Bitmain Announces super efficient ASIC for Mining Bitcoin and Bitcoin Cash

The newest mining hardware, BM1397, is created for mining cryptocurrencies which use exactly the SHA256 algorithm to get their proof-of-work (PoW), for example Bitcoin (BTC) along with also Bitcoin Cash (BCH).BM1397 needs less electricity for mining cryptocurrencies, representing that a 28.6% increase in power performance in contrast with the organization's past 7nm processor, BM1391.The new chip is being utilized in fresh Antminer versions -- S17 and T17 -- that is shown later this season.

Since a while ago, Bitmain has lately confronted problems on account of the protracted bear market and two class action suits filed against the business. The Chinese giant allegedly closed down that a blockchain creation centre in Israel, suspended its operations in Texas, along with decreased its operations at the Netherlands within the last couple of months.Other significant mining companies are also facing challenges on account of the crypto market decrease. For example, Western net giant GMO Internet Group disclosed it had been departing the Bitcoin mining gear industry at December 2018, mentioning the substantial Q4 losses.At precisely exactly the exact identical period, United States gaming and pc hardware maker Nvidia, that was among those businesses most influenced from the industry recession and related lack of requirement for mining parts, has lately reported full-year earnings gains despite Q4 declines along with also a"crypto hangover" . This might be a good time to prepare your future cryptocurrency miner hosting in Europe or USA

We'll keep you posted on news with the new Bitcoin miner