Bitmain to Begin Selling New Bitcoin Miners Later This Week

Bitmain is launching two new Antminer fashions focusing on the bitcoin mining business.

The crypto {hardware} manufacturing large introduced Tuesday that the brand new Antminer S15 and T15 machines shall be powered by its lately revealed 7nm ASIC (application-specific built-in circuit) processor, and can go on sale on Nov. 8.

The new miners “possess industry-leading hash rates designed to mine with the SHA256 algorithm,” in accordance to a tweet from the corporate.

The 7nm chip was first announced in late September by Bitmain CEO and co-founder Jihan Wu, who stated it will be extra vitality environment friendly and highly effective than older fashions.

While specs for the chip have not but been launched in full, Wu stated throughout his unique announcement that it will embrace “more than a billion transistors” and “achieve a ratio of energy consumption to mining capacity that its as low as 42J/TH.”

Details on the brand new Antminers are additionally sparse, with a holding web page on the corporate’s web site providing no info at press time.

Bitmain’s announcement comes amid its push to increase funds through an initial public offering. The firm formally filed for an IPO on the finish of September, though pitch decks obtained by CoinDesk point out some buyers could have seen false information relating to the corporate’s funding standing.

Funding makes an attempt apart, the corporate’s new processor will compete with quite a lot of different bitcoin-focused ASICs, together with a brand new 14nm chip announced the day earlier than by Bitfury. Dubbed the Bitfury Clarke, the corporate’s newest product equally claims to increase energy effectivity particularly for the SHA256 algorithm as utilized by cryptocurrencies like bitcoin.

In associated information, Bitfury revealed earlier in the present day that it is simply closed an $80 million funding spherical that noticed Mike Novogratz’s Galaxy Digital investing.

Computer chip picture through Shutterstock

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