In anticipation of the summer decline in the cost of electricity is the largest manufacturer of mining equipment, Bitmain is going to increase production capacity in the South-Eastern provinces of China. It is reported by CoinDesk, citing sources familiar with the situation.
Bitmain plans to place 200 thousand mining devices in the regions with excess hydropower, where in summer there is a seasonal reduction in tariffs. For this Chinese giant is negotiating with mining farms from the provinces of Yunnan and Sichuan, to place their own equipment.
For mining cryptocurrency will be involved in new models of miners — AntMiner S11 and S15. A small part of production capacity will generate an older device AntMiner S9i/j. It is unknown at exactly what cryptocurrencies based on SHA-256 will be directed the power of these devices.
According to local operators mining farms in the summer the cost of a kilowatt of electricity in the South-Eastern provinces is $0.037. Thus, the daily profit devices S9j, S11 and S15 should be $1.29, $2.24 and $3.38, respectively. Even if all 200 thousand miners will be old and not the most effective model S9j, the total profit per month will be around $7.7 million
Based on the prices of mining devices on the Bitmain website, the total cost of the planned placement of the equipment will be $80-100 million.
Recall Bitmain recently introduced the Antminer device Z11 for zcash for mining and other cryptocurrencies on the basis of the algorithm Equihash.