Bitmain Announces New 7nm Bitcoin Mining ASIC Chips ‘BM1397’, Affirms They Are More Efficient

Bitmain Announces New 7nm Bitcoin Mining Chips, Affirms They Are More Efficient

These days, everybody wants to have a powerful mining rig if they are into mining. Profits are going down, so you need a piece of good equipment in order to still be profitable. In order to cater to these people, Bitmain has decided to launch its new 7-nanometer (7nm) Bitcoin mining processor.

According to the mining manufacturer giant, this new ASIC miner will be called BM1397 and it is said that it highly improves the performance when it mines proof of work currencies that use the SHA256 algorithm, such as Bitcoin (BTC) and Bitcoin Cash (BCH).

The official announcement from Bitmain affirms that the chip was created using a FinFET process and that the company was able to create a device that spent less energy and was more efficient and could use as low as 30J/TH.

Bitmain has affirmed that the efficiency of this new product is at least 28,5% higher than their last chip in the best case scenario, which means a lot. The new Antminer mining devices of Bitmain, S17, and T17, will use this chip. These miners were first revealed back in November last year, but they were not launched yet.

Other Launches

Bitmain has also decided to launch some other ASIC miners for other tokens which do not use the SHA256 algorithm, like Zcash (ZEC) and Ethereum (ETH).

In fact, the development of Ethereum ASIC miners has caused the Ethereum community to urge its developers to block ASIC miners from mining tokens.

A new update called ProgPow was created for this, but it was not launched at the moment of this report and it looks like it is still far from being a consensus in the community.

https://bitcoinexchangeguide.com/bitcoin-btc-ethereum-eth-xrp-ripple-and-bch-price-analysis-watch-feb-18th/