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When was the Antminer (Antminer 19-year profit) created?

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When was the Antminer created? When was the Antminer created?On the official we

When was the Antminer (Antminer 19-year profit) created?

When was the Antminer created? When was the Antminer created?

On the official website of Antminer, we introduced on January 8, 2018. At that time, Antminer already had 50,000 units. At the end of June 2018, Antminer released two products, Shenma M20S and Shenma A10s. Sales started in the fourth quarter of 2019, and after the seventh quarter of 2019, Antminer released a product called Antminer L3+ (Ethereum Classic) — based on Bitmain’s latest T3 series Bitcoin mining machine. In September 2017, the price of Bitcoin dropped from over $3,000 to over $3,800. In mid-February 2020, Bitmain announced its focus on the overseas market and the release of the world’s first digital currency ASIC chip mining machine with computing power called Antminer S17+. (Note: Antminer S19 and S17 Pro are developed by Bitmain, but their release dates and production cycles are currently unclear).

Antminer’s Profit in 2019

According to Sina Technology, Antminer’s profit reached over 500 million yuan in 2019. It is reported that the company’s revenue in 2019 was about 278 million yuan. This is mainly due to the decrease in sales and the decline in coin prices, including several bear markets from November to early December last year, which increased Antminer’s net loss. In the first quarter of 2018, the company sold a total of $668 million worth of Bitcoin mining machines. In early 2019, the company’s mining business began to decline. From the end of 2017 to the middle of 2018, Ant Financial’s plan to launch BTC mining machines was not realized. For most of 2019, Antminer remained on the basis of operational costs, but started to decrease continuously from the end of 2017, due to significant decline in mining machine prices and other factors.

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