Bitmain Unveils Its Newest Mining Processor for Bitcoin

cryptocuser 2 min read 203

Bitmain Unveils Its Newest Energy-Efficient Mining Chip for Bitcoin

“The newest BM1397 chip requires lower energy and can supply an energy consumption to calculating ratio as low as 30J/TH.

Past energy efficiency, the new mining chip promises to attain faster performance for mining cryptocurrencies which use the SHA256 algorithm due to their evidence of job (PoW), including Bitcoin and its own hard forks.

Safety lead of this Ethereum Foundation, Martin Holst Swende, had noted that implementing the code change could quicken the community 's transition into a algorithm, by which ether is mined by staking coins, not by burning energy.

China-based mining giant Bitmain has declared a new mining rig which uses less electricity. The hardware mining maker has established a 7nm application-specific integrated circuit (ASIC) chip dubbed the BM1397.

Operations have been shut down across the planet since it has been less profitable to mine bitcoin with energy costs that were fixed and prices this past year Considering that the market crashed. Bitmain, that has had issues of its own, touts its BM1397 as a solution. The newest 7nm bitcoin mining chip will contain in Bitmain's soon-to-be-released Antminer mining channels — both the S1f7 and T17.

Published at Mon, 18 Feb 2019 21:53:39 +0000

An announcement from Bitmain about its website reads:

Bitmain also unveiled a mining rig for the Equihash algorithm used by crypto Zcash along with an ASIC miner that was Ethereum-focused calendar year.
At the moment, the development of ASIC miners prompted Ethereum's center programmers to agree to execute a brand new ASIC-blocking algorithm, even programmatic evidence of job (ProgPoW), that restricts the mining hardware to the community.
Like the BM1391 chip which came earlier, the BM1397 is going to probably be powered by the innovative semiconductor manufacturing technology called the 7nm FinFET process, integrating more than a billion transistors and “optimized for optimum efficiency.”