1.7 billion, in accordance with the corporate. Sphere 3D’s shares noticed an increase after the announcement, leaping 30% greater.

In response to Numiner’s web site, the agency says the flagship NM440 is “the world’s strongest and environmentally pleasant miner.” Along with the huge 440 TH/s, the specs declare a single NM440 will get an effectivity score of 20.2 joules per terahash (J/TH). The online portal claims the machines give a 75% discount in power consumption and the agency additional insists if “all bitcoin miners deployed the NM440, international bitcoin mining power consumption in 2021 would drop from ~121 terawatt-hours (TWh) of electricity1 to ~30 TWh.”

Luxor Mining Says ‘Reported Specs Are Extremely Doubtful’

Whereas the specs are higher than most machines in the marketplace, persons are questioning if the machines are authentic and people are curious concerning the new firm. Poolin’s Alejandro De La Torre tweeted concerning the new miner and stated: “By no means heard of those guys earlier than.” Luxor Mining tweeted concerning the announcement as properly and on Twitter it requested its followers if individuals thought it was legit.

“Numiner got here out of nowhere and introduced a 444 TH/s miner with an effectivity of 20.2 J/TH,” Luxor Mining stated. “These specs would make it an industry-leading ASIC. What do we predict fam, is that this factor legit?”

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
Screenshot from the Numiner web site.

Luxor Mining continued to be skeptical and additional stated: “Jokes apart concerning the Numiner NM440: After we noticed Gryphon’s preorder yesterday, we had been extremely skeptical however gave the rig the good thing about the doubt as a result of Gryphon’s press launch. That stated, there are too many purple flags for us to treat the NM440 as a authentic product,” the mining operation added. Luxor Mining additional remarked:

The NM440’s reported specs are extremely doubtful, as are NuMiner’s advertising and marketing supplies. Additional, there’s little or no info on NuMiner’s growth and group. As such, we can’t attest to the validity of the product and would warning our followers in opposition to it right now.

The Chinese language journalist often called Wu Blockchain mentioned the Numiner mission as properly on February 3. “Numiner introduced its new bitcoin mining machine NM440, makes use of TSMC chips and cooperates with Foxconn and Xilinx, the best 440T in historical past and 20.2 J/T. Sphere 3D has dedicated to purchase 60,000 NM440 for $1.7 [billion]. (The authenticity of the information is questionable),” Wu Blockchain stated.

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
Screenshot from the Numiner web site.

The web site does say that the Numiner fashions are being produced in coordination with TSMC, Foxconn and Xilinx. Whereas many questioned the legitimacy of the mission, others made jokes concerning the pictured unit’s Mountain Dew colours, aesthetics and options.

In the meantime, the bitcoin miner Gryphon Digital Mining’s particular function acquisition firm (SPAC) deal was reported on by Coindesk in mid-November 2021. The publication additional coated Sphere 3D’s acquisition of 60,000 mining rigs from Numiner on Thursday. Gryphon tweeted on February 3, and stated that the mining operation was “excited on the prospect of working with Numiner as our pending merger accomplice, Sphere 3D.” Curiously, Sphere 3D hasn’t tweeted since February 14, 2019.

Tags on this story

20.2 J/TH, 440 TH/s, 75% discount, Alejandro de la Torre, Bitcoin, Bitcoin (BTC), Bitcoin mining, Bitmain, Bitmain Miners, BTC, BTC Mining, Foxconn, Luxor Mining, mining, Mining System, Mining Machine, Mining Rig, Nasdaq: ANY, Numiner, Numiner NM440, Poolin, Sphere 3D, TSMC, Wu Blockchain, Xilinx

What do you consider the Numiner NM440? Do you suppose the corporate will produce the world’s strongest bitcoin miner? Tell us what you consider this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising immediately.

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