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A Mining Rig that Offers 440 TH/s New Bitcoin Mining Device: Miners Question its Legitimacy

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device

The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32 exahash per second (EH/s) of SHA256 hashpower. There has been disbelief in the crypto community about whether the claims of hashrate speed are true.

Numiner NM440 Revealed, Manufacturer Claims Device Boasts Speeds Up to 440 TH/s

A number of crypto supporters have been talking about a new bitcoin (BTC) miner that claims to process speeds that are higher than any mining rig on the market today. Furthermore, the machine called the Numiner NM440 series, allegedly processes at higher hashrate speeds than Bitmain’s upcoming models. That’s because the Numiner NM440s reportedly produces 440 TH/s, in comparison to the Bitmain Antminer S19 XP (140 TH/s) and the Antminer S19 Pro+ Hyd. (198 TH/s).

In addition to the newly announced mining rigs, a publicly-listed firm called Sphere 3D (Nasdaq: ANY) has announced it has purchased 60,000 Numiner NM440s. According to the press release, Sphere 3D will “receive 12 pre-production NM440s for final evaluation and testing to [be] completed on or before June 1, 2022.”

Sphere 3D, the data management firm that is merging with bitcoin miner Gryphon Digital Mining in a SPAC transaction, has signed a deal with mining computer maker NuMiner Technologies to purchase 60,000 its high-end NM440 machines for $1.7 billion@Sphere3D

— PANONY (@PANONYGroup) February 4, 2022

After a final evaluation, more batches will be shipped to Sphere 3D with the option to purchase an additional 26.4 EH/s of machines. The current deal of 60,000 NM440s cost Sphere 3D $1.7 billion, according to the company. Sphere 3D’s stocks saw a rise after the announcement, jumping 30% higher.

We launched with ~$1.7B in sales to preferred customer @Sphere3D. With only 60,000 machines, @Sphere3D will be one of the largest bitcoin miners in the global bitcoin mining industry. Learn more: https://t.co/kLQpNqhHhQ

— numinerglobal (@numinerglobal) February 4, 2022

According to Numiner’s website, the firm says the flagship NM440 is “the world’s most powerful and environmentally friendly miner.” In addition to the massive 440 TH/s, the specifications claim a single NM440 gets an efficiency rating of 20.2 joules per terahash (J/TH). The web portal claims the machines give a 75% reduction in energy consumption and the firm further insists if “all bitcoin miners deployed the NM440, global bitcoin mining energy consumption in 2021 would drop from ~121 terawatt-hours (TWh) of electricity1 to ~30 TWh.”

Luxor Mining Says ‘Reported Specs Are Highly Dubious’

While the specs are superior to most machines on market, people are still curious about the company and are asking questions. Poolin’s Alejandro De La Torre tweeted about the new miner and said: “Never heard of these guys before.” Luxor Mining tweeted about the announcement as well and on Twitter it asked its followers if people thought it was legit.

“Numiner came out of nowhere and announced a 444 TH/s miner with an efficiency of 20.2 J/TH,” Luxor Mining said. These specs would make it an industry-leading ASIC. We think this thing ?”

is legit?

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
Screenshot from the Numiner website.

Luxor Mining continued to be skeptical and further said: “Jokes aside regarding the Numiner NM440: When we saw Gryphon’s preorder yesterday, we were highly skeptical but gave the rig the benefit of the doubt due to Gryphon’s press release. That said, there are too many red flags for us to regard the NM440 as a legitimate product,” the mining operation added. Luxor Mining added:

The NM440’s reported specs are highly dubious, as are Numiner’s marketing materials. There is very little information about Numiner’s team and development. We cannot attest to its validity and warn our followers not to use it.

Wu Blockchain, a Chinese journalist, also discussed the Numiner project on February 3. “Numiner announced its new bitcoin mining machine NM440, uses TSMC chips and cooperates with Foxconn and Xilinx, the highest 440T in history and 20.2 J/T. Sphere 3D has committed to buy 60,000 NM440 for $1.7 [billion]. (The authenticity of the data is questionable),” Wu Blockchain said.

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
Screenshot from the Numiner website.

The website states that the Numiner models were produced in collaboration with TSMC and Foxconn. While many questioned the legitimacy of the project, others made jokes about the pictured unit’s Mountain Dew colors, aesthetics and features.

Meanwhile, the bitcoin miner Gryphon Digital Mining’s special purpose acquisition company (SPAC) deal was reported on by Coindesk in mid-November 2021. The publication further covered Sphere 3D’s acquisition of 60,000 mining rigs from Numiner on Thursday. Gryphon tweeted on February 3, and said that the mining operation was “excited at the prospect of working with Numiner as our pending merger partner, Sphere 3D.” Interestingly, Sphere 3D hasn’t tweeted since February 14, 2019.

What do you think about the Numiner NM440? Is the company likely to produce the most powerful Bitcoin miner in the world? Comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or related to the use or reliance of any content, goods, or services in this article.

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Borroe Finance draws attention in presale as Ethereum and BNB investors seek new opportunities

Ethereum (ETH) and Binance Coin (BNB) are among the best altcoins in the crypto industry, and investors will always have them in their portfolios. Even though these tokens are currently bullish, they will probably not deliver a triple-digit ROI to investors in 2024.  As a result, savvy investors turned to a fast-growing crypto token called Borroe…


Ethereum (ETH) and Binance Coin (BNB) are among the best altcoins in the crypto industry, and investors will always have them in their portfolios. Even though these tokens are currently bullish, they will probably not deliver a triple-digit ROI to investors in 2024. 

As a result, savvy investors turned to a fast-growing crypto token called Borroe Finance ($ROE). Keep reading to see expert opinions and forecasts on these tokens.   

Standard Chartered predicts a May Ethereum Spot ETFs approval

On January 30, analysts at Standard Chartered (one of the world’s leading financial institutions) predicted that the US SEC may approve Ethereum Spot ETFs by May 23. According to Geoff Kendrick (head of Digital Assets Research at SC), Ethereum will likely mirror BTC’s price movement in the weeks leading up to SEC’s approval for BTC Spot ETFs. Therefore, Kendrick predicts that ETH could trade for $4,000 before its approval.

Thanks to this positive Ethereum crypto news, ETH recorded a minor price surge in the last week of January. On January 24, ETH traded for $2,230. A week later, ETH gained 4.89% and sold for $2,336. According to crypto analysts, Ethereum may likely be one of the best crypto investments in 2024 due to landmark activities in the blockchain industry. BTC halving comes in April, and the resulting market volatility will likely push ETH to $3,200.

Binance Coin surges amid groundbreaking partnership

On January 27, Laika AI (one of the world’s best DeFi research platforms) announced a partnership with Binance Coin Greenfield. Binance Coin Greenfield is a sub-chain of the BNB chain built to provide a decentralized data storage system and thriving web3 data economy to the blockchain industry. In other news, Crypto Slam recently revealed that Binance Coin Chain NFT sales shot up by 688% in the last week of January.

Thanks to these favourable ecosystem developments, BNB went bullish in late January. On January 24, BNB traded for $292. Seven days later, BNB gained 4.84% and sold for $307. According to crypto experts, BNB is primed for a price surge in Q1 2024 because retail crypto traders will return to accumulate altcoins during BTC’s halving in April. Therefore, BNB will likely trade for $325 by March 2024.   

Investors back $ROE, presale raises over $2.7M in four stages

Borroe Finance ($ROE) is the world’s first web3 blockchain invoice discounting NFT marketplace. As a decentralized fundraising marketplace, Borroe Finance allows web3 businesses to raise instant cash by minting future earnings into NFTs and selling them to supportive communities at discounted prices. To ensure the safety of the fundraising process, Borroe Finance incorporates AI-risk assessment and efficient payment solutions into its protocol.  

$ROE’s fourth presale stage is ongoing, and the token is selling for $0.019. So far, $ROE has completed 85.7% of its current presale stage, and the platform has raised over $2.7 million. When all presale stages conclude, $ROE will surge to $0.040 and deliver a massive 110.5% ROI to early investors. Furthermore, experts believe $ROE will record quick market acceptance in 2024 and likely trade for $0.190 by the end of the year.  

To learn more about Borroe Finance, visit Borroe Finance Presale, join their  Telegram Group, or follow Borroe Finance on Twitter


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Why experienced investors are turning to NuggetRush amidst the meme coin frenzy?

Shiba Inu burned billions of tokens in January. BONK could fall further amid growing competition from meme coin rivals. NuggetRush (NUGX) could become the most in-demand play-to-earn network after its 80% price increase. The price of SHIB is still struggling despite over 9 billion SHIB tokens being burned by Shiba Inu in January 2024. On…


  • Shiba Inu burned billions of tokens in January.
  • BONK could fall further amid growing competition from meme coin rivals.
  • NuggetRush (NUGX) could become the most in-demand play-to-earn network after its 80% price increase.

The price of SHIB is still struggling despite over 9 billion SHIB tokens being burned by Shiba Inu in January 2024. On the other hand, competition from other meme coins could push BONK down in the market.

Now, investors see NuggetRush (NUGX) as a last hope to secure stable returns and gold rewards. The project has sold nearly 169 million tokens. Yet, can NUGX become a better investment than top altcoins like SHIB and BONK? Let’s hear from market experts.

NuggetRush: matching expectations with high-value gold rewards

Speculation in the NFT gaming industry is rising NuggetRush prepares to launch the first-ever blockchain mining game. While gamers are thrilled by the prospect of an immersive strategy-based game, investors and crypto enthusiasts are more excited about earning NFT rewards that can be traded for real gold.

NuggetRush players primarily aim to become the game’s best miners and sit atop its leaderboard. To achieve this, players will set off on their journey with only miners and equipment while upgrading them as they progress. 

With better NFT characters and machinery, a player’s mining efficiency will increase, boosting their chances of completing quests and earning financial rewards.

As for wealth-building, NuggetRush (NUGX) offers staking and trading of NFT assets. Rare in-game rewards called RUSHGEMS can be swapped for real-world gold at the game’s P2P marketplace. On the other hand, NuggetRush (NUGX) players can earn up to 20% APY rewards by staking their NFT assets.

NuggetRush is now in the last phases of its presale, and investors have already swooped up over 168 million NUGX tokens. In that time, NUGX’s price has risen by 80%, moving from $0.010 in round one to $0.018 by round five of its presale. 

Investors are already anticipating another 11.1% rise to $0.020 as NUGX is gearing up for its listing. Furthermore, it is showing strong signs of becoming one of the top DeFi projects.

Shiba Inu burns 9 billion tokens

Shiba Inu has kept its word of increasing the SHIB burn rate in 2024. Reports from ShibaScan show that Shiba Inu has burned over 9 billion tokens in January 2024. It comes amid the widespread bearishness that has suffocated the progress of many altcoins. 

Shiba Inu (SHIB) has also succumbed to the bearish pressure. As of January 1, SHIB traded at $0.00001069. It fell by 10.9% to $0.000009516 on January 17. SHIB fell by 6.8% to $0.000008861 on January 25, before recovering by 3.8% to $0.0000092 by January 30.

Shiba Inu (SHIB) first unveiled its policy of increased token burns in late 2023, following the launch of Shibarium. 

Furthermore, Shibarium’s network activity has risen since the end of 2023, increasing demand for Shiba Inu’s services. This could push Shiba Inu’s SHIB token up by 52.3% to $0.00001402. Analysts say Shiba Inu’s (SHIB) increased token burn rate could make it one of the top crypto coins.

BONK expects competition from meme coin rivals

BONK has enjoyed spectacular growth in the past few months. Yet, the network is gearing up for a possible downturn amid competition from community-driven meme coins. In late January 2024, meme coin investor sentiment rose for networks like Dogwifhat.

Despite the market-wide price drop-off, BONK remained very popular among many crypto users. It traded at $0.00001494 on January 1. BONK jumped by 19.5% to $0.00001202 on January 18 before falling by 6.3% to $0.00001126 on January 30.

BONK could rise further if the meme coin sector reaches its 2023 highs. The network has already upgraded its mobile wallet features to allow smooth and seamless trading of tokens. This could further boost BONK’s trading activity while pushing its price to $0.00001509.

For more information bout the NuggetRush presale, visit the NuggetRush Presale Website.


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Former Coinbase CTO Balaji Srinivasan: Bitcoin Is a ‘Political Revolution’

Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who [……
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