Bitmain announces the launch of next-generation 7nm ASIC chip
In an interesting development on Monday, crypto mining giant Bitmain announced its latest and next generation 7nm ASIC chip BM 1397, according to its official blog. As per the blog, the chip has been designed to achieve greater efficiency in performance, chip area and much-improved energy efficiency for mining cryptocurrencies like Bitcoin [BTC] and Bitcoin Cash [BCH] which currently use the SHA256 algorithm for their Proof of Work (PoW).
This latest offering from the stable of Bitmain will consume less energy and it will be 26.8 percent improvement on its predecessor, Bitmain’s previous 7nm chip, the BM1391. The team at Bitmain has worked diligently to cut down on costs and come up with a design that is meant to optimize its architecture, circuit, and economics associated with this new chip. This latest chip is made using TSMC’s 7nm FinFET process and is a major improvement on the last one.
This latest BM 1397 is a testament to Bitmain’s expertise in chip design methodology and deep understanding of the most advanced semiconductor fabrication technologies. The blog further notes that the development of Bm 1397 highlights Bitmain’s on-going commitment to the development of high-performance computing chips and is a part of its aim to help advance the cryptocurrency ecosystem.
The BM1397 chip will feature in new Antminer models the S17 and T17 that will be announced by the company at a later date.
In a development that came as a surprise for the crypto mining giant, Hong Kong Exchanges and Clearing (HKEx) chief executive Charles Li Xiaojia, speaking at the World Economic Forum in Davos in January said that companies which are seeking to go public should maintain a certain amount of consistency in their business models. His comments came in reply to questions regarding the status of IPO application filed by Bitmain.
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