Bitcoin Mining Leader Bitmain Releases New SHA256 7nm Miners

Bitmain Announces New Set of SHA256 7nm Miners to be Released on 11/8

Bitmain, a Bitcoin mining giant behemoth, has officially announced the release of two new 7 nanometer (nm) SHA256 miners from their Antminer crypto machines. The company has tweeted the announcement on November 5.

According to what the company has already affirmed back in September, these new SHA256 miners will use next-gen application-specific integrated circuit (ASIC) chips. They will use the 7nm Finfet semiconductor technology and will accelerate the results that you can have to mine BTC. The new models will be available after November 8, according to Bitmain.

Jihan Wu, the CEO of Bitmain, has affirmed recently that he has outlined a new chip that will be used to integrate over a billion transistors and that by using a special circuit structure and a low power-intensive tech he will be able to greatly optimize the efficiency of the mining machines. According to him, the new chip can achieve a high ratio of energy generation.

The company has also announced recently a new firmware update for the Overt AsicBoost technology that is being used in Antminer models and that is supposed to increase their effectiveness.

Bitmain Has Competition

While the company was the undisputed king of crypto mining some months ago, now other companies are threatening its rule. For instance, the Bitfury Group has unveiled its own 14nm ASIC chip named Bitfury Clarke. This miner is also used to mine Bitcoin.

The equipment will allegedly have a hash rate of 120 gigahashes per second and a power efficiency was low as 55 millijoules per gigahash.

Bitfury has raised over $80 million in a closed funding round that was led by Korelya Capital recently, a venture capital company from South Korea. It looks like this company might just be the main one in the way of Bitmain now.

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