MicroBT To Launch M30S Bitcoin Mining Rig, More Energy Efficient Than Bitmain's Antminer S17 PRO

MicroBT, a crypto-mining chip maker based out in Shenzhen province of China is all set to launch its latest version of Bitcoin mining rigs. The new miner would be called Whatsminer M30S. The new machine is speculated to be highly efficient with an outstanding output of 81 tera hashes per second and consumes only 38 watts per tera hash output.

Wu Gang, CEO of crypto wallet Bixin and also a shareholder in MicroBT announced it on the popular Chinese chat app WeChat claimed that the latest Bitcoin mining rig would be superior to the market leader Bitmain's flagship model Antminer S17 Pro in terms of power consumption.

Bitcoin mining machines have come a long way from the early days when a CPU processing unit was more than capable of mining, however, as Bitcoin became valuable with years and the mining became popular the mining difficulty increased. Thus people started using GPU card-based mining rigs which were later replaced by the ASIC chip. These mining rigs are known for consuming heavy electricity and thus power consumption becomes an important aspect of these machines.

The M30S make use of Samsung's 8nm chips which has been a cause of concern given Samsung is only allowed to import a limited amount of these chips due to ongoing Japan- South Korea trade war.

The founder of MicroBT Yang Zuoxing was a former processor designer at Bitmain before starting his own company in 2016. Zuoxing was also behind the designing of Antminer S7 and S9. Since its inception, MicroBT has been giving a great competition to Bitmain with its efficient hardware design and manufacturing.

Some of its most well-known mining rigs include its 2017 M3 model which gave a tough competition to Antminer S9, the flagship model with the highest popularity at that time. MicroBT's M10 and M20 models in the following years proved to be more power-efficient than Bitmain's flagship models.

Yang's former ties with Bitmain have often been the cause of friction between the two firms in the past, where Yang was once sued by his former employer for infringement of one of its patents which was later revoked in 2018.

MicroBT's Success could be based on Intellectual Property Theft

MicroBT's success speaks for itself and many believe its founder Yang's hard work and dedication have a major role, but many others have claimed that the success is based on blatantly copying Bitmain's business model and some of their trade secrets as well.

There have even been rumors that Yang took away all the S9 codes with him while leaving Bitmain, and the lapse happened mainly because Bitmain hardly paid any attention towards security measures against such kind of intellectual theft. It was claimed that Yang not only took away the first but also leaked it to other mining manufacturers, which caused heavy market losses to Bitmain. Whatever may be the case MicroBT is proving to provide much efficient mining, machines over the years.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
James W
James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,486FansLike
2,795FollowersFollow
4,267FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

IRS to Revise Form 1040 to Make it Harder for Traders to Escape Crypto Tax Obligation

The Internal Revenue Service is planning to change the 2020 tax form and make sure all taxpayers report about their cryptocurrency transactions. The standard 1040...

China State-Owned Media Covers Crypto as 2020’s Best Performing Assets Driven by DeFi & Weak Dollar

In an unusual coordinated report on Friday, several Chinese state-owned media covered cryptocurrencies, calling them the best-performing assets of 2020. The country’s top broadcaster, China...

Crypto Exchange Gemini Makes an Aggressive Move, Adds 15 Hot DeFi Tokens

DeFi is all the rage in today's crypto world, and no one wants to be left behind, especially cryptocurrency exchanges. Over the past few months,...

Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per...

KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today