Mining Giant Bitmain to Release New-Generation ASIC Chip

Beijing-based mining behemoth Bitmain is going to release a new generation ASIC mining chip BM1391. Their new chip is designed for crypto based on the SHA-256 algorithm

Fri, 21/09/2018 - 19:09

Mining Giant Bitmain to Release New-Generation ASIC Chip

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According to Bitmain CEO Jihan Wu, the Beijing-based mining behemoth is going to release a new generation ASIC mining chip BM1391. Their new chip is designed for cryptocurrencies that are based on the SHA-256 algorithm.

Bitmain states that the new chip is the most efficient up to date. Wu reveals that its energy consumption will not exceed 42J/TH.

The detailed characteristics of the new ASIC are yet to be revealed by the company. However, it is already confirmed that Bitmain is moving forward with the mass producing of the chip that will be powering the new Bitmain's Antminer series.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.