Bitmain's New Miner Is Drawing Criticism from Early Users

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Bitmain's New Miner Is Drawing Criticism from Early Users

Post by FrankNBeans » Sat Jun 02, 2018 8:21 am

Mining hardware giant Bitmain has been criticized over one of its latest mining products, the AntMiner B3, with Chinese users making allegations about its marketing tactics and quality control.

According to a blog post from the AntMiner's official WeChat account, the new product – dedicated to mining BTM, the native token of the Bytom blockchain – was launched on April 25, one day after the Bytom team launched its mainnet.

Priced at 17,000 Chinese yuan (or $2,600) per unit, the first batch of 25,000 B3 miners was notably sold out in seconds after commencement of the sale.

While the AntMiner B3's official specifications tout a computing power of 750 hashes per second, complaints from the first batch of buyers in China soon emerged, alleging that Bitmain had significantly exaggerated the product's power capability in its marketing.

According to a local news source, the dispute arose after an initial test by miners in China said the AntMiner B3 can only produce 500–600 hashes per second, a difference that critically reduces their calculated profits from an 47 BTM per day to as low as single digit production.

As more complaints have emerged in the local community over the past several weeks, miners have moved to form groups on social messaging app WeChat and have shared their findings on the mining device on Chinese Q&A site Zhihu. ... ese-users/

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