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Marathon and Riot compete for the title of largest Bitcoin miner in America

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Nevada-based cryptocurrency mining company Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs to become the largest mining company in North America.

The publicly traded company announced the purchase on October 26 and revealed plans to achieve an operational hash rate of 2.56 exahashes per second (EH / s) in July 2021 – 1.9% of the current hashing performance of the entire Bitcoin network.

Marathon Patent Group's planned growth in hashing power through July 2021: Globenewswire

The company had previously ordered 10,500 S19 professionals to reinforce the existing operations of 2,560 units.

With the exception of 500 miners due to arrive in November this year, the miners will be delivered in the first half of 2021 – with 4,000 units in January, 6,300 in February, 4,800 in March and 1,800 in April. May or June.

The race for the crown of North America's largest Bitcoin miner appears to be on. Riot Blockchain announced the purchase of 2,500 S19 professionals earlier this month to be deployed in December

By the time Marathon was announced, Riot Blockchain was aiming to become the best miner in the region with a target hashrate of 2.3 EH / s by June 2021, after purchasing 18,640 S-19s that year.

While Riot's current operational hash rate of 519 pentahashes per second (PH / s) currently exceeds Marathon's capacity of around 300 PH / s, Marathon expects to overtake Riot in April 2021.

Riot Blockchain Projected Growth in Hashing Power Through June 2021: Prnewswire

Texas-based company Layer 1 appears to have fallen behind in its attempt to claim 30% of the global hash rate. A US district judge denied the company's motion to dismiss a patent infringement suit from technology company Lancium.

Lancium claims that Layer1's mining operations are infringing a patent on a system that could shut down or restart data centers due to fluctuating electricity prices. Despite filing the patent in March 2020, Lancium claims that Layer1 uses the same system called "proprietary demand-response software".

"We appreciate Judge Albright's swift rejection," said Michael McNamara, CEO of Lancium, adding, "We look forward to the next stages of the case and ultimately to the opportunity to present our case to the jury."

Layer1 has not announced any capacity expansion since the lawsuit was filed.

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Melinda Martin