Pangolin Miner’s New 16nm Bitcoin ASIC Miner to Rival 7nm Crypto Mining Chips
Pangolin Miner Affirms Its 16nm ASIC Miners Will Compete With 7nm Rigs
There have been several companies entering the mining market recently. If you see the latest news, you can be sure that some of these new companies are not kidding around, they are bringing faster processing power and more optimized chips than many more popular companies.
One of these popular companies that are not so interested in the market anymore is Nvidia, which has just shown its new RTX 2080 to the world but it looks like it will be focused on the gaming market instead. However, companies like Pangolin are building their own way in the market.
Pangolin has recently released a new SHA-256 mining rig called Whatsminer M10. This new miner is able to have a speed of 33 trillion hashes per second.
The Whatsminer M10
The first mining rig of Pangolin Miner was the SHA256-based mining rig called Whatsminer M3. It has a maximum speed of 12 TH/s and a power consumption of 2000W. Now, the company has announced the new version of the miner, the Whatsminer M10, which was created to compete with the GMO Group’s B3 mining rig.
With a hash rate of about 30 to 33 TH/s and 2150W, this new miner promises to be very powerful. The first batch will be sold on September 20 and the second on November 20.
It looks like the miner will still use the old 16nm chips instead of the newer version like the 10nm and 7nm chips that some companies are using for their ASIC miners. With a 16nm architecture, the company updated from the 28nm chips of the predecessor, but it did not went so far as other companies.
However, the creators of the machine said that the mining rig is well optimized and that its structure can reduce costs and they will be able to be used even now what other companies have other models.
Most Of The Competitors Of The Whatsminer M10 Are Difficult To Acquire
As the M10 will compete with other similar miners like the GMO Group’s B3, Canaan’s Avalon miner A9, GMO Group’s B2 and Innosilicon’s T2 Turbo, something is apparent: most of these miners sell out fast.
Because of this, all these miners, which use 7nm and 10nm chips, are very powerful, but difficult to acquire and this can help the company when it is selling its products. Many other machines like Bitmain’s Antminer S9 have a hash rate of only 14.5 TH/s, so this appears to be a good option while other rigs are not available.
One of the reasons why there are not many SHA256 mining rigs with 7nm technology is that these semiconductor chips are difficult to acquire from the foundries. Because of this, many companies had issues to make more of them while this company will have the issues because it still uses 16nm chips.
For instance, Globalfoundries has stopped its 7nm chips and only TSMC is still making them. Samsung will enter the market soon and already produces 10nm chips, but will not be able to produce 7nm chips until 2019.
In a context like this, even with other companies having better products, there is a good chance that Pangolin will have a good amount of success with its new 16nm ASIC miner.