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HomeCryptoCurrencyMarathon buys 30,000 Bitcoin miners from manufacturer Bitmain

Marathon buys 30,000 Bitcoin miners from manufacturer Bitmain

The American company dedicated to the mining of Bitcoin (BTC), Marathon Digital Holdings, made the purchase of 30,000 miners Antminer S19j Pro from the Chinese manufacturer Bitmain.

The investment of Marathon was of USD 120 million and they expect the teams to arrive in the United States between January and June 2022 , they indicated in a statement.

According to data provided by the company, with the incorporation of the new machines, they will have operating more than 133,000 specialized ASIC equipment, which would bring their hash rate to 13.3 EH / s. With the new order, Marathon’s operations would increase by 30%.

Likewise, the company ensures that if all mining equipment is active at this time, including those that have just been purchased, its hash rate of would represent approximately 12% of the total of the Bitcoin network.

Marathon had already tripled its bitcoin mining in the first months of 2021. The company reported that, as of May 1 of this year, its fleet of miners had mined 354 BTC.

In fact, the company launched its own mining pool at the end of March and is currently in the position 11 with 2.0% of the hash rate. The first place is AntPool with 19.87 EH / s, followed by ViaBTC with 15.03 EH / s and, in third place, Binance Pool with 12.36 EH / s.

MARA Pool from the Marathon company, is currently ranked 11th on the list of Bitcoin mining pools.

Fred Thiel, CEO of Marathon, detailed that increasing the percentage of the total network hash rate increases your chances of earning more bitcoins , and, given the favorable conditions in the current mining environment, they believe it is an opportune time to add new miners to their operations.

Marathon’s purchase of Bitmain miners indicates that the arrest temporary sales announced at the end of last June, as reported by CriptoNoticias, is now a thing of the past and they reactivated their commercial activity .

The decision to stop the sale of equipment, at that time, was due to the repression of China vs. Bitcoin.

The company sa Marathon plays big in favor of Bitcoin. Last May, CriptoNoticias reported that will build a new farm in Texas that would begin to be built in October 2021 and would begin operations in March of next year.

As reported by the company, the facility that will be located in the southern United States, will house 73,000 computers ASIC will consume about 300 megawatts / hour, while energy consumption would be USD 0.0453 per kilowatt / hour.

Marathon’s goal is to achieve zero polluting emissions with its operations, although it is unknown how they will achieve the target.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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