A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device

The cryptocurrency assemblage has been discussing a recently announced bitcoin miner called the Numiner NM440 that claims to nutrient speeds of up to 440 terahash per 2nd (TH/s). Furthermore, a publicly-listed institution called Sphere 3D has elaborate that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32 exahash per 2nd (EH/s) of SHA256 hashpower. Furthermore, there’s been immoderate disbelief among members of the crypto assemblage connected whether oregon not the hashrate velocity claims are legitimate.

Numiner NM440 Revealed, Manufacturer Claims Device Boasts Speeds Up to 440 TH/s

A fig of crypto supporters person been talking about a caller bitcoin (BTC) miner that claims to process speeds that are higher than immoderate mining rig connected the marketplace today. Furthermore, the instrumentality called the Numiner NM440 series, allegedly processes astatine higher hashrate speeds than Bitmain’s upcoming models. That’s due to the fact that the Numiner NM440s reportedly produces 440 TH/s, successful examination to the Bitmain Antminer S19 XP (140 TH/s) and the Antminer S19 Pro+ Hyd. (198 TH/s).

In summation to the recently announced mining rigs, a publicly-listed steadfast called Sphere 3D (Nasdaq: ANY) has announced it has purchased 60,000 Numiner NM440s. According to the press release, Sphere 3D volition “receive 12 pre-production NM440s for last valuation and investigating to [be] completed connected oregon earlier June 1, 2022.”

Sphere 3D, the information absorption steadfast that is merging with bitcoin miner Gryphon Digital Mining successful a SPAC transaction, has signed a woody with mining machine shaper NuMiner Technologies to acquisition 60,000 its high-end NM440 machines for $1.7 billion@Sphere3D

— PANONY (@PANONYGroup) February 4, 2022

After a last evaluation, much batches volition beryllium shipped to Sphere 3D with the enactment to acquisition an further 26.4 EH/s of machines. The existent woody of 60,000 NM440s outgo Sphere 3D $1.7 billion, according to the company. Sphere 3D’s stocks saw a emergence aft the announcement, jumping 30% higher.

We launched with ~$1.7B successful income to preferred lawsuit @Sphere3D. With lone 60,000 machines, @Sphere3D volition beryllium 1 of the largest bitcoin miners successful the planetary bitcoin mining industry. Learn more: https://t.co/kLQpNqhHhQ

— numinerglobal (@numinerglobal) February 4, 2022

According to Numiner’s website, the steadfast says the flagship NM440 is “the world’s astir almighty and environmentally affable miner.” In summation to the monolithic 440 TH/s, the specifications assertion a azygous NM440 gets an ratio standing of 20.2 joules per terahash (J/TH). The web portal claims the machines springiness a 75% simplification successful vigor depletion and the steadfast further insists if “all bitcoin miners deployed the NM440, planetary bitcoin mining vigor depletion successful 2021 would driblet from ~121 terawatt-hours (TWh) of electricity1 to ~30 TWh.”

Luxor Mining Says ‘Reported Specs Are Highly Dubious’

While the specifications are amended than astir machines connected the market, radical are wondering if the machines are morganatic and individuals are funny astir the caller company. Poolin’s Alejandro De La Torre tweeted astir the caller miner and said: “Never heard of these guys before.” Luxor Mining tweeted astir the announcement arsenic good and connected Twitter it asked its followers if radical thought it was legit.

“Numiner came retired of obscurity and announced a 444 TH/s miner with an ratio of 20.2 J/TH,” Luxor Mining said. “These specs would marque it an industry-leading ASIC. What bash we deliberation fam, is this happening legit?”

Screenshot from the Numiner website.

Luxor Mining continued to beryllium skeptical and further said: “Jokes speech regarding the Numiner NM440: When we saw Gryphon’s preorder yesterday, we were highly skeptical but gave the rig the payment of the uncertainty owed to Gryphon’s property release. That said, determination are excessively galore reddish flags for america to respect the NM440 arsenic a morganatic product,” the mining cognition added. Luxor Mining further remarked:

The NM440’s reported specs are highly dubious, arsenic are NuMiner’s selling materials. Further, there’s precise small accusation connected NuMiner’s improvement and team. As such, we cannot attest to the validity of the merchandise and would caution our followers against it astatine this time.

The Chinese writer known arsenic Wu Blockchain discussed the Numiner task arsenic good connected February 3. “Numiner announced its caller bitcoin mining instrumentality NM440, uses TSMC chips and cooperates with Foxconn and Xilinx, the highest 440T successful past and 20.2 J/T. Sphere 3D has committed to bargain 60,000 NM440 for $1.7 [billion]. (The authenticity of the information is questionable),” Wu Blockchain said.

Screenshot from the Numiner website.

The website does accidental that the Numiner models are being produced successful coordination with TSMC, Foxconn and Xilinx. While galore questioned the legitimacy of the project, others made jokes astir the pictured unit’s Mountain Dew colors, aesthetics and features.

Meanwhile, the bitcoin miner Gryphon Digital Mining’s peculiar intent acquisition institution (SPAC) woody was reported connected by Coindesk successful mid-November 2021. The work further covered Sphere 3D’s acquisition of 60,000 mining rigs from Numiner connected Thursday. Gryphon tweeted connected February 3, and said that the mining cognition was “excited astatine the imaginable of moving with Numiner arsenic our pending merger partner, Sphere 3D.” Interestingly, Sphere 3D hasn’t tweeted since February 14, 2019.

What bash you deliberation astir the Numiner NM440? Do you deliberation the institution volition nutrient the world’s astir almighty bitcoin miner? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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