Just days after Bitfury unveiled their new crown jewel in the form of the Bitfury Clarke, Bitmain fired back with the reveal of their new 7nm ASIC which they claim has better hashing power and energy efficiency.
The new ASIC was announced on Friday, September 21, by Bitmain CEO and Co-Founder, Jihan Wu. Wu made the reveal at the World Digital Mining Summit in Tbilisi, Georgia.
The new ASIC chip, called the BM1391, uses the SHA256 algorithm to mine cryptocurrencies and will be used to power an upcoming range of Bitmain’s flagship line of bitcoin miners, the Antminer series, a blog post further reveals.
Bitmain says the new ASIC uses an advanced manufacturing technology called 7nm FinFET, the technology integrates “more than a billion transistors” and is optimized for energy efficiency. Wu also claims, in tests, the new ASIC can achieve a ratio of energy consumption to mining capacity as low as 42J/TH.
While Bitmain is yet to release a detailed specification sheet for the ASIC, the firm states they are now working on mass-producing the new ASIC chip.
Aside from Bitfury and Bitmain, Japanese firm GMO has also thrown its hat into the crypto mining race with their unveiling in June of their 7nm ASIC, scheduled to launch in October 2018.
Interested in other blockchain innovations and the latest in cryptocurrency news? Head over to our cryptocurrency news site for more.