Bitmain Introduces New BM1385 Mining ASIC
The bitcoin network is growing, so are the number of transactions. All bitcoin transactions are recorded in a ledger, in this case a decentralized one called Blockchain. The transactions happening over blockchain needs to be verified and miners are the ones who contribute the processing power for the algorithm to verify these transactions. In return miners receive rewards in the form of freshly minted bitcoin. As the bitcoin network grows, the amount of processing power required to decrypt the information on blockchain and verify transactions also increases. Which in turn means, the miners....
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Bitmain, the bitcoin mining ASIC provider, announced today that it has launched its fourth-generation ASIC, the BM1385. This chip, the company claims, can generate a 45 percent increase in hashrate while needing 50 percent less electricity than its former chip, the BM1384. "The problem at the heart of designing chips for bitcoin mining is the careful balance of performance with electrical consumption. With lower power consumption, miners have lower electricity bills, or they can increase their hashrate without increasing their power expense," said a Bitmain chip designer in a statement.....
Mining hardware maker Bitmain has claimed its new bitcoin ASIC will be the most power-efficient chip available to the public. The forthcoming BM1385, the Beijing company's fourth generation ASIC, will be capable of 32.5 GH/s. A custom design, it has a 45% greater hashrate and uses 50% less electricity than Bitmain's previous 28nm chip, the BM1384. The company said in a statement:
Bitmain recently announced the Antminer S7 specs using their new BM1385 ASIC. This step is a big one, as the S7 is shipping to anyone around the world from small home miners to large data centers. Many other manufacturers are only using in-house or for the certain large mining operations that have announced new chips. Recently, we interviewed Jihan Wu co-founder of Bitmain. After the interview, Jihan sent a Bitmain Antminer S7 to review. The miner is an excellent step up from current offerings on the market. Let’s look at the specifications. Hash Rate: 4.86 TH/s. Power Consumption: 1210 W....
Bitmain, the Bitcoin mining ASIC provider, Sunday announced the release of its next-generation Bitcoin miner, the Antminer S7, using the recently announcedBM1385 ASIC. The company argues that "this machine is not only our most efficient ever, using less than half the energy per gigahash of the S5, but it is also our most powerful miner to enter mass production." It had released the S5+ in limited supply, which offers nearly 3,000 more GH/s than the announced S7. "It's true that the S5+ had a greater overall hashrate, but the S7 squeezes more juice from a smaller, more power efficient....
The launch of Antminer S7, the next generation bitcoin miner, was just announced by bitcoin mining ASIC provider Bitmain. According to the company, "this machine is not only our most efficient ever, using less than half the energy per gigahash of the S5, but it is also our most powerful miner to enter mass production." Compared to the previous model, the Antminer S7 bitcoin miner is a denser mining rig. The S5 used 60 chips per miner while the Antminer S7 uses 162 of the BM1385 chips. Next Generation Bitcoin Miner. "It's true that the S5+ had a greater overall hashrate, but the S7 squeezes....