Here at Wattum, the security of our customers’ investments is our top priority. That’s why we are excited to announce Wattum Care, a 3-tiered protection plan available to all customers who have purchased Bitcoin mining equipment from Wattum or are utilizing our hosting and management services, designed to preserve your hardware and maximize your mining productivity. As Bitcoin prices spike and mining becomes increasingly lucrative, protecting your mining investment is paramount. Our experts estimate that consistently maintaining a high level of care for your mining hardware can increase its useful life to as many as 7 years of good working condition.

So, why subscribe to Wattum Care instead of maintaining your machines yourself? 

In the rare event that an ASIC chip breaks or malfunctions, repairs are relatively easy to perform when done by qualified experts. In most cases, the parts from a single broken machine can repair 3-10 other slightly broken machines to consolidate the chips. Power supplies are more prone to breaking, but they are inexpensive and Wattum is well-versed in their management and replacement. Our advanced firmware practices can be applied to turn on chips to improve mining, allowing us to lower and overclock chips when the need arises, in addition to the ability to replace the entire board should this option be more optimal in ensuring you can always make the most of your machines. 

The Wattum Care Program will feature three tiers to appeal to customers with varying levels of risk tolerance: Wattum Care, Wattum Care Plus, and Wattum Care Ultimate.

Protect your Investment

By investing in the maintenance and security of your machines, you can effectively extend their lifetime and maximize the long-term profitability of your initial investment. Providing industry-recognized equipment and globally competitive rates, Wattum is looking forward to pioneering the provision of the same quality security in the form of post-purchase care. For more information on the upcoming program, please do not hesitate to contact us.

Announcements, Partnership

Wattum and ViaBTC Announce Global Strategic Partnership

June 3, 2021

Wattum is pleased to announce a strategic partnership with ViaBTC Group, which consistently ranks within the top 10 for total Bitcoin hash power among mining pools.

ViaBTC is a globally recognized Bitcoin mining pool and cloud mining contract provider specializing in blockchain technology. Within the year preceding this writing, they have accounted for 7.14% of global hashrate. Their partnership with Wattum brings together a shared dedication to providing clients with reliable and efficient digital asset management services.

ViaBTC CEO Haipo Yang remarked, “It’s always such a pleasure to work with the Wattum team. Their professional standards and commitment to providing high quality work puts them a step above the rest.”

In Q1 of 2021 alone, Wattum has transformed $1.5 million in funding into $58 million, a 3800% return. With over 720 existing mining pool customers, Wattum is well-established as a trusted, lucrative pool generating significant returns for their customers.

In light of this partnership, Wattum will be offering a new customer rate, reducing Pool Fees to just 1% if the customer purchases equipment and/or management services as well. Wattum also conducts profit testing through monthly pool audits and provides mining pool services to a vast range of clients, from individual miners to large-scale data hosting centers.

With a diverse set of offerings including equipment, hosting, management and mining pools within the cryptocurrency market, Wattum’s comprehensive value proposition is strengthened by this deal. Our company profile anticipates a rise within the cryptocurrency industry in the U.S. and internationally, amid the most significant cryptocurrency mining boom as historic regulatory barriers are being broken down.

U.S.-based crypto mining management company Wattum has recently partnered with data center operator Enegix to expand hosting availability at their Kazakhstan Bitcoin mining facility by 8MW. 

Enegix’s Facility

Based in Kazakhstan, a nation that is home to a whopping 4,000 MW electricity surplus, Enegix’s data center is already one of the largest in the world, with plans to increase its capacity by an additional 500 MW in 2021. Based in an ideal shipping location, the country also presents a low 12% import value added tax (VAT) alongside import options as low as 0%. The fully compliant facility is optimized for safe mining operations thanks to an ideal climate for air cooling, on-site ASIC repair availability, and on-site personnel accommodation. Giving equipment owners peace of mind, the high-voltage infrastructure is protected by video surveillance and armed security. This facility was built to provide premier hosting opportunities for miners, which Wattum customers can now take advantage of.

Wattum’s Hosting Growth

As one of the leading providers of mining equipment hosting and maintenance services, Wattum offers the lowest prices for facilities within the U.S., Canada, Russia, and now Kazakhstan. Boasting a minimum of 99% equipment uptime, uninterrupted network operation, and uninterrupted power supply, Wattum is synonymous with reliability. Monitoring is provided by on-site technicians with 24/7 customer support. To ensure you get the maximum lifetime out of your mining equipment, Wattum’s specialists carry out routine maintenance and diagnostics of mining equipment. They also monitor mining equipment control of current conductors using a thermal imaging device, alongside routine visual inspections by certified technicians.

Declining Global Hosting Availability

With tightening regulations leading to a precarious Bitcoin mining climate in China, the global leader in hashrate production, many miners have looked to other regions with lower risk to host their mining hardware. This has resulted in an increased demand for credible hosting facilities around the world, particularly those headquartered in the U.S. Through this partnership with Enegix to increase available hosting space, Wattum is an American-based company taking proactive steps to ensure that its customers have ongoing access to secure, reliable hosting at competitive prices, even in an ever-changing global regulatory landscape. Wattum offers a variety of services such as new and used equipment sales, hosting, management, firmware, and mining pool opportunities.

An Investment Opportunity that Pays for Itself

With these shifts in the global playground of crypto mining gaining widespread recognition, developments have already been seen in the demand for mining equipment as participants from all over the world recognize the lucrative investment. While the current market price of Bitcoin sits at nearly $40,000 at the time of writing, purchasing a rig for under $10,000 and mining Bitcoin allows you to invest smaller increments every month whilst getting a significant return on your investment. Mining equipment is fully depreciable on your tax returns, and since it’s typically priced at a 12-month payoff from the current Bitcoin price, the period of time that it takes to pay off your equipment will decrease should Bitcoin prices increase, as they are now.

When it comes to mining for cryptocurrencies, it’s common knowledge that a miner’s investment in equipment directly relates to their profitability. This is why we’re introducing the new generation of Bitmain ASICs, the Antminer S19, which is more reliable, efficient and profitable than previous editions. A vast improvement on its predecessor, the S17, the manufacturer has listened to user feedback and made the following changes to the latest iteration of the product:

Radiator System Redesign

One of the biggest user complaints with the S17 Antminer referred to the inefficient way the radiator operated when the device was overheating which often dumped heat directly onto the chips in some instances. The S19 solved this problem by replacing the several small radiators with a larger, more powerful singular radiator and physically attaching them to the device more securely with screws. The only con that can be seen with the new design is that they only attached the larger radiator to one side of the device as shown in the below image.

Thermal Interface Redesign

The second most encountered issue with the S17 was related to the thermal interface adhesive. At high temperatures, the TIM glue that was being used began to deteriorate and lose its original thermal transfer properties. Bitmain has fixed this completely in the S19 model, which now features a TIM paste on the chip side. This change single-handedly increased the thermal transfer between the chips and the fan making the average operating temperature of the S19 clock in at an optimal 77-78 degrees fahrenheit in an optimized room.

Power Supply Redesign

The third most common user complaint about the S17 was the failure of the power supply to the device; and while Bitmain repeatedly addressed this issue under warranty, the process was very time consuming. The new S19 edition device features a PSU APW12 v1.2 INPUT 200-240V 10A X2 C13 that will not start the fan if just a single power cable is connected, a great improvement over the last edition.

Firmware Dashboard Redesign

A welcome change to the latest Antminer miner was a completely overhauled firmware redesign for the S19 model; a common complaint being that previous interfaces looked very outdated and unprofessional. This modern and simplistic dashboard allows users to track the key metrics they need to closely monitor their hardware in order to maximize profit margins and efficiency.

Increase in Overall Profit Margins

Of course the biggest driving factor for the creation of the S19 model is obviously to put more crypto in the wallets of their users. The S19 outperformed the S17 at a two to one ratio, with the new specifications of 95TH +-3% 2500W 34J\TH.

In terms of profit, the S19 earns approximately 30% more than its predecessor at the current yield and cost of $0.05 per kw. Keep in mind, however, that the prices and returns, like the market, are constantly fluctuating.

The design changes and vast performance improvements to the Antminer S19 over the S17 show that Bitmain is at the forefront of Bitcoin mining technology. The new Antminer firmware and changes in device design and structure over the previous model will ensure a much more reliable and durable device over time. From doubling product performance to the 30% increase in average profitability, the next generation of crypto miners by Bitmain are made to continually improve the mining income of its users.