Where’s the Bitmain Antminer L7?
Many pre-orderers are currently wondering where the Antminer L7 they have ordered is.
The Bitmain Antminer L7 with 9.5GH or 9.16GH each was offered via Bitmain for November and December batches.
Not a single copy has been delivered worldwide (as of: 03/01/2022).
There is still no final information on the delivery of the L7 from Bitmain.
We investigated this question and found surprising information about the whereabouts of the L7:
But let’s start at the beginning:
Why was and is there a delay in the delivery of the miner? Pre-orderers who inquire directly at Bitmain currently all receive the same answer.
Due to the global semiconductor and chip shortage, Bitmain does not receive the desired amount of chips to produce the miners on time. Then there is the conflict with China. After the Chinese government banned the mining of cryptocurrency, Bitmain suspended the sale of the miners for the time being and planned to relocate its factories from Shenzhen (China) to Malaysia.
But are these really the only reasons for the miner’s delay?
Bitmain has had late deliveries in the past, which were not necessarily related to the lack of chips.
So the Antminer T19, which was announced for June 2020, has been postponed by 3 months.
The reason for this was an internal dispute and power struggle between the two CEOs of Bitmain (Jihan Wu and Micree Zhan), who have been arguing since 2019 about who is the sole managing director of Bitmain.
After Jihan Wu was forced to give up his post, he retaliated and attempted a coup by stabbing the branch with guards while Zhan was on a business trip.
Both managing directors caused such violent unrest in the company that even the employees no longer knew who the managing director was.
As a result, not only did one of the largest IPOs (Bitmain) in China burst, but Bitmain lost some of its goodwill, trust and, above all, seriousness.
But Bitmain (2018) also developed an ASIC miner for Monero (X3) in the past, which at the time was much more effective than GPUs and CPUs at the time.
Through a reader we were able to find a surprising post on Reddit by a user (Straight_Media3392):
Using the formula:
Total Hash = Speed x Time or Total Hash: Speed
The following results:
Time = 69289566000: 8578 = 8 077 589 sec.
8 077 589 sec = 93 days
In other words, the total hashrate was mined within 93 days. If the user “andyputra” is actually BITMAIN, it can be assumed that the miners are currently operated by Bitmain in order to generate profits.
Should this actually be Bitmain, this shows again that Bitmain has hardly learned despite the past and continues to make profit at the expense of its customers.
To draw a conclusion at this point:
If this is actually BITMAIN, it must be said that in view of the past events this is a serious breach of trust. But there is hope because Bitmain doesn’t seem to understand one thing!
In the past there was hardly any competition for Bitmain, as there were hardly any other ASIC miner manufacturers.
But in the meantime manufacturers such as Goldshell, Canaan and IBELINK have established themselves (also owe Bitmain) and are very reliable with pre-orders such as the KD5 and the recently released CK6.
In conclusion, the question remains how Bitmain customers will react to this misconduct in the future.