Bitmain Announces Next-Generation Antminer Equipped With 7nm Chip


#1

At the World Digital Mining Summit in Tbilisi, Georgia the blockchain firm and mining manufacturer, Bitmain Technologies, announced a new Antminer will be launched soon equipped with 7nm semiconductor technology. The firm’s CEO Jihan Wu reported that Bitmain’s next-generation ASIC BM1391 Finfet chip integrates more than a billion transistors for optimal SHA256 mining performance.

Bitmain Announces the Production of New Antminers With 7nm Technology

Bitmain Announces Next-Generation Antminer Equipped With 7nm Chip

Over the past few months, a slew of new SHA256 mining rigs and new semiconductors have been revealed to the public. New mining rig models with far better performance and efficiency are being manufactured by GMO Group, Canaan, and other companies. Bitmain Technologies has been releasing new miners, but most of them have been for different consensus algorithms and not SHA256. The last Bitcoin (SHA256) miner the company revealed was a new water-cooled Antminer that focuses more on operation longevity. On Friday, the firm’s CEO Jihan Wu made an announcement at the World Digital Mining Summit in Tbilisi, Georgia, revealing the next Antminer is coming soon.

On stage, Mr. Wu explains that Bitmain has created a new 7nm semiconductor that integrates more than a billion transistors called the BM1391 chip. According to the company the 7nm Finfet design is built for maximum efficiency. Mr. Wu emphasizes the new model creates a circuit structure that can process a significant hashrate while keeping low energy at the same time. According to BM1391 tests, Bitmain notes the ratio of energy consumption to the mining capacity is as low as 42J/TH.

Bitmain CEO Jihan Wu announces the manufacturing of new Antminers equipped with 7nm chip technology at the World Mining Summit in Tbilisi, Georgia .

Blockchain Innovation Bolstering Hardware and Software Acceleration

Mr. Wu also detailed during his keynote speech at the summit, the firm will begin mass production of the new 7nm equipped Antminers. The Bitmain CEO explains he is a big believer in blockchain technology and as “applications continue to develop, the industry’s market capitalization as a whole will drive growth.” This, in turn, produces better data processing, and hardware and software acceleration tethered to this innovative protocol, Mr. Wu explains at the summit. Mr. Wu notes the competitive process Bitcoin has unleashed on the mining industry in particular.

Mr. Wu declared on stage at the summit:

Even if someone makes a better chip in the future, we will make a better one. Bitmain will continue to develop the best ASICs in the world.

As we mentioned above, there’s been a bunch of new chips and SHA256 mining rigs announced this year, and just recently we also reported on the significant demand for 10nm and 7nm semiconductors. Limited availability has made 10nm and 7nm chips harder to obtain, but it seems Bitmain has been able to gain access to the next generation 7nm tape out process with one of the large foundries. For instance, the recently announced Whatsminer M10 uses older 16nm chips, but still claims the machine can process upwards of 30+TH/s. Just yesterday the blockchain firm and mining company Bitfury detailed the launch of a 14nm chip using older generation semiconductor technology.

Overall the introduction of new chipsets and mining rigs from various manufacturers, and the new Antminers with 7nm technology, the competition should increase the Bitcoin protocol’s SHA256 mining security and decentralization at the same time.

What do you think about the latest announcement from Bitmain Technologies? Let us know what you think about this subject in the comment section below.


#2

It’s a great thing Bitmain has that goal, to continuously develop so as to adapt to the new situations we are in. Mining now is far different compared before. The difficulty is much much higher that’s why we need a better machine and tools to mine crypto and at the same time profit from it. I remembered my friend used to mine BTC, however due to increase in costs incurred, he eventually stopped and sold his equipment. This decision of Bitmain will innovate and improve the mining aspect of crypto as the blockchain technology also moves forward. We have seen a lot of issues regarding mining especially power outages, and hopefully they can look for more efficient solutions wherein it will be profitable while keeping the environment as safe as possible.


#3

As a beginner, I want to have my own mining. Just confused, how to start, I don’t know mining, how to charge electricity, and mining equipment must be good.
Are there other ways to mine?
Does anyone know Cryptominingfarm.io?


#4

I am also thinking of start mining and as per my research and advice of se experts, I should not buy a miner because cost is too much now. Plus I live in a hot country, so cooling costs are additional.

I’m thinking of buying a hybrid PC with good graphic cards, through them I can mine some coins.

If you have good suggestions, do share.


#5

I actually agree. Was hoping to see an actual announcement like: "30TH/s, 1000w, $1500
Anyone can produce PowerPoint presentations


#6

Do you mine coins? Then you can help us newbies here about it. Do share your views and thoughts about profitability and usefulness of mining.