Japan Crypto Startup Triple-1 Releases Kamikaze 7nm Bitcoin ASIC Mining Chip
Japanese Startup Launches 7nm Mining Chip Dubbed ‘Kamikaze’
There are many different companies in the mining industry that are moving and starting to produce new mining chips. In order to compete against Bitmain, the Japanese start-up Triple-1 announced it will launch a new advanced 7 nm chip.
The company established in November 2016 has developed the Kamikaze semiconductor chip which has been specifically designed to use in bitcoin mining machines. This chip will be applying 7 nm chips, allowing it to be several times denser than the traditional 16 nm mining chips used by other companies.
In a press release, the company said that if they want to be the best in the industry they cannot make 16nm or 12nm chips, but instead, they need to produce 7 nm chips. According to the company, the processing capacity of these new chips is twice as much as that of the S9 created by Bitmain.
Bitmain is one of the most important and known cryptocurrency mining companies in the market. It is located in China and it is supposed to have 70% of the current mining market. However, in the last months, new firms are releasing even more powerful chips that are reducing the company’s dominance in the market.
TRIPLE-1 started developing its chip back in February 2017. The physical design was completed in February 2018. Later on September 11, 2018, the firm decided to release the performance results of the Kamikaze chips. The chips were able to reduce 50% energy and power consumption and maintain the same hash rate.
The company could start to deliver these mining machines by the end of November 2018. At the same time, in Japan, GMO Internet launched the GMO miner B2 back in May.
The GMO miner B2 is equipped with chips using 7 nm process technology. The company is going to start delivering these miners at the end of October. Due to the fact that GMO Internet recorded an operating loss for the second quarter of this year, they announced that they will be re-focusing their business on selling in-house developed mining machines.
Japanese companies are expanding into the crypto mining market and are showing very powerful products. This is not good for Bitmain that filed an initial public offering (IPO) application with the Hong Kong stock exchange back on September 26.
At the same time, Bitmain will be releasing a new generation of mining chips known as 7nm BM1391 ASIC chip. However, the firm needs to confirm the shipping date for these machines with the new chips.