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SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility

SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking FlexibilityOn September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling technologies. SAI Tech Unveils Tankbox and Rackbox Bitcoin Mining Infrastructure Products […]

SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility

On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling technologies.

SAI Tech Unveils Tankbox and Rackbox Bitcoin Mining Infrastructure Products

As cryptocurrency mining continues to improve application-specific integrated circuit (ASIC) efficiency and mining infrastructure technologies, SAI Tech (Nasdaq: SAI) has announced the launch of two mining infrastructure modules that leverage liquid cooling schemes.

The first is the Tankbox, which can accommodate roughly 72-144 ASIC mining rigs and produce anywhere between 12 to 20 petahash per second (PH/s) of hashrate. Tankbox will be available to the public by the end of 2022 and the module is “equipped with heat recovery system and can provide ~50°C hot water outflow.”

SAI Tech has also introduced the Rackbox, a module that can accommodate 90 Microbt Whatsminer ASIC mining rigs that feature liquid-cooling technology. According to SAI Tech’s announcement, the Rackbox can house the Microbt Whatsminer series M33S+, M33S++, and M53 models.

The Rackbox allows miners to overclock and underclock ASIC mining machines and can achieve an estimated 24-26 PH/s per container. Without overclocking, the Rackbox can provide roughly 18-20 PH/s, SAI Tech’s summary of the two products notes.

“Rackbox helps mining operators achieve increased profit during the entire bitcoin cycle by reducing the power-off risk in the bear market and gaining excess return in the bull market,” SAI Tech’s announcement details on Wednesday. “Also, Rackbox is capable of recovering waste heat and can provide ~60°C hot water. Rackbox is expected to be launched in the first quarter of 2023.”

SAI Tech’s founder and CEO Arthur Lee explained that the containers further provide a waste heat recovery system. “Tankbox and Rackbox are compatible with all air-cooling and liquid-cooling miners on the market with our unique waste heat recovery capability,” Lee said in a statement during the announcement.

Lee added:

[Launching] these two new products further demonstrates our deep and industry-leading know-how in liquid cooling and waste heat recovery, brings exciting news to the bitcoin mining industry and effectively enables the sustainable future of bitcoin mining infrastructure.

SAI Tech’s new products are prefabricated and resemble a 20ft storage container with integrated components. Items featured include mining rig cabinets, a power control, and a water circulation system. The company notes that the Tankbox and Rackbox modules are ideal for “utilizing idle energy such as flared gas.” Following the announcement on Wednesday, SAI Tech shares jumped 1.14% higher against the U.S. dollar during the last 24 hours.

SAI Tech is not the only mining operation that offers mining container devices. At the end of June, Bitdeer announced the launch of the company’s Antbox or Deerbox plug-and-play mobile mining farm modules. Bitdeer’s product was originally a Bitmain product but the design was allocated to Bitdeer following Bitmain’s restructuring. A single Bitdeer Deerbox module is able to host up to 180 Bitmain Antminer S19 mining rig units.

What do you think about SAI Tech’s new bitcoin mining containers with plate cooling and immersion cooling technologies? Let us know what you think about this subject in the comments section below.

Source: Mining Archives – Bitcoin News

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Mining

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest ReductionBitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s […]

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s largest reduction if it surpasses the 5.01% decline recorded on July 21.

Bitcoin’s Next Difficulty Retarget Is Expected to Decrease, Data Suggests a Notable Drop in the Cards

When the last Bitcoin difficulty change occurred on Nov. 20, 2022, at block height 764,064, it increased by a mere 0.51% that day. The increase did, however, propel the network’s difficulty to its lifetime high of 36.95 trillion. Since then, during the past week, the network’s average hashrate has been around 249.1 exahash per second (EH/s).

The average Bitcoin network block time has been slower than usual as well, running between 10.2 minutes to 11.06 minutes on Monday evening (ET). The block intervals have been a lot higher since the difficulty change on Nov. 20, as prior to that day, block times had been on average less than ten minutes since Sept. 29.

The longer block times suggest the 2,016 blocks mined prior to the next retarget will be slower than the average of two weeks. At the time of writing, statistics indicate that the retarget could drop as low as 10% on Dec. 5, and metrics from Btc.com indicate the drop is estimated to be around 6.13%.

Both estimates would outpace the largest difficulty contraction the Bitcoin network has seen all year with the largest decrease so far recorded on July 21, which was approximately -5.01%. Miners are currently dealing with the highest difficulty ever recorded, and bitcoin (BTC) prices are 76% lower than the all-time high ($69K) recorded on Nov. 10, 2021.

Mining insights from braiins.com and macromicro.me show BTC’s cost of production ($18,360) is above the current spot market value ($16,250). Additionally, market intelligence from Glassnode indicates that bitcoin miners are tapping into their treasuries.

The onchain analytics firm Glassnode tweeted about how the bitcoin mining sector and industry is “under immense financial stress,” while announcing a mining report the firm published with Cryptoslate.

“What we find is that [bitcoin] miners are distributing around 135% of mined coins,” Glassnode said. “This means miners are dipping into their 78K [bitcoin] strong treasuries.” During the latter half of the year, publicly-listed mining operations have disclosed that they have been selling BTC to bolster cash reserves and pay down debt.

At the time of writing at 7:30 p.m. (ET), Foundry USA’s three-day hashrate is around 60.66 EH/s, which represents 25.45% of the global hashrate. In three days, the largest mining pool Foundry mined 98 BTC blocks out of 385 discovered by all the miners.

Foundry’s hashrate is followed by Antpool, F2pool, Binance Pool, and Viabtc respectively. Between all five pools over the last three days, the top five mining pools were able to discover 315 blocks out of the 385 total.

What do you think about the chance that the next difficulty retarget could be the largest decrease in 2022? Let us know what you think about this subject in the comments section below.

Source: Mining Archives – Bitcoin News

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