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Bitmine Receives First ASICs After Avalon Resumes Shipping

After a month of silence from Avalon on the status of over 800,000 ASIC chips that had been pre-ordered, there were indications that chips may be arriving soon when two group buys announced they received tracking numbers late last week. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations. Starting in mid-April, Avalon sold bulk orders of ASIC chips in batches of 10,000, with each chip hashing at an estimated 400 MH/s overclocked.

Today Bitmine.ch posted pictures showing the arrival 10,000 Avalon ASIC chips, indicating that thier Batch #1 pre-orders should be expecting delivery soon. Bitmine.ch is the first company to announce the arrival of chips since Avalon re-initiated the shippment of orders.  The exif data on the photographs indicate they were taken on 8/26 from an iPhone 4, and contain Bitmine’s logo in the background so there is little reason to think this is not authentic.

batch pic 1 batch pic 2

Bitmine is a Swiss-based company that sells clones of Avalon’s original mining unit, which contained fully assembled Avalon chips on boards. Each fully assembled unit consists of four 22 GH/s modules that run at an estimated 85 GH/s total. Their units retailed for $5,999 not including a power supply, and were pre-sold in three separate batches. This chip delivery corresponds to their first batch, with the order was placed on May 27th. Batch 2 sold out on June 7th, and batch 3 sold out in mid-July. The three batches consisted of 30, 100 and 100 units, totaling 2.5, 8.3 and 8.3 TH/s each.

This is likely the first Avalon delivery of many reports over the coming weeks as Avalon expects to ship out 40-50,000 chips per day. The network difficulty has more than doubled over the last 30 days and the exponential increase does not appear to be slowing down anytime soon with several hundred TH/s likely to be delivered from Avalon alone.

network
Bitcoin mining network statistics. Source: mining.thegenesisblock.com

 

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