Digital foreign money mining agency Riot Blockchain has begun deploying round 3,000 new models of S17 Professional Antminers as a part of the tota
Digital foreign money mining agency Riot Blockchain has begun deploying round 3,000 new models of S17 Professional Antminers as a part of the total improve of its Oklahoma Metropolis mining facility.
Per a Jan. 8 press release, Riot now operates almost 3,000 extra S17 Professional Antminers it bought from Chinese language mining large Bitmain. The brand new mining machines are arrange at Riot’s Oklahoma Metropolis mining facility, with the corporate using extra employees to take advantage of the brand new miners and speed up the improve course of.
Full improve
In mid-December of 2019, Riot announced a purchase order of a further 1,000 S17 Professional Antminers from Bitmain, which it anticipated to obtain in January. As such, the total improve of Riot’s Oklahoma Metropolis mining facility to the the brand new S17 Professional era of mining tools could possibly be accomplished in the course of the subsequent 4 weeks.
Riot anticipates that following the deployment of all 4,000 next-generation miners, its combination working hashrate on the Oklahoma Metropolis mining facility will attain roughly 248 petahash per second, representing a 240% improve in {hardware} energy effectivity in comparison with Riot’s mining hashrate. On the similar time, Riot expects that whole deployment of the 4,000 new miners will symbolize round 90% of its Oklahoma Metropolis’s mining facility’s whole present capability.
As Cointelegraph beforehand reported, Riot reportedly paid round $1.35 million for the extra 1,000 S17 Professional Antminers, or roughly $1,350 per rig. The retail worth listed on the Bitmain web-store is $1401 per unit, though this was unlikely to incorporate native gross sales tax.
In April 2019, Riot filed with the Securities and Exchanges Fee to launch a brand new regulated cryptocurrency alternate referred to as RiotX within the U.S. by the top of Q2 2019. The deliberate alternate’s customers can be allowed to create accounts linked to accredited banking establishments within the U.S., and switch and maintain each fiat and cryptocurrencies. As of right now, nevertheless, the event has not been carried out.