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Samson Mow: Bitmain S17/T17 Antminer Has High Failure Rate

The Blockstream CSO announced that Bitcoin miners are reporting technical issues with the Bitmain rigs resulting in 20-30% failure rates. Cryptocurrency miners relying on the Bitmain S17 and T17 Antminer have said that the rigs have failure rates between 20-30% where they would normally be roughly 5%. According to an April 26 tweet from Samson Mow, Chief Strategy Officer (CSO) of blockchain infrastructure firm Blockstream, Bitcoin (BTC) miners using rigs from the world’s largest manufacturer of cryptocurrency mining equipment have been reporting technical issues. Heat sinks on the Antminer S17 and T17 rigs have been falling off, causing the machines to short out. In addition, users have reported problems with the power supply fans on the S17. Both pieces of equipment are designed to regulate the heat generated by the mining gear. As a result, nearly a third have been shorted out by the reported problems.

As Mow points out, Chief Executive Officer (CEO) Jihan Wu is blaming fellow Bitmain co-founder Micree Zhan for the failures. Wu ousted Zhan from the company in October 2019 “to save this ship [from sinking].” Read More...