🐂 UMINERS' data center construction in Ethiopia continues

Despite complications caused by weather conditions, construction at the site is in full swing.

🌍 This project will be a significant milestone in the development of mining infrastructure in Ethiopia.

⛏ The new data center will meet the highest standards of safety and efficiency. Special attention is given to cooling systems and backup power, ensuring uninterrupted operation of equipment even in the most challenging conditions.

✅ The new data center will also become an important hub for technological advancement and job creation in the region.

🐂 UMINERS is heading to TOKEN 2049 in Singapore

Twice a year, the conference brings together leading representatives from the crypto industry to discuss the latest trends and innovations in cryptocurrencies, mining, and blockchain technology.

📍 The event will take place on September 18-19, 2024, in Singapore at MARINA BAY SANDS.

✅ UMINERS will participate in TOKEN 2049 as a Gold Sponsor.

⭕️We look forward to seeing everyone at booths P106 and P107

🖇 Key UMINERS’ managers will be introducing the company at the Event and answering questions and exploring future partnerships!

See you in Singapore!

🐂 Miners Increase Hashrate Despite Decreased Revenues

The latest report from Glassnode shows a steady rise in Bitcoin's hashrate, which has increased by 66 exahashes per second (EH/s) within just one week.

As a result, the network's total power reached a new all-time high (ATH), indicating strong interest in mining and network expansion.

⛏ The rise in hashrate is mainly driven by increased capacity in anticipation of the next bull run, as well as miners transitioning to more energy-efficient and productive equipment.

📈 Notably, this growth in hashrate is happening amid significant pressure on miners due to rising network difficulty and energy costs. However, despite declining revenues, miners have pushed Bitcoin's hashrate to a record all-time high.

✅ Currently, miners are showing remarkable resilience, focusing on long-term investments by holding onto their mined Bitcoins in anticipation of future price increases.

⚡️ Power Efficiency of BTC Network Mining

Currently, the average weighted efficiency of the network is 29 W/TH.

That represented a 12% increase over the past year, and 32% over the last three years.

❓ How is the efficiency calculated?

Each ASIC miner model leaves a distinct "digital footprint" in the Bitcoin blockchain, which allows for the identification of device models. Knowing the efficiency of each device, it enables calculation of the overall efficiency of the entire BTC mining network.

✅ Future Outlook

Based on these trends, we forecast that by mid-2026, the efficiency level could drop to 10 W/TH as chip designs continue to improve and more efficient cooling systems are implemented in the mining equipment.

⛏ Top Energy-Efficient Mining Equipment:

Currently, the leading devices are represented by BITMAIN's Antminer series:

With air cooling:
⏺T21 190T 19 W\T — 2625$ FOB HK
⏺S21 Pro 234T 15 W\T — 4330$ FOB HK
⏺S21 XP 270T 13,5 W\T — 5940$ Preorder FOB HK

With water cooling:
⏺S21 Hydro 335T 16 W\T — 5860$ FOB HK
⏺S21 XP Hydro 473T 12W\T — 10400$ Preorder FOB HK

❗️The price depends on the quantity of devices purchased❗️

This equipment demonstrates strong technological superiority over past generations and ASIC miners from other manufacturers, and these models are expected to defeat other devices based on the latter's inferior profitability.

🖇 You can place an order for advanced mining equipment or get more details from our managers:

🌐 @uminersglobal

📞 +86 133 1627 7819

🐂 Energy-Efficient Equipment: The Key to Reducing Mining Costs

Average electricity cost for mining is 5 cents per kilowatt-hour. Electricity is primarily purchased on wholesale, spot, or futures markets, and its cost is often fixed.

⚡️ How can miners save on electricity?

The solution is an energy-efficient equipment. This approach is already being adopted by major mining companies. For example, CleanSpark and Iris Energy recently purchased bulk volumes of BITMAIN Antminer S21 devices with an efficiency of 17.5 W/T. If this trend continues, the efficiency of mining device farms is expected to decrease from 29 W/T to 20 W/T in the next 24 months.

⛏ Advantages of Energy-Efficient Equipment

The charts above clearly demonstrate that the new Antminer S21 Pro outperforms other mining device models by all parameters related to energy consumption and hashing cost.

It’s important to note that this chart does not account for the specifications of the new Antminer S21 XP devices, nor for water-cooled equipment. The Hydro series ASIC miners offer even higher energy efficiency and stability.

❓ Are Previous-Generation ASIC Miners Still Relevant?

Depending on electricity costs, miners can still use previous-generation models. However, it's essential to understand that the efficiency of these devices declines rapidly over time, making them unsuitable for those who are looking for long-term investments in mining.

⛏ UMINERS Data Center in Ethiopia

We would like to remind you that the company is actively working on building a data center in Addis Ababa.

Also, the UMINERS data center will be designed to house modern Antminer models from Bitmain, which will only help increase earnings from cryptocurrency mining.

🐂 UMINERS — a turnkey solution for your business:

⏺ Official partner of Bitmain, MicroBT, Canaan
⏺ Large range of miners in stock
⏺ Safe and timely deliveries
⏺ Reliable data-centres
⏺ Global presence on several continents

7 years’ experience in mining make us a reliable and expert partner for you and your investments.

🌍 You can explore the range of mining equipment and services offered by the company on the official website.

Follow the news and special offers on social media:

🌐 YouTube
🌐 Instagram
🌐 Facebook
🌐 Telegram

For inquiries about purchasing equipment and consultations, please contact our managers:

🌐 @uminersglobal (Telegram)
📞 +86 133 1627 7819
💬 sales@uminers.com

📍 We are always happy to welcome you at our offices:

⭕️Hong Kong. The Broadway, Unit 04-05, 16th Floor, 54-62 Lockhart Rd, Wan Chai.
⭕️China, Guangzhou. Room 2004-2006, Nimble Plaza Tower A, Panyu Dadao North 330, Nancun Town.
⭕️Abu Dhabi, UAE. Ofc 3105, Tamouh Tower, Al Reem Island Abu Dhabi.
⭕️Ethiopia. ICT Park (Ethiopian IT Park), Addis Abeda, Uminers Ethio Data Center PLC.

UMINERS - we make mining easy!

🐂 Don't miss the chance to meet us at TOKEN 2049, where we're proud to be golden sponsors.

🖇 UMINERS is excited to share some exciting news at this event. Catch us at our booths, P106 & P107, where our team members will reveal all the details.

⭕️ TOKEN 2049 will be taking place from September 18-19 in Singapore.

See you soon!

🐂 UMINERS - making mining easy.

📈 The 20% increase on electricity bill, after data-center shut down.

📍 In Norway Stokmarknes people made KryptoVault company to shut down their data center because of the noise.
⏺Despite relief from the noise, the shutdown has brought an unexpected consequence — a 20% increase in electric bills. Kryptovault, which had been the largest customer of local energy provider Noranett, accounting for 20% of its revenue.

⚡With the facility now closed, Noranett is passing the financial burden on to other consumers in the region, leading to the increase in electric bills.

⬇The cryptocurrency mining process stopped on 13 September.
⏺Noranett’s network manager said that the electric bill surge will take effect as early as next month.

🐂 UMINERS. Crypto news.