Bitmain, one of the most prominent crypto hardware manufacturers in the industry, is about to launch a couple of innovative Antminer products that will sure raise the attention of the bitcoin mining community.
According to an announcement made by the company, two new models will be introduced to the market this week: the machines are the Antminer s15 and the T15; and they will hit the shelves on November 8th.
The cutting-edge 7nm ASIC (application-specific integrated circuit) processor will power up the two machines. The chip was announced in late September by Bitmain CEO and Co-founder Jihan Wu, the same man who stated that using it will result in more efficient use of energy when compared to other models in the market.
Impressive Energy Consumption to Mining Capacity Ratio
The Antminer s15 and the Antminer T15 both have impressive hash rates that are destined to mine for Bitcoin using the SHA256 algorithm, according to Bitmain’s Twitter feed. Further details about the circuit have not been announced yet, but we do know that it will include “more than a billion transistors” and that its energy consumption to mining capacity radio will be as low as 42J/TH, one of the best in the business.
At the moment of this writing, there are no further details, so people would need to wait until November 8th to discover the full features and capabilities of this mining device that looks every bit as potent, if not more, than other Bitmain’s machines.
Bitmain wants to collect funds via an ICO (Initial Coin Offering,) and the announcement of the two new Antminers comes in the middle of a push to raise more money. However, the initiative has found its fair share of controversy given accusations of some investors that say they have seen false information about the funding state of the firm.
Nevertheless, Bitmain’s two machines look ready to enter the market and start competing with other devices made to mine Bitcoin, such as BitFury’s new 14nm circuit that was also announced this week. Named the Bitfury Clarke, it is similar to the Antminers regarding power consumption and energy efficiency thanks to the SHA256 algorithm.
Coincidentally, Bitfury, one of Bitmain’s primary competitors, made public today that it closed an $80 million funding round. Korelya Capital, a venture capital company led the private placement that also saw participants such as Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., and Armat Group.
A Little More about Bitmain
Bitmain Technologies Ltd., or Bitmain, is a cryptocurrency infrastructure provider that has its headquarters in Beijing, China. Jihan Wu is credited as being its founder, five years ago, with the help of Micree Zhan.
The Bitmain company became, in 2018, the world’s premier designer of ASIC chips with Bitcoin mining in mind. Also under Bitmain’s domain is Antpool, arguably the largest bitcoin mining pool.
With a net profit of more than $740 million in the first semester of 2018, Bitmain has proven profitability. The company’s first product was the Antminer S1, an ASIC bitcoin miner that used 80-200 Watts to make 180 GH/s.
By Andres Chavez
