There are two good news that have struck the BitCoin mining industry.
Only several days ago Bitfury showed an innovative 14nm mining chip entitled Bitfury Clarke and now there is another great invention of 7nm application-specific integrated circuit (ASIC) processor. This chip will surpass the existing models thanks to the improved hashing power and lower energy consumption.
This powerful ASIC chip that can be used only on specific computers was presented by Jihan Wu, a co-founder of the Chinese firm located in Beijing, when he took part at the World Digital Mining Summit.
The SHA256 algorithm for mining cryptocoins of the Bitcoin group is used by a chip. Another task of this BM1391 chip is to power a Bitmain’s Antminer series of mining machines that will be soon released.
According to the data provided by the Company, this chip features an advanced semiconductor manufacturing technology entitled 7nm FinFET. Also, there are more than one billion transistors and great energy savvy characteristics. Wu explained that when the chip was tested, the ratio of consumed energy to mining capacity has achieved 42J/TH.
Despite the fact that the company has not provided any details about the ASIC specifications, Bitmain is planning to produce it in big volumes.
The release of 14nm Clarke chip from Bitfury has surprised many miners by its description: it guarantees the strongest performance and unsurpassed efficiency. If to speak about ASIC, its power efficiency will reach 55 mW/GH and a hashrate can rise up to 120 GH/s.
Another release of 7nm ASIC was announced by GMO in June yet and planned for October. The chip is developed for a fresh miner entitled the B2. The machine will be able to offer a 24TH/s hash rate and 1,950W energy consumption – it means 81W per 1 TH/s.