Bitmain to Lead the Mining Industry with its new 7nm Technology Miners

Bitcoin Mining

Bitmain, the world’s largest designer of ASIC chips is looking to improve the world of mining as we know it with the launch of its new S15 and T15 miners based on 7nm technology.

The company made this known in a tweet posted on its official Twitter page. The followed Canaan Creative’s announcement of its 7nm technology based AvalonMiner A911. According to Bitmain, the new miners will be capable of using SHA256 algorithm to mine Bitcoin.

The twitter post read:

“We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm. Two models will be offered, the Antminer S15 and T15. Available for purchase on 11/8.”

While Bitmain only said their new miners have “industry-leading” hash rates, hopes are high and they are expected to beat the 18 tera-hashes per second (TH/s) hash rate of Canaan’s AvalonMiner A911.

Mining especially for Bitcoin has been a bit stressful with the need for ASIC which are really expensive and energy consuming. The two miners are also expected to be more energy efficient than anything before it and consequently reduce the cost of mining.

Meanwhile Bitmain launched Overt-Asicboost which is meant to increase visibility and make transactions cleaner and easier. Since the release of the firmware last week, over 65 Asicboost blocks have been mined.

The interesting thing about the firmware is that it is used both on the Bitcoin and Bitcoin Cash networks and it is getting popular among mining pools. Some Bitcoin Cash mining pools that have started using Asicboost include Okminer, Antpool, BTC.com, Viabtc, Prohashing.

It appears as if Bitmain may be leading a revolution in the mining industry especially with its soon to be available S15 and T15 miners. However, only time will tell if the miners are as good as the company says they are.

 

Featured Image by: Shutterstock

About the Author

Ponny
the author Ponvang Bulus is a cryptocurrency enthusiast, investor and writer. He is interested in trending technical, regulatory and financial issues in the crypto space and loves to write about same.