Bitmain Announced Their First 7nm ASIC Chip, Soon in Miners

Bitmain has finally announced their next generation of ASIC chips that are based on 7nm Finfet technology called BM1391 for the SHA256 algorithm, these chips will power the next generation of Bitcoin ASIC miners coming from the company. The new BM1391 chips integrate more than a billion transistors and are optimized for maximum efficiency according to the company and can achieve a ratio of energy consumption to the mining capacity that is as low as 42 J/TH. Bitmain was dominating the Bitcoin mining market with their Antminer S9 in terms of hashrate and units shipped, but they started losing in terms of performance and efficiency lately due to the fact that the competition was adopting new production technologies and making further optimizations to get higher hashrates. We’ll see if Bitmain will be able to get back in the game with their next generation ASIC miners using the new chips…