Is Bitmain legit? Is it one that you can benefit from in the present-day world? Welcome to my review today, where we shall be answering these and more questions. The main objective is to help you know what Bitmain is here to achieve, whether it is genuine, or whether it is one that you can actually rely on or even recommend to your colleagues. The review will take the following structure:
- Is Bitmain Legit? (What is Bitmain?)
- What can the AI chips do for you?
- Services and products offered by Bitmain
- Which are the payment options that Bitmain supports?
- Is Bitmain Legit or Is It a Scam?
- Pros and Cons
Name of the company: Bitmain
Official Website URL: https://www.bitmain.com/
Overall Rating: (3 / 5)
Recommended: Yes ( For the products only- their customer support may not be quite helpful at times)
Is Bitmain Legit? (What is Bitmain?)
Bitmain exists as a multinational corporation that deals with semiconductors. The company, which is officially known as Bitmain Technology Holding Company, prides itself in the capability to design ICs. As of now, the company’s product offerings include:
- Cloud solutions for blockchain
- Artificial intelligence apps.
The company was founded back in 2013 and has its headquarters in Beijing. Its research and development centers are located in the USA, Singapore, as well as Hong Kong. Bitmain is rated amongst the world’s top fabless IC designers. It is also ranked second in China in the same category.
Bitmain’s focus on the manufacture of computing chips mainly arises from the objective to realize a better digital world. This is why it has invested heavily in the design of various chip processes, such as the 5-nanometer process. This company has managed to ship billions of ASICs to blockchain miners, accounting for close to ¾ of the global market.
Bitmain also takes pride in being one of the few companies in the entire world that can manufacture cloud-based AI chips. This has enabled its owners to facilitate the release of 4 generations of AI chips, making it one of the high-flying tech companies in the entire world.
What can the AI chips do for you?
Bitmain’s AI sensors have advanced tensor acceleration that is meant to help them achieve deep learning. In the present-day world, these chips can be utilized in several areas in our day-to-day life, including:
- Facial recognition
- Automatic driving
- Smart cities
- Smart governance
- Smarter security
- Medical services
Services and products offered by Bitmain
We’ve already highlighted some of the main products and services that you can expect from this company. Just to be specific, however, let us look at the very core offerings that make Bitmain a reputable company.
Antminer is perceived as one of the top ASIC mining brands in the entire world. It offers very high-quality products that are aimed at making crypto mining a possibility. Antminer’s products’ selling points are their superiority and their performance.
So far, several billions of Antminers products have been shipped out to the global market, where this brand is well-recognized and highly appreciated for enabling the growth of the blockchain industry.
This is one of the most advanced Bitcoin mining pools in the entire world. It offers technologies like AntPool Labs and Smart Pool , along with several other pool tools and features that play a huge role in making the mining experience as smooth and profitable as possible.
AntPool supports the mining of the following cryptos:
Individuals and firms seeking to go all out on mining are usually promised the following services by AntPool:
- Convenient management
- Transparency – in the earning process
- Prompt notices
- Stable and reliable services at all times
- Earnings calculator
- Management software
This a blockchain explorer that was launched back in 2015 to offer users the opportunity to view crucial information on the blockchain networks. BTC.com is also a high-ranking mining pool, that supports cryptos such as BTC, BCH, ETH, LTC, and many more.
The company under Bitmain that is in charge of developing AI cloud computing chips is known as Sophon. Sophon has remained an industry leader in the development of Artificial intelligence chips, that have found their uses in various industries that build products and services that support our day to day lives.
Which are the payment options that Bitmain supports?
Bitmain has its defined e-commerce platform, through which you can purchase or pay for the products and services that are being offered. All that you need to do is to create your account, then start exploring the site- the purchase process is simple and straightforward.
During the ordering process, you may pay for the products with:
- Bitcoin Cash
- USD Wire- This option is only available for the product purchases worth more than USD 600.
Not all payment methods work for all the products listed. You need to confirm the payment methods that are available for the product that you want to purchase by visiting the product page, then reading the details in the payment section.
Is Bitmain Legit or Is It a Scam?
With all the details that are available about Bitmain on the internet, it is only fair to say that it is legit. Some of its products, including AntMiner and AntPool are well-known on a global scope. Most crypto miners have used or are still using products produced or offered by Bitmain to go about the mining process. The quality and performance of the ASICs are quite impressive, as far as I can tell.
In my own estimation, Bitmain is a genuine company that is doing an impressive job at delivering products and services that accelerate the rate adoption of blockchain technology and cryptos with it. The nature of the customer services is the only area of concern, with Bitmain having an average consumer satisfaction rating of (2.3/5) stars on Trustpilot . Customers have complained about the support staff not being very friendly, which I think is something that most people would be wary of.
Pros and cons
- Quality products and services
- Poor customer services
Final Words and Verdict
Verdict : Legit
Overall Rating: (3 / 5)
Bitmain is a legit company that most crypto miners already recognize. Its products are quite excellent and reliable. A lot of effort has been channeled into the development of the latest cloud AI chips which are quite useful in the many other industries. I think you can get very great products from this company, but I am not very sure about the nature of the customer service. There are reviews that point to it not being quite reliable, and is something that can happen to anyone.
P.S: Can’t purchase the ASICs and start mining? Sign up on the platform recommended below and start purchasing your cryptos ( with funds in your bank account) instead.
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That’s all for my review about whether Bitmain is legit. I hope you got the answers you were looking for and that you will now know whether or not to rely on it. If you are not in need of what it is offering at the moment, then you can stop by my full review of my number one recommended crypto exchange.
Eric, Investor and Blogger at Start Make Stop Waste!