{"id":1727,"date":"2022-02-07T11:03:27","date_gmt":"2022-02-07T11:03:27","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=1727"},"modified":"2022-02-07T11:03:28","modified_gmt":"2022-02-07T11:03:28","slug":"a-mining-rig-that-boasts-440-th-s-miners-question-the-legitimacy-of-new-bitcoin-mining-device","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1727","title":{"rendered":"A Mining Rig That Boasts 440 TH\/s? Miners Question the Legitimacy of New Bitcoin Mining Device"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH\/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32 exahash per second (EH\/s) of SHA256 hashpower. Furthermore, there\u2019s been some disbelief among members of the crypto community on whether or not the hashrate speed claims are legitimate.<\/strong><\/p>\n<h2>Numiner NM440 Revealed, Manufacturer Claims Device Boasts Speeds Up to 440 TH\/s<\/h2>\n<p>A number of crypto supporters have been talking about a new bitcoin (BTC) miner that claims to process speeds that are higher than any mining rig on the market today. Furthermore, the machine called the Numiner NM440 series, allegedly processes at higher hashrate speeds than Bitmain\u2019s upcoming models. That\u2019s because the Numiner NM440s reportedly produces 440 TH\/s, in comparison to the Bitmain Antminer S19 XP (140 TH\/s) and the Antminer S19 Pro+ Hyd. (198 TH\/s).<\/p>\n<p>In addition to the newly announced mining rigs, a publicly-listed firm called Sphere 3D (Nasdaq: ANY) has announced it has purchased 60,000 Numiner NM440s. According to the press release, Sphere 3D will \u201creceive 12 pre-production NM440s for final evaluation and testing to [be] completed on or before June 1, 2022.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">Sphere 3D, the data management firm that is merging with bitcoin miner Gryphon Digital Mining in a SPAC transaction, has signed a deal with mining computer maker NuMiner Technologies to purchase 60,000 its high-end NM440 machines for $1.7 billion@Sphere3D<\/p>\n<p>\u2014 PANONY (@PANONYGroup) February 4, 2022<\/p>\n<p>After a final evaluation, more batches will be shipped to Sphere 3D with the option to purchase an additional 26.4 EH\/s of machines. The current deal of 60,000 NM440s cost Sphere 3D $1.7 billion, according to the company. Sphere 3D\u2019s stocks saw a rise after the announcement, jumping 30% higher.<\/p>\n<p lang=\"en\" dir=\"ltr\">We launched with ~$1.7B in sales to preferred customer @Sphere3D. With only 60,000 machines, @Sphere3D will be one of the largest bitcoin miners in the global bitcoin mining industry. Learn more: https:\/\/t.co\/kLQpNqhHhQ<\/p>\n<p>\u2014 numinerglobal (@numinerglobal) February 4, 2022<\/p>\n<p>According to Numiner\u2019s website, the firm says the flagship NM440 is \u201cthe world\u2019s most powerful and environmentally friendly miner.\u201d In addition to the massive 440 TH\/s, the specifications claim a single NM440 gets an efficiency rating of 20.2 joules per terahash (J\/TH). The web portal claims the machines give a 75% reduction in energy consumption and the firm further insists if \u201call bitcoin miners deployed the NM440, global bitcoin mining energy consumption in 2021 would drop from ~121 terawatt-hours (TWh) of electricity1 to ~30 TWh.\u201d<\/p>\n<h2>Luxor Mining Says \u2018Reported Specs Are Highly Dubious\u2019<\/h2>\n<p>While the specifications are better than most machines on the market, people are wondering if the machines are legitimate and individuals are curious about the new company. Poolin\u2019s Alejandro De La Torre tweeted about the new miner and said: \u201cNever heard of these guys before.\u201d Luxor Mining tweeted about the announcement as well and on Twitter it asked its followers if people thought it was legit.<\/p>\n<p>\u201cNuminer came out of nowhere and announced a 444 TH\/s miner with an efficiency of 20.2 J\/TH,\u201d Luxor Mining said. \u201cThese specs would make it an industry-leading ASIC. What do we think fam, is this thing legit?\u201d<\/p>\n<p>Screenshot from the Numiner website.<\/p>\n<p>Luxor Mining continued to be skeptical and further said: \u201cJokes aside regarding the Numiner NM440: When we saw Gryphon\u2019s preorder yesterday, we were highly skeptical but gave the rig the benefit of the doubt due to Gryphon\u2019s press release. That said, there are too many red flags for us to regard the NM440 as a legitimate product,\u201d the mining operation added. Luxor Mining further remarked:<\/p>\n<p>The NM440\u2019s reported specs are highly dubious, as are Numiner\u2019s marketing materials. Further, there\u2019s very little information on Numiner\u2019s development and team. As such, we cannot attest to the validity of the product and would caution our followers against it at this time.<\/p>\n<p>The Chinese journalist known as Wu Blockchain discussed the Numiner project as well on February 3. \u201cNuminer announced its new bitcoin mining machine NM440, uses TSMC chips and cooperates with Foxconn and Xilinx, the highest 440T in history and 20.2 J\/T. Sphere 3D has committed to buy 60,000 NM440 for $1.7 [billion]. (The authenticity of the data is questionable),\u201d Wu Blockchain said.<\/p>\n<p>Screenshot from the Numiner website.<\/p>\n<p>The website does say that the Numiner models are being produced in coordination with TSMC, Foxconn and Xilinx. While many questioned the legitimacy of the project, others made jokes about the pictured unit\u2019s Mountain Dew colors, aesthetics and features.<\/p>\n<p>Meanwhile, the bitcoin miner Gryphon Digital Mining\u2019s special purpose acquisition company (SPAC) deal was reported on by Coindesk in mid-November 2021. The publication further covered Sphere 3D\u2019s acquisition of 60,000 mining rigs from Numiner on Thursday. Gryphon tweeted on February 3, and said that the mining operation was \u201cexcited at the prospect of working with Numiner as our pending merger partner, Sphere 3D.\u201d Interestingly, Sphere 3D hasn\u2019t tweeted since February 14, 2019.<\/p>\n<p>Tags in this story<\/p>\n<p>20.2 J\/TH, 440 TH\/s, 75% reduction, Alejandro de la Torre, Bitcoin, Bitcoin (BTC), Bitcoin mining, Bitmain, Bitmain Miners, BTC, BTC Mining, Foxconn, Luxor Mining, mining, Mining Device, Mining Machine, Mining Rig, Nasdaq: ANY, Numiner, Numiner NM440, Poolin, Sphere 3D, TSMC, Wu Blockchain, Xilinx<\/p>\n<p><em><strong>What do you think about the Numiner NM440? Do you think the company will produce the world\u2019s most powerful bitcoin miner? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/a-mining-rig-that-boasts-440-th-s-miners-question-the-legitimacy-of-new-bitcoin-mining-device\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH\/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32 exahash per second (EH\/s) of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-1727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1727"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1727\/revisions"}],"predecessor-version":[{"id":1729,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1727\/revisions\/1729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1728"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}