[Breaking]: Bitmain 7nm Bitcoin ASIC Mining Chip “BM1391” Announced,

Bitmain Announces a New Generation ASIC Mining Chips

Bitmain, one of the most important cryptocurrency mining companies in the market, announced that it will be launching a new generation of ASIC chips. The information has been revealed on September 21st in a blog post.

Bitmain Releases New Chips

Jihan Wu, CEO and cofounder of Bitmain, has just announced a new ASIC chip known as BM1391 that can be used to mine cryptocurrencies that use the SHA256 algorithm. During a speech at the World Digital Mining SUmmit in Georgia, Mr. Wu said that the market will soon see new mining machines that will have the brand new BM1291 chip.

This new ASIC SHA256 algorithm acceleration chip will be one of the most technologically advanced in the market. This chip will integrate more than a billion transistors and has been optimized for maximum efficiency. In this way, it will be much more powerful, stable and efficient.

According to Mr. Wu, the ratio of energy consumption to the mining capacity will be as low as 42J/TH.

The mass production of the 7nm chip will begin very soon and it will be applied to the next generation of Antminer machines. With it, miners will have improved performance such as reduced power consumption.

Jihan Wu talked about blockchain technology and how it has been developed during the last years. However, he mentioned that it has experienced several difficulties and that the market is trying to build applications around distributed ledger technology (DLT). Moreover, he commented about scalability issues and that blockchain will need to have greater capacity in data processing.

Bitmain has been working in many different chips that launched to the market in different occasions. Since 2016, the company is an industry leader and a key player in the virtual currency market. Bitmain’s Antminer series are one of the most successful hardware devices in the cryptocurrency world.

The latest release consolidates Bitmain’s position in the market, which has been questioned in the last months due to several factors. In a bear market that the cryptocurrency market is experiencing since the beginning of the year, it will be important to follow how this new product will be received by the mining community.

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