Bitmain To Start Selling New Bitcoin Miners

The world’s first consumer-grade 16nm ASIC miner and World’s most power- efficient bitcoin miner, Bitmain Technologies Ltd, is set to launch two new Antminer models into the bitcoin mining industry.

According to Bitmain, the new Antminer S15 and T15 machines which would go on sale from November 8, will be powered by its recently revealed 7nm ASIC (application-specific integrated circuit) processor.

A tweet on the company’s handle said on Tuesday, the new miners “possess industry-leading hash rates designed to mine with the SHA256 algorithm.”

It would be recalled that the firm’s CEO and co-founder, Jihan Wu, first made the announcement of the 7nm chip in late September and noted that it would be more energy efficient and powerful than older models.

While specs for the chip haven’t yet been released in full, Wu said during his original announcement that it would include “more than a billion transistors” and “achieve a ratio of energy consumption to mining capacity that its as low as 42J/TH.”

This is coming amid Bitmain’s push to raise funds via an initial public offering. It would be recalled that that the company officially filed for an IPO at the end of September, although pitch decks obtained by CoinDesk indicate some investors may have seen false information regarding the company’s funding status.

More so, it is expected that the company’s new processor will compete with a number of other bitcoin-focused ASICs, including a new 14nm chip announced the day before by Bitfury. Dubbed the Bitfury Clarke, the company’s latest product similarly claims to boost power efficiency specifically for the SHA256 algorithm as used by cryptocurrencies like bitcoin.

Comments (No)

Leave a Reply

Home | About us | Privacy Policy | Terms and Conditions | Advertise | Submit Post