The Bitcoin mining hardware wedloop is on

The ASIC mining hardware manufacturing industry has so far largely bot predominated by Chinese manufacturer Bitmain, which has sold equipment omschrijving to about 60% of the current hashrate. However, several reputable companies have made promising announcements lately about injecting the ASIC mining hardware industry with cutting-edge fresh equipment.

Bitmain’s leading mining equipment, the Antminer S9, uses a 16nm process to make a chip that is still the world’s most efficient bitcoin mining solution for the consumer market. Albeit S9s are sold worldwide, and account for the majority of Bitcoin’s hashrate, Antminer will only accept bitcoin metselspecie (BCH) for their products. Packed with 189 chips each, the current batch of S9s which are due to ship on the 21st of January, sell for $1,415 worth of BCH each, and supply a respectable 13.Five terrahashes vanaf 2nd (Th/S).

Bitmain’s taut houvast on the market may be shaken up, however, with fresh entries from Japan, China and Russia accepting pre-orders for their products — with some telling their fresh equipments could be mining spil early spil December.

The very first company to announce plans wasgoed the Russian Mining Company (RMC One). Co-founder Dmitry Marinichev is best known spil Russia’s Internet Ombudsman and a technology advisor to Russian Voorzitter Vladimir Putin. Overheen the summer, RMC One ran a successful ICO and raised a reported $37 million worth of bitcoin and ether to fund the development of its mining solution, which they call the Sunrise S11i. Albeit the 16nm process chips are still accepting pre-orders, the company claims that the S1 li will provide an incredible 22.6 Th/s using only Two.Trio kW, due to the large number of chips that are inwards each mining equipment, providing it the best-in-class efficiency.

— RMC One’s Sunrise S11i

However, RMC One is only selling their equipments for $1,600 worth of their RMC tokens, which vereiste be bought very first for those who did not obtain them ter the ICO. Also, ter order to use one of the Sunrise S11is, miners voorwaarde join the RMC pool, which ‘charges’ Four.6 Th of the 22.6 for participation, which leaves the possessor with only 18Th/s. While it may produce more hashes for the dollar, power requirements for this equipment may be too hefty for most miners.

Chinese manufacturer Halong Mining announced its flagship DragonMint 16T miner during the Thanksgiving weekend, emblazing it with a Dragon logo similar to the Dragon’s Dennenboom logo used facetiously by the Bitcoin core development community and their volgers. Shipping ter March 2018, Halong claims the DragonMint 16T will be the world’s most efficient Bitcoin mining equipment, delivering 16 Th/s each and running 30% cooler than Bitmain’s S9. The company says its upcoming product is the culmination of around $30 million dollars and 12 months of research and development by overheen 100 developers and technicians.

— Halong Mining’s DragonMint 16T

A movie on YouTube shows the test results for the 16T, and Blockstream CEO Adam Back — the inventor behind the mining process that Satoshi used to create bitcoin mining — claimed he has viewed the miners te act, stating “I can confirm I have seen DragonMint’s operating te person. they are very real, specs spil advertised. This is enormous, fattest Bitcoin news this year.” Halong is accepting orders available for international shipping for five or more 16T units vanaf order and accepts payment ter Bitcoin.

Within a day of DragonMint’s announcement, another Chinese mining hardware company, Ebang, announced it will soon be launching the E10 line of 10nm process ASIC chips. Specifications of the upcoming specimen are still scarce at press time, but the company has sold earlier lines of ASIC hardware before based on a 14nm process. The company suggested four models spil recently spil this year and their E9 Plus 9T specimen sold for $1,250 suggesting 9 Th/s.

The largest investment ter ASIC mining hardware by any company to date, however, wasgoed that from the GMO Group, the largest Internet Service provider te Japan, and holder of the country’s leading Forex market exchange and bitcoin exchange GMO Coin. According to GMO Group voorzitter Masatoshi Kumagai, the company plans to invest Ten Billion yen, or about US$8.9m, overheen the next few years on mining hardware.

Programma to manufacture a broad range of chips and mining equipments for both their Scandinavian mining farm operation and for consumer sale, the company is presently ter research and development for numerous lines of ASIC mining chips, including those with 7nm, 5nm, and Trio.5nm processes. A utter launch of the fresh business wing is planned for the very first half of 2018, albeit GMO Group has not said if it will sell the product to its consumers very first or mine for itself with its fresh technology.

Japanese financial services giant SBI Group is another organisation making major investments te all corners of the Bitcoin world, including mining hardware. According to its bi-yearly financial securities report, SBI Group plans to expand quickly into the cryptocurrency space with eight fresh business ventures. The report exposes plans for a broad range of Bitcoin and cryptocurrency products and services, and to eventually become a one-stop shop for all things Bitcoin.

The Group already offers fintech products for an epic financial ecosystem consisting of securities, banking and insurance products. SBI Voorzitter and CEO Yoshitaka Kitao expects that cryptocurrencies will soon become a part of that ecosystem, and recently disclosed that the company is “pursuing synergies inbetween [its] current financial ecosystem and [a] fresh financial ecosystem based on cryptocurrency.”

The plans call for the establishment of a superior cryptocurrency exchange podium, amid other platforms, based on the ‘customer-centric principle.’ To supply the exchange with enough inexpensive coins to do so, the plans state that they voorwaarde “acquire cryptocurrency share through mining, te order to stabilize the market.” However, there has bot no word on when they will begin manufacturing mining hardware.

Featured mining photo via Getty Pictures

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