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Bitmain, the world’s largest Bitcoin miner manufacturer has revealed specifications of its Antminer 17 series machines which will be globally released on 9 April 2019.
The new mining equipment in the series would include Antminer S17, Antminer S17 Pro, and Antminer T17. According to Bitmain, they are 3 most advanced BTC and BCH miners under the SHA256 algorithm.
The Antminer S17 comes in two variants, a 56 TH/s and a 53 TH/s model, with two mining modes. Both models operate at 45 J/TH under the normal mode, while the low-power mode operates at 42 J/TH.
The Antminer S17 Pro also comes in two variants, a 53 TH/s and a 50 TH/s model, with three mining modes which “allows for greater customization as customers can switch between different settings to accommodate various mining requirements”. Both models have a power efficiency of 45 J/TH under turbo mode while the normal mode operates at 39.5 J/TH and the low-power operates at 36 J/TH.
Bitmain, the world’s top 10 and China’s second largest fabless chip maker, is putting their new energy efficient miners that mine cryptocurrencies based on the SHA256 algorithm such as Bitcoin and Bitcoin Cash, up for sale globally on April 9, 2019.
Chinese crypto mining giant and ASIC hardware producer Bitmain is taking mining to another level. The company has surprised the mining enthusiasts all over the world with the launch of its next-generation 7nm (nanometer) ASIC mining chip. This new mining hardware, BM1397 is far more superior to its predecessors in performance and energy efficiency. The new chip is designed for mining cryptocurrencies on the SHA256 algorithm, which includes bitcoin (BTC) and bitcoin cash (BCH).
As Bitmain continues to expand its chip portfolio, it has become possible for anyone, anywhere to mine and reap the benefits of cryptocurrencies. Since its establishment in the year 2013, Bitmain has remained at the forefront by developing high-performance computing chips for the advancement of the cryptocurrency ecosystem. The crypto mining giant is today known for producing industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). With the introduction of the BM1397, the company has again demonstrated its expertise in enhancing the chip design methodology and its commitment to offer the most advanced semiconductor fabrication technologies to the world.
The press release issued by Bitmain Technologies on February 18, 2019 states, “The new BM1397 chip requires lower power and can offer energy consumption to computing ratio as low as 30J/TH. This is a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous BM1391 chip.” This new ASIC chip will make its debut in new Antminer mining devices – the S17 and T17 – which will be launched on April 9, 2019. The company has announced three models of the energy-efficient Antminer S17 series- Antminer S17, Antminer S17 Pro, and Antminer T17.
Recently, in November Bitmain Technologies launched its latest Antminers – the S15 and T15, both powered by the BM1391 ASIC. And now just after a few months, it has revealed a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The next generation 7nm ASIC chip, BM1397 is more effective than the semiconductors the company manufactured in the past and is the successor to the previous SHA-256-centric chip.
According to the Chinese ASIC manufacturer Bitmain, as compared to the BM1391, the 7nm model will provide a 28.6 percent improvement which translates into faster and cheaper mining. This will consume fewer amounts of power by offering energy consumption to computing ratio as low as 30J/TH. It is developed using a 7nm FinFET process from Bitmain chip supplier Taiwan Semiconductor Manufacturing Company. “To achieve this [better efficiency], Bitmain’s engineering team has thoroughly customized the chip design to optimize its architecture, circuit, and economics,” the company said in the official announcement.
Why you should consider BM1397?
With this new ASIC (application-specific integrated circuit), the crypto miners will experience immediate power saving and better outcomes. This is because the new chips are more powerful when the terrahash capability is considered which means higher crypto-mining power while paying less for the same amount of electricity.
An ASIC (application-specific integrated circuit) is a microchip that can be found in almost any electronic device and can be custom-made which is only available to the company that designed it. Application-specific integrated circuit (ASIC) miners mine cryptos at exceptional speeds while consuming much less power than FPGA or GPU mining rigs. Without any doubt, the introduction of BM1397 has set a new benchmark in ASIC chip technology.
Lately, the company has faced some troubles. The world’s leading cryptocurrency mining equipment manufacturer, Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange has expired on March 26, 2019. However, despite this IPO expiry, the mining titan still manages to be ahead of everyone else in manufacturing machines that are most powerful for hash rate and economical in price.
The company stated, “Bitmain’s listing application to [the Hong Kong Stock Exchange] HKex in September 2018 has reached its [six]-month expiration date. We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future.”
Though Bitmain’s first push to go public has officially expired, the company still remains at the forefront in the cryptocurrency space by producing most of the mining equipment used today. The signature Antminer produced by the mining giant was a breakthrough in the mining sector and continues to be the best selling mining equipment.