BitmainTo Unveil The Next Generation ASIC 7nm Mining Chip That Enhances Bitcoin And Bitcoin Cash Mining
In a press release published on 18 February, 2019 Bitmain Technologies announced its next generation 7-nanometer ASIC bitcoin mining chip that they said offers exceptional energy efficiency levels.
The next generation BM1397 chip
The next generation application-specific integrated Circuit, BM1397, has been designed to enhance performance, provide an improvement in chip size as well as improve energy efficiency in mining cryptocurrencies using the SHA256 algorithm as their proof-of-work such as bitcoin cash (BCH) and Bitcoin (BTC).
The ASIC is made using the 7nm FinFET process supplied by chip supplier Taiwan Semiconductor Manufacturing Company. The advantage of the BM1397 is that it will consume less energy compared to previous Bitman Chips. It will offer minimal energy consumption to computing ratio starting from 30J/TH.
In the release, Bitmain technology indicates that the chip will offer 28.6n% improvement in energy efficiency compared to the previous 7nm Bitmain chip BM1391. To achieve the desired effect the engineering team at Bitmain has exclusively customized the design of the chip to optimize its circuit, architecture as well as economics.
The company indicated that the next generation ASIC feature in advanced Antminer mining devices T17 and S17 that are scheduled to be detailed at a later date. The announcement comes at the back of the Bitmain revealing their recent Antminers T15 and S15 that are powered the BM1391 chip.
Besides their next generation chips, the company equally launched ASIC miner of ethereum and zcash in 2018. The progress led to ethereum's open source development community agreeing to implement new algorithms that could limit ASIC mining on the network subject to the approval of the ProgPow code.
Bitmain facing tough times
Cointelegraph has reportedly indicated that Bitmain has had difficult times recently because of a bearish market and the two class action litigations brought against the company. The Chinese company is said to have winded up its Israel blockchain development center as well as suspending operations in Texas. They have equally have had challenges in the Netherlands in recent times leading to reduced operations.
Japanese giant GMO internet group is also facing challenges because of thedecline in the crypto market and they revealed that they were leaving the Bitcoin Mining sector. Equally, Nvidia the U.S. gaming and computer hardware maker has also been affected because of the lack of demand for crypto mining components.