ASICs chip makers roll out new hardware competing with Bitmain

Image source: pixabay - qimono

Mining manufacturer Bitfury Group launches a new line of ASICs hardware for mining. The hardware is based on the new generation ASICs Bitfury Clarke:

“The 14nm Bitfury Clarke ASIC is fully customized for SHA256 bitcoin mining. It can execute a hashrate up to 120 gigahashes per second (GH/s) and a power efficiency rate as low as 55 millijoules per gigahash (mJ/GH). The supply voltage required by Bitfury Clarke can be as low as 0.3 volts.”
Source: cointelegraph - Ana Alexandre

Following Bitfury’s facilitation in the launch of Toronto-based BTC mining company Hut 8, they are in close competition with China’s largest mining comapny, Bitmain.

“With 66.7 MW of aggregate operating capacity, we believe we are the largest cryptocurrency miner in Canada and the largest publicly-traded cryptocurrency miner by operating capacity in the world,” CEO Andrew Kiguel noted in a press conference.
Source: cointelegraph - William Suberg

While mining hardware companies dominate the decentralized cryptocurrency market, it has been essential for their technological breakthroughs to bring greater value to the current industry. The semiconductor industry and graphics card makers NVIDA and AMD are racing to launch new hardware as well that is compatible for coin mining.

Image source: pixabay - xresch

Other competitors are coming up with new mining hardware with spec capable to outperform current models in terms of speed, profitability and efficiency:

“[Innosilicon’s] its upcoming ASIC, the Terminator3 (T3) has been in development since February of this year. We experimented with many different recipes and options in the T2 Turbo to learn the optimal points of the process and circuit architecture. So there’s a combination of improvements to circuit architecture and process options for the T3.”
Source: bitcoinmagazine - Colin Harper

The T3 boasts an energy consumption at 44W/TH, which could one of the most energy efficient chip and 2X faster than Bitmain’s s9. Combating high energy costs of mining is essential for transaction fees and the overall cryptocurrency industry to stay relevant.

Image source: pixabay - axonite

The so-called ASIC-resistant cryptocurrencies are finding a challenge to stay relevant with GPU mining. Recently, Bitcoin Gold crashed as the ASIC-resistant network was under a 51% attack. Exchanges were bady hit due to the double spending of 388,000 BTG worth about $18 milllion. Bitcoin Gold’s team was threatened by exchanges for a compensation of 12,000 BTG:

Bittrex informed us that they make this decision because the BTG team would not “take responsibility for our chain,” and that taking responsibility meant paying Bittrex 12,372 BTG to cover the loss they incurred. They later informed us they would cover part of the loss from their own BTG reserves and requested we pay the remaining ~6,000 BTG, and that if we did not, we would be delisted.
Source: ethereumworldnews - Nick Chong

A tough time for Bitcoin Gold, whereas ASICs mining seems to be the direction to go forward. Let’s keep updated on the new developments for crypto mining.

-tylser