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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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