The Telegram group, began by Arseniy Grusha on Might 1, co-founder of United States-based cryptocurrency consulting and mining agency Wattum, accom
The Telegram group, began by Arseniy Grusha on Might 1, co-founder of United States-based cryptocurrency consulting and mining agency Wattum, accommodates a number of complaints about Bitmain merchandise, primarily the Antminer S17+. “I’ve by no means seen such faulty manufacturing earlier than,” Grusha wrote on his LinkedIn web page on Might 4. “In case you’ve gotten an analogous downside, I’ve created a telegram group the place you’ll be able to share your expertise with the most recent deliveries of those miners.”
30% failure price reported
In an interview with Cointelegraph, the mining entrepreneur defined that his firm obtained 420 Antminer S17+ gadgets in March after a month-long delay attributable to the COVID-19 pandemic. Based on him, round 30% of the machines began glitching after just one month of use. Usually, faulty miners account for simply 5-7% of the entire order, Grusha famous.
Among the many items, 32 stopped working because of ‘ERROR_SOC_INIT’ error, whereas 99 now solely work utilizing only one or two hashboards out of three, with 80% of the latter group ostensibly having this downside straight out of the field, in accordance with Grusha.
“A part of the miners simply stopped working,” he mentioned, clarifying that the entire bought miners have been utilizing the most recent official software program from Bitmain. “The opposite half have dangerous hashboards and their energy is decrease by 30 and 60%.”
The Wattum exec has already contacted Bitmain, who apparently appointed him a specialist and new firmware. “Could have leads to couple days,” Grusha instructed Cointelegraph, including:
“However we nonetheless have 32% of dangerous items. They need to be despatched to China, and consequently, we misplaced cash on mining earlier than [the] halving and can [have to] wait two months for restore, which after all does no good for us.”
When requested whether or not he was contemplating going to court docket, Grusha replied:
“I despatched a request for compensation, and requested to ship new miners as a substitute of the dangerous miners. Let’s have a look at what they reply first.”
Others within the group, which boasts nearly 140 members after being created on Might 1, reported considerably comparable failure charges. Mike Hamilton, chief expertise officer at New York-based vitality startup Griid, shared his expertise after receiving a big batch of Antminer S17 50T items:
“We have about 700/1800 machines with at the least 1 hashboard down after three months. About 300/1800 with at the least 2 hashboards down, and doubtless 150/1800 with all three hashboards and/or PSU failures.”
Matt D’Souza, CEO at Blockware Mining, recalled having a 19% faulty price after deploying a thousand Antminer S17+ items in a internet hosting facility based mostly on freight containers. He obtained a a lot decrease faulty price of two% after launching one other 1250 of the identical mannequin miners at a unique facility.
Earlier complaints
Earlier in April, Samson Mow, Chief Technique Officer of blockchain infrastructure agency Blockstream tweeted that Bitmain prospects have a 20-30% failure price with Antminer S17/T17 items. Mow additionally speculated that Bitmain CEO Jihan Wu blames ousted co-founder Jihan Wu for the issues and “is begging prospects to present the S19 an opportunity.”
As beforehand reported by Cointelegraph, Antminer S19 had been designed to provide elevated mining output after the Bitcoin halving, which is able to make it harder to mine new cash. Bitmain bought out its first spherical of home Antminer S19 gross sales inside 24 hours, whereas the items wouldn’t be shipped till Might 11 on the earliest, which is roughly the identical day the halving happens.
Cointelegraph has reached out to Bitmain for a remark, however has but to listen to again from the corporate. This story can be up to date ought to we obtain a response.