Bitmain Review

For anyone diving into the world of cryptocurrency mining, Bitmain is a name that often comes up. But is this crypto-mining company the right choice for you? In this Bitmain review, we’ll explore whether this company is a good fit for your needs.

The company has quickly established itself as a leader in the cryptocurrency mining industry. Known for producing a range of powerful rigs, including its flagship ANTMINER series, Bitmain has earned its reputation. But the question remains: Is Bitmain legit? Given its status as one of the largest mining hardware companies, it seems to be a legitimate player in the market.

Before diving into mining, it's crucial to secure your mined cryptocurrencies. A hardware wallet like Ledger Nano X or Trezor Safe 5 offers enhanced security for your assets. With that in mind, let's get started with this comprehensive Bitmain review.

Verdict at a glance: Bitmain has established itself as a leading manufacturer in the cryptocurrency mining industry. It offers a diverse range of powerful mining hardware, including the popular ANTMINER series, and supports mining various cryptocurrencies such as BTC, LTC, and DOGE. While Bitmain's products are known for efficiency and power, the company has received criticism for its customer support experience. Overall, Bitmain is a good choice for individual miners and large-scale operations looking to optimize their mining operations.

What is Bitmain?

Before diving into the pros and cons of this Bitmain review, let’s take a closer look at the company itself. So, what is Bitmain?

As mentioned earlier, Bitmain is one of the world’s leading manufacturers of cryptocurrency mining hardware. With its research and development center in Singapore, Bitmain has established branches across multiple countries, including the United States, Hong Kong, and Kazakhstan.

By the way, cryptocurrency mining is the process of using computer power to solve complex mathematical problems, which in turn verifies and adds transactions to a blockchain.^[1] Miners are rewarded with new coins for their efforts, making mining a way to earn cryptocurrency while supporting the network's security.

Over the years, Bitmain has launched several generations of miners. Notable products include the ANTMINER S19 and ANTMINER S21, both of which have set industry benchmarks for hash rate efficiency. Additionally, the company has established Antpool, one of the world’s largest Bitcoin mining pools, and developed Bitdeer, a cryptocurrency cloud mining platform.

Now, let’s answer one of the most commonly asked questions in many user Bitmain reviews, “Is Bitmain legit?”. The answer appears to be yes. Bitmain's contributions to the cryptocurrency mining industry make it a legitimate company, particularly through its advancements in ASIC technology and consistent product releases.

So, who should use Bitmain? The company's products are designed for a wide range of users. This includes individual miners to large-scale mining operations. The company's ASIC rigs are known for their efficiency and power, making them suitable for those looking to optimize their efforts.

In short, whether you're a solo miner or a business looking to invest in mining infrastructure, Bitmain's rigs could be a valuable asset to have.

Bitmain Review: PROS

Now, let's dive deeper and take a look at several advantages the Bitmain mining company brings to the table.

Various Mining Hardware and Accessories

Bitmain offers a diverse selection of ASIC rigs and hardware accessories. Its product line includes high-performance miners like the ANTMINER series, as mentioned earlier in this Bitmain review. This wide range of hardware means there's likely something for everyone, whether you're already experienced in this field or just starting.

In case you're wondering, ASIC (Application-Specific Integrated Circuit) is a type of hardware designed to do one thing really well: mine cryptocurrencies.^[2]

Unlike general-purpose hardware like GPUs, ASICs are built for specific algorithms, meaning you can mine more efficiently. This gives you an edge on performance and energy usage, which is why many serious miners go for ASIC miners like that Bitmain offers.

Among Bitmain's latest offerings, Bitcoin Miner S21 Pro stands out as one of the featured Bitmain mining products. This air-cooled rig boasts a hashrate of 234 TH/s with a power efficiency of 15 J/T. It offers people a powerful and efficient solution, ideal for large-scale operations looking to maximize their profitability.

Another advanced product is Bitcoin Miner S19 XP Hyd., which uses hydro-cooling technology. This rig achieves a hashrate of 257 TH/s, providing a significant boost in mining power. The hydro-cooling system not only increases efficiency but also helps in maintaining the temperature, contributing to its durability.

For those seeking a balance between power and energy efficiency, Bitcoin Miner T21 offers a hashrate of 190 TH/s. It's designed to cater to a wide range of miners, from individuals to mining farms. Additionally, it offers solid performance without high power consumption like other models.

In addition to Bitmain rigs, the company offers a range of accessories to optimize the mining process. For example, Control Board V1.0 for Bitcoin Miner S21 Pro helps maintain efficient control of the operations.

You can also find the APW121215f, 12V-15V, and V4.0 power supply that ensures stable and consistent energy output to power Bitmain miners. Plus, ANTPDU PW12V1 serves as a reliable power distribution unit, helping miners distribute electricity evenly across multiple devices.

In short, Bitmain offers a diverse product range, from powerful ASIC miners to essential accessories. So, whether you're just starting or looking to upgrade your current setup, Bitmain offers solutions that can enhance your efforts.

Supports Mining Different Cryptocurrencies

In this Bitmain review, I want to highlight that Bitmain supports a wide range of cryptocurrencies across different algorithms. So, with Bitmain rigs, you can mine your preferred digital asset, providing flexibility and the potential to diversify your portfolio.

Some of the supported crypto include Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE). Each of these coins operates on different algorithms, and Bitmain products are designed to handle these varying demands efficiently.

For instance, BTC operates on the SHA-256 algorithm, while LTC uses the Scrypt algorithm. Having the capability to mine different algorithms is a significant advantage, as it allows people to switch between currencies based on profitability and market conditions.

Moreover, Bitmain provides multi-cryptocurrency support. It offers flexibility to adapt and optimize for potential profits. So, if the market for one cryptocurrency becomes less profitable, miners can easily switch to another supported coin without needing to change their hardware setup.

One of Bitmain's products that offers this multi-currency support is Bitcoin Miner S21 Hyd. This rig is capable of mining BTC, BCH, and BSV, offering a robust solution for those who want to diversify their mining operations. Its hydro-cooling system ensures optimal performance and efficiency while handling the computational demands of these cryptocurrencies.

Litecoin Miner L9 is another powerful product from Bitmain, tailored for mining LTC, DOGE, and BEL. It boasts a high hash rate and efficiency, catering to the growing popularity of these Scrypt-based cryptocurrencies. This flexibility makes it ideal for those who want to explore altcoin mining in addition to BTC.​

To sum up, Bitmain's support for various cryptocurrencies provides miners with flexibility. This allows them to adjust their strategies according to market trends and profitability, making Bitmain rigs a versatile choice.

Offers After Sales Support

Another notable advantage worth-noting in this Bitmain review is the company’s after-sales services that add significant value for its customers. These services include Bitmain miner repair, warranty checks, and service applications, each designed to help users maintain and optimize their equipment.

Let's start with the first one. Bitmain has official repair centers spread across several countries, including the USA, Africa, China, and Indonesia. This wide network ensures that customers can access repair services promptly and efficiently. In addition, it covers a variety of issues, providing maintenance and fixing hardware problems to keep your mining equipment running optimally.

To help customers keep track of their equipment's warranty status, Bitmain also offers a convenient warranty check service. This allows you to verify if your rig is still under warranty, ensuring you can access repairs and support when needed. It's a simple and effective way to keep your mining operations secure and covered.

What's more, Bitmain provides service applications, including various training courses that offer valuable knowledge and skills to customers. It covers maintenance, hydro-cooling products, and operation and maintenance (O&M) training.

The maintenance training course focuses on diagnosing and repairing Bitmain rig hardware issues, while the hydro-cooling product training introduces the use of hydro-cooling systems in mining. O&M training provides a deeper understanding of operating and maintaining mining equipment, ensuring long-term, efficient performance.

These after-sales services not only enhance the customer experience but also help maintain the longevity and efficiency of Bitmain’s rigs. By offering comprehensive support and training, Bitmain ensures that customers are well-equipped to handle the demands of cryptocurrency mining.

Provides Customer Order Support

Bitmain also provides support to streamline the ordering and shipping process for its customers. This assistance includes a shipping calculator, as well as order and package tracking, ensuring users can easily manage and monitor their orders.

That said, Bitmain’s shipping calculator is a tool that helps potential customers understand the costs involved in shipping their mining hardware. This makes it easier to plan their purchase. By entering your shipping address and product details, you can quickly get a breakdown of the shipping fees, ensuring transparency in the transaction.

Bitmain's order tracking service also allows customers to monitor the status of their package in real-time. Through the account dashboard, you can see the order progress - from processing to shipping, giving you peace of mind as you wait for the equipment to arrive.

Additionally, Bitmain offers package tracking services, which enable customers to follow the shipments through various carriers. Whether your order is shipped via FedEx, DHL, UPS, SF, or CDEK, you can see where it is by using the tracking system. This ensures that you're always informed of the shipment's location and expected delivery time.

These customer order support services are part of Bitmain's commitment to providing a smooth and transparent purchasing experience. From estimating shipping costs to keeping tabs on your order and package, Bitmain ensures customers are well-informed and can track their purchases every step of the way.

Offers Mining Farm Cooperation Opportunities

Another advantage I should mention in my Bitmain review is that this company provides mining farm cooperation opportunities. So, Bitmain allows mining operators to collaborate with the company for long-term partnerships.

By the way, a mining farm is essentially a large facility where miners are grouped together to pool resources like electricity and cooling to achieve more efficient mining. These farms often use advanced cooling systems, such as air-cooling or hydro-cooling, to keep the hardware running smoothly, even under heavy workloads.

Bitmain’s mining farm cooperation program provides hosting services for both air-cooled and hydro-cooled miners.

For example, the latter allows for high returns with low investment by using the ANTSPACE system. Meanwhile, the air-cooling hosting offers competitive pricing per unit and the added benefit of priority rights to purchase ANTMINER products.

That said, this mining farm cooperation program is good for those running or planning large mining farms and looking to scale efficiently.

By joining the program, partners can receive benefits like hosting coupons, up to $20,000 per megawatt for hydro-cooling setups, and potential bonuses for meeting performance targets. This makes it a great option for operators seeking to maximize returns and efficiency.​

Bitmain’s mining farm cooperation offers a good solution for those looking to expand their operations in a professional, low-risk environment. Additionally, you can benefit from the company’s expertise and resources.

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Bitmain Review: CONS

Now that we've covered the benefits, let's proceed with this Bitmain review by looking at some of the drawbacks. While the company does offer a wide selection of powerful products and services, it still has its own cons. Understanding these drawbacks can help you make a more informed decision about whether Bitmain is the right fit for your mining needs.

Not the Best Customer Support Experience

Despite being a leading crypto-mining manufacturer, the company has received a fair share of criticism from users regarding its customer support experience. Some user Bitmain reviews have expressed dissatisfaction with the level of service provided, indicating that this is an area where it could improve.

According to several Bitmain reviews, one of the most common complaints is the lack of timely communication. People have reported issues like long response times when dealing with shipping delays, refund requests, or problems with their products. It can be frustrating when you've invested a lot of money in mining equipment, and you're left waiting for support.

So, why is this such a big deal? Well, poor customer support can lead to delays in resolving issues, which in turn can affect the profitability of mining operations.

When customers encounter difficulties with their equipment or need support with orders, a lack of effective assistance can result in downtime and lost revenue. For many, this can be a dealbreaker, especially in an industry where time and efficiency are critical.

Overall, as mentioned in my Bitmain review, it's important to note that the customer support experience has left some users feeling a bit let down. If Bitmain can address these concerns, it would go a long way in improving the overall experience for its customers.

Bitmain Price Range and Payment Methods

Bitmain offers a range of rigs to suit different budgets, with prices ranging from $1,320 to $14,521. This variety allows both small-scale miners and large operations to find equipment that meets their needs and budget. Now, let’s examine several rigs according to the products' price range in this Bitmain review.

The most expensive product in the lineup is Bitcoin Miner S21 XP Hyd., standing at $14,521. This rig is designed for high-performance mining, supporting cryptocurrencies such as BTC, BCH, and BSV.

In terms of specifications, Bitcoin Miner S21 XP Hyd. boasts an impressive hash rate of 350 TH/s, making it one of the most powerful equipment available. It has a power efficiency of 16 J/T, ensuring it delivers maximum mining power while keeping energy consumption in check. This rig is ideal for large-scale mining operations.

In the middle of Bitmain’s price range is Bitcoin Miner S19 XP Hyd, priced at $5,911. This rig also supports BTC, BCH, and BSV. It offers a balance between performance and cost, while the hydro-cooling system helps keep the hardware cool.

For those looking for a more affordable option, the Bitcoin Miner S19k Pro is available at $1,320. This rig is a great entry point for those new to this field or for smaller operations. It supports cryptocurrencies like BTC, BCH, and BSV, allowing users to mine some of the most popular digital assets.

With a hash rate of 100 TH/s, Bitcoin Miner S19k Pro offers a decent level of performance for its price. It has a power efficiency of 29.5 J/T, making it less efficient than the higher-end models but still a viable option for those who are mindful of their budget. This rig is a good choice for individuals or small mining operations looking to get started in the crypto-mining space.

Now, what about the payment methods? Bitmain provides a range of options to accommodate different preferences.

The company accepts USD wire transfers, as well as various cryptocurrencies such as BTC, ETC, USDC, and USDT. This flexibility allows customers to pay in the currency they prefer, making the purchasing process more convenient.

Moreover, Bitmain also offers two types of shipping dates for their products: Spot and Futures. The former means that the product is in stock and ready for immediate shipment, allowing customers to receive their equipment in 10 working days after fully paid.

Futures, on the other hand, refer to pre-orders for products that aren’t yet released or are out of stock. Customers who choose the Futures option will have to wait until the specified shipping date for their order to be fulfilled. This approach helps customers plan and manage their mining operations more effectively.

How to Use Bitmain?

Now, if you became interested in the rigs after reading my Bitmain review, below you can see the step-by-step process on how to get started and place an order.

How to Place an Order for a Bitmain Miner?

If you're ready to purchase a Bitmain miner, the process is straightforward:

Step 1: Visit the Bitmain website and create an account if you haven’t already. Hover over the [Profile] icon and select [Sign Up]. You can register using your phone number or email address. Follow the on-screen instructions to set up your account.

Step 2: Open your email to verify the email address if you sign up using email. Next, log in to your Bitmain account.

Step 3: Go to the top navigation bar and click [ANTMINER]. Browse the product catalog and select the Bitmain miner you’d like to purchase. For example, I want to purchase Bitcoin Miner T21. So, I click the product thumbnail.

Step 4: Review Bitcoin Miner T21’s specifications and availability on the product page. Next, select the quantity and, if needed, add a power supply to your order. Then, click [Add to Cart] once you’re ready.

Step 5: Click the [Cart] icon on the top navigation menu. Check if you’ve entered the correct product. Next, click the [Checkout] button.

Step 6: Input your shipping details by selecting [New Address] and filling in your contact information, shipping method, and preferences. Confirm that everything is correct before proceeding. Once everything looks good, click the [Submit] button.

Step 7: Choose your preferred payment method, such as USD wire transfers, BTC, ETH, and other cryptocurrencies. Make sure to complete the payment within the allotted time, or your order will be canceled. Once payment is confirmed, Bitmain will notify you of the order's status.

Congratulations! You’ve successfully placed an order for Bitmain mining hardware. You can track the order’s progress through the Bitmain User Center until the product is shipped.

Overall, purchasing a mining product from Bitmain is simple. Also, the company offers various payment options to ensure a smooth transaction.

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Conclusions

Wrapping up my Bitmain review, this company has a strong position in the crypto-mining industry, offering a wide range of powerful rigs and accessories. This also answers the most asked question, “Is Bitmain legit?”. So, if you're looking for mining hardware, Bitmain miners offer good efficiency and power.

But remember, once you've mined those cryptocurrencies, securing them is key. That's where hardware wallets like the Ledger Nano X or Trezor Safe 5 come into play, offering top-notch security for your assets.

Another key advantage mentioned in this Bitmain review is its support for multiple cryptocurrencies. It's not just about BTC here – you've got the flexibility to mine different coins like LTC and DOGE, depending on what's profitable at the moment. This versatility is a plus, especially when the crypto market can change on a dime.

That said, let's be real: it's not all perfect. Some users have voiced concerns about customer support being a bit slow. So, improving customer service could go a long way in making the overall experience better for everyone involved.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. M. Hajiaghapour-Moghimi, E. Hajipour, K. A. Hosseini: 'Hedging Investments of Grid-Connected PV-BESS in Buildings Using Cryptocurrency Mining: A Case Study in Finland';

2. S. Pastrana, G. Suarez-Tangil: 'A First Look at the Crypto-Mining Malware Ecosystem: A Decade of Unrestricted Wealth'.