Bitmain’s Upcoming Antminer S17 Miner Release Has One Twitter User Saying: It’s “A Marketing Ploy”

Bitmain, the Chinese manufacturer for ASIC miners, recently announced that the Antminer S17 is due to be released on April 9^th, making this item available to miners around the world. The S17 is a next-gen model, created for extracting crypto on the SHA-256 algorithm exclusive. With the new line, miners will have access to the Antminer S17 Pro, Antminer S17 and Antminer T17.

In a post from Twitter user BTCKING555, rumors are starting to move about Bitmain’s development, claiming that the release of this new mining device is no more than “a marketing ploy.” He adds that the computing power is much less efficient than what Innosilicon provides.

Bitmain’s April 9th release of S17 is just a marketing ploy. Sources tell their order with TSMC is just 2000 wafers (read: peanuts) and wafer yield is less than 80%! Investors should be asking cost per compute power which is still less efficient than that of innosilicon!

— BTCKING555 (@btcking555) April 2, 2019

At this point, Bitmain pretty much rules the mining space with their devices, and BTCKING555 points out that there hasn’t really been a competitive chip in the last two years, ever since the release of the Antminer S9. He even questioned how long the ASIC miner will last, considering how the devices as far back as S11 have been “uncompetitive.”

If you consider no competitive chip for over 2 years since S9 and hundreds of millions thrown on uncompetitive S11 to S17, one would wonder how long will they last 😭 ?

— BTCKING555 (@btcking555) April 2, 2019

About 20 minutes after these posts, BTCKING555 added another tweet, saying that a “Major News Outlet” is looking into multiple issues within Bitmain. The concerns include “internal infighting and investor law suits.” The user encouraged the public to send in other leaks via Direct Message on Twitter.

HeadsUp: Major News Outlet is Investigating Bitmain fortunes collapsing, internal infighting and investor lawsuits. 🍿 Those that have been sending leaks in addition to our insider pls DM more. I will promptly forward. Thank you.

— BTCKING555 (@btcking555) April 2, 2019

Still, there is some people that questioned on this post why BTCKING555 was covering these changes. User PsychedelicBart said that he believed the remarks were made “in retaliation” against Jihan Wu, the co-founder of Bitmain and a consistent proponent of Bitcoin Cash. Though CoinDesk named him one of the top 10 influential figures in blockchain technology in 2017, PsychedelicBart said that he had “embarrassed” BTCKING555 in front of colleagues.

I believe he's doing this in retaliation of Jihan Wu embarrassing him in front of his colleagues.

— Psychedelic El ₿arto (@PsychedelicBart) April 2, 2019

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