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Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

February 18, 2019 |

Bitmain Announces New 7nm Bitcoin Mining Chip With 28.6% More Efficiency

On Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of devices.

Also Read: Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

The Next Generation 7nm Chip From Bitmain Technologies

Bitmain has announced a new mining chip that claims to be more effective than the semiconductors the company manufactured in the past. The new BM1397 chip is the successor to Bitmain’s previous SHA-256-centric chip, the BM1391. The revamped 7nm model “enables faster and cheaper mining” and offers a 28.6 percent improvement compared to the BM1391. Bitmain says the BM1397 uses low amounts of power and provides an energy consumption to computing ratio as low as 30J/TH.

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency
The new BM1397 7nm semiconductor produced by Bitmain and TSMC.

“To achieve [better efficiency], Bitmain’s engineering team has thoroughly customized the chip design to optimize its architecture, circuit, and economics,” explains the company’s press release. It continues:

The chip is made using TSMC’s 7nm FinFET process — The BM1397 is a testament to Bitmain’s improvements in chip design methodology and deep understanding of the most advanced semiconductor fabrication technologies.

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency
Bitmain also revealed it was manufacturing new Antminer models that will be announced at a later date.

Antminer S17 and T17 Models Will Support the New BM1397 and More Mining Rigs Are on the Way

The chip announcement follows recent rumors and discussions about the floundering mining ecosystem. Many reports have also detailed company shakeups with firms like Bitmain, Canaan, and Ebang making internal changes. Bitmain says the new semiconductor is proof of the company’s ongoing commitment to advancing the cryptocurrency ecosystem. The company’s announcement underscores that Bitmain devices allow anyone to participate in this fast growing economy.

“The BM1397, part of Bitmain’s growing chip portfolio, is designed to bring a better mining experience and aims to set a new benchmark in ASIC chip technology,” the company notes.

According to the press release, the BM1397 chip will be integrated into the latest Antminer S17 and T17 models. Moreover, Bitmain says the company has new devices that will be announced at a later date.

What do you think about the latest announcement from Bitmain Technologies and the new BM1397 chip? Let us know in the comments section below.  

Image credits: Shutterstock, Bitmain, and 

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The post Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency appeared first on Bitcoin News.

Bitcoin News

A loan program was set up to boost energy efficiency. Instead, it’s being used to build ‘granny flats’

February 17, 2019 |

As stories piled up of homeowners being smooth-talked into taking home improvement loans they couldn’t afford, defenders of the PACE program cited its safety features.

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L.A. Times – Business

Judge orders Trump administration to put energy efficiency standards into effect

February 19, 2018 |

A federal judge in San Francisco ordered the Trump administration Thursday to implement energy-use limits for portable air conditioners and other products — standards that were adopted during the last days of the Obama presidency.

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L.A. Times – Business

Toyota Prius software fix may reduce fuel efficiency, experts say

February 18, 2018 |

When Robert Enger took his Toyota Prius into a dealership for a safety recall, he didn’t expect that his fuel economy would drop.

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L.A. Times – Business

7 Best, Worst States on Energy Efficiency

October 17, 2017 |

Not all states are created equal when it comes to energy efficiency. WalletHub has a new ranking that crunches data in two broad categories—home energy efficiency and auto energy efficiency—to figure out the best and worst overall. As it turns out, the results put New York at the…

North Korea Says Test-Launch Verifies ‘Combat Application Efficiency’ of Weapon System

June 10, 2017 |

North Korea said that a test launch of missiles that it conducted on Thursday was of a new type of anti-ship cruise missile that was “capable of striking any enemy group of battleships,” an apparent rebuttal to the U.S.’s deploying of multiple aircraft carriers in the waters around the Korean peninsula. What’s News Asia

U.S. Electricity Efficiency is Our Low Hanging Fruit

November 10, 2016 |

California electricity meterSource: Business Energy Resource The election of Donald Trump will surely favor fossil fuels in the U.S. economyover renewables butenergy efficiency is one area that has proven towin out no matter who is in charge.Energyefficiency is repeatedly called the “low hanging fruit” way to reduce usage, save money, increase […]
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Nanomaterials could double efficiency of solar cells by converting waste heat into usable energy

May 25, 2016 |

MIT-Solar-Thermal-1_0 An experimental solar cell created by MIT researchers could massively increase the amount of power generated by a given area of panels, while simultaneously reducing the amount of waste heat. Even better, it sounds super cool when scientists talk about it: “with our own unoptimized geometry, we in fact could break the Shockley-Queisser limit.” Read More

White House rolls out new tire safety, efficiency program

December 9, 2014 |

WASHINGTON (Reuters) – The White House on Tuesday will roll out a new program aimed at getting U.S. consumers to buy tires that will enable cars to get better mileage and take better care of them to cut down on tire-related crashes. The program, which will encourage consumers buying replacement tires to choose low rolling resistance tires, which cost more initially than those with more friction but increase fuel economy and save money on gasoline. …
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Merck Adds Global Training In Energy Efficiency

August 25, 2014 |

Big companies require employees to complete training for all manner of processes and procedures, why not for energy efficiency? Pharmaceutical giant Merck is doing do just that: in early August, it signed up for Schneider Electric’s Energy University, a catalog of more than 350 “product-neutral” courses that its 70,000 employees can […]
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