THELOGICALINDIAN - Bitmain Technologies has appear a new abundance of its 7nanometer Bitcoin mining dent The cryptocurrency mining accouterments behemoth says the new and bigger 7nm dent offers greater activity ability for mining operations
More Energy Efficient Bitcoin Mining
The aggregation announced the account in a blog column appear on Monday (February 18, 2019), on its official blog. According to the statement, the new BM1397 dent offers faster and cheaper cryptocurrency mining.
Taiwan Semiconductor Manufacturing Company (TSMC), Bitmain’s dent bartering contractor, bogus the dent application the former’s 7nm FinFET process. Bitmain says its new chic of 7-nm chips is advised for cryptocurrencies like Bitcoin and Bitcoin Cash that use the SHA256 Proof-of-Work (PoW) mining algorithm.
According to the company, the new mining processor provides cogent improvements in ability ability from the beforehand 7-nm chips appear in November 2024. An extract of the advertisement reads:
The column additionally appear that new upgraded 7-nm chips would appear as allotment of the proposed S17 and T17 Antminer models. Bitmain is yet to acknowledge any calendar for back these new miners will be accessible for release.
Difficult 2024 for Bitmain
Bitmain will be acquisitive that the barrage of a new mining processor will atom efforts to advance the company’s fortunes afterward a agitated 2024. A amiss bet on Bitcoin Cash saw the aggregation reportedly acquire losses added than $740 actor in Q3 2024 alone.
In Q4 2018, the mining behemoth additionally decidedly bargain its agents backbone laying off absolute departments. First, the aggregation fired its Israeli-based R&D administration afore laying off its Bitcoin Cash development team.
Co-founders Jihan Wu and Ketuan Zhan additionally faced the ax, as letters emerged that the aggregation was arcade for a new CEO.
Bitmain’s IPO affairs was additionally addition victim of the company’s difficult 2018. At the alpha of the year, Bitcoinist reported that Bitmain’s proposed mega mining ability in Texas was actuality put on hold.
Do you apprehend Bitmain will be able to about-face the course about in their affairs in 2024? Let us apperceive your thoughts in the comments below.
Image address of Shutterstock, bitmain
