Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant...
The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand machines saw their prices go up by more than 50% in the past year. Chipmakers Shunning Bitcoin Rig Makers Fueled by the rising value of bitcoin, the demand for mining rigs has been rising as miners seek to maximize returns. However, as the report....
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Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms. A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining.Amid Bitcoin's (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led to shortages in other sectors.The COVID-19 fueled surge in gaming consoles, computers and TVs has even had knock-on effects for....
The proposed "Bonanza Mine" promises to be a new, viable option to compete against traditional mining rigs. Reports indicate that Intel, one of the largest computer processor manufacturers, intends to reveal a new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as Bonanza Mine at the upcoming IEEE International Solid-State Circuits Conference in February 2022. Intel submitted a patent in November 2018 outlining similar ideas for "high-performance Bitcoin Mining." It is suspected that the processes described in the patent could make their way into the product being shown off....
The publicly-listed bitcoin mining rig manufacturer Ebang has announced the completion of a new 6nm ASIC mining chip. Ebang believes the next-generation mining chip will give the firm’s ASIC products a “competitive edge” in the ambitious bitcoin mining industry. Mass Production of 6nm Chips to Begin When Market Conditions Become Suitable During the last few weeks, Bitcoin’s hashrate has been climbing to new heights as the network tapped 190 exahash per second on March 22, 2021. The price of bitcoin (BTC) has also helped propel bitcoin mining profits, but improved....
Bitcoin mining startup CoinBau is looking to move aggressively into the hardware market with a new ASIC chip. CoinBau's chip, dubbed Wolfblood Extreme Efficiency, pulls roughly half the electricity necessary per gigahash - approximately 0.19 joules - compared to most options on the market, which range between 0.35 to 0.45 joules per gigahash. CoinDesk spoke with CEO Sebastian Krause and CTO Markus Winter, who explained that efficiency is going to be the key factor as the global bitcoin mining industry continues to scale. Data center headquartering is becoming increasingly common among....
Bitcoin blockchain infrastructure provider BitFury Group has officially announced the mass production of the fastest and most effective 16nm Application Specific Integrated Circuit (ASIC) chip ever, that will bring unmatched energy efficiency to the Bitcoin network. Bitcoin mining requires heavy doses of electricity, which has compelled people to raise questions about the environmental impacts of the process. Bloomberg once called Bitcoin Mining a Real-World Environmental Disaster. Valery Vavilov, CEO of BitFury, said in the press release: "We are very excited to launch mass production of....