What is Bitmain and how does it work?

Before we get too deep into Bitmain, let’s go over their core business first. Bitmain is primarily an ASIC hardware manufacturer. They produce several lines of cryptocurrency mining hardware that are designed to target different types of cryptocurrencies including most of the popular mining algorithms.

What is Bitmain AntMiner S1?

Bitmain's first product was the Antminer S1 which is an ASIC Bitcoin miner making 180 GH/s while using 80–200 Watts of power. Bitmain as of 2018 had 11 mining farms operating in China.

What is Bitmain's mining farm?

Bitmain’s Private Mining Farm. In addition to producing and selling the devices, Bitmain also operates its own massive mining farm in north-central China, in the province of Inner Mongolia. The region where Bitmain set up shop is home to one of China’s most famous “ghost cities”.

What is Bitmain & Great North data?

Bitmain develops and produces miners where it operates some of its hardware out of third-party "mining farms". Great North Data provides space to companies like Bitmain to install and run their bitcoin mining equipment.