Mining Downsizes to Provide Greater Efficiency for the General Community

Executive Brief

In a move that will undoubtedly bring a change to the mining industry, Bitcoin mining behemoth Bi Wang (BW) has announced the release of its new 14nm technology based chip, representing the cutting edge of mining technology.

The new miners based on this technology will, for the first time, be available for sale to the general public, contrary to the current trend of mining companies keeping everything in house for their own initiatives. Fast and energy efficient, they bring new levels of power efficient mining power to everyone.

Read the full story below. 

Bitcoin mining has seen major changes in recent times, with individual miners losing ground rapidly to the larger equipment manufacturer pushed initiatives, but Bi Wang, a major supplier of mining hardware has a solution.

Recently announced, it has new miners based around a 14nm technology chip, promising class leading performance with lower power requirements. After over a year of research and development, the new chips are said to bring between 34.6-63GH/s, with a power consumption of just 18W, based on voltages of between 0.59V to 0.76V.

The first production run of the chip is intended to enhance their own mining farm, bringing it to a target of 48 petahashes per month, but after that will be available on general sale in miners that boast the above mentioned specifications, providing the wider mining community with access to genuine cutting edge mining technology.

This is a move that brings two separate benefits to mining, the first is the ability to buy and use competitive, cutting edge mining equipment for anyone who wants it. This is a significant move in an industry where mining farms have begun to dominate the market almost to the exclusion of all others, and gives smaller operations a viable, competitive solution.

The second aspect here is the shift to 14nm technology. The die shrinkage here allows for much more processing power for the size of chip, as can be seen by the miner outputs quoted, but perhaps even more importantly, offers significant efficiency improvements that lower the power usage considerably.

These two things together provide smaller mining to become much more viable again, with the cost per hash reducing significantly, ensuring that the wider availability of these miners actually has real world applications for those who purchase them.

Mining still plays an important role in the digital currency environment, and after some stagnation, this new 14nm technology provides new impetus to miners small and large, while offering genuine energy savings for users.

Author: Thomas Moore

Thomas Moore is a writer and researcher with a love for the eclectic, family and the world we inhabit. He spends his spare time photographing the varied wildlife that surrounds us daily and contemplating why Firefly never made it past season one.

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