Mining

New BTC mining chip offers 29% energy efficiency

Bitmain technologies is slowly living up to its promises for energy efficient mining chips. Today, the cryptocurrency mining hardware manufacturer has announced the development of a new BTC mining chip that will offer approximately 29 percent more energy efficient features than its predecessors.

The BM1397, as it has been named by Bitmain, will not only be energy efficient but it will also be smaller in size plus enhanced performance. The chip will be used to manufacture BCH and BTC mining hardware

In a blog post, Bitmain noted that:

[The new chip] achieves new feats in performance, chip area and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH), that use the SHA256 algorithm for their Proof of Work (PoW)… it can offer energy consumption to computing ratio as low as 30J/TH. This is a 28.6 percent improvement in power efficiency.

To achieve the qualities of the new BTC mining chip, Bitmain noted that engineers concentrated majorly on its circuitry, economics, and design. They have also attributed their success to their “deep understanding” of the leading semiconductor fabrication technologies available in the market today.

Bitmain has indicated that the new BTC mining chip will be used in the production of the S17 and T17 which are new Antiminer models still in the works. Bitmain will announce their release “at a later date.”

The news of a new BTC mining chip that consumes less electrical power comes at a time when most blockchain projects are shifting from energy-intensive mechanisms like the Proof of Work to mechanisms that do not rely on huge energy consumption like the Proof of Stake (PoS) mechanism.

Do you think BTC mining chips consuming less power will increase the profit margin of BTC mining activities?

Let us know your thoughts in the comments section below.

coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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