the The Mining Hardware maker Bitmain has unveiled the next Generation of its 7nm-Mining-Chips. The Chip BM1397 to come in Antminer S17 and T17 and the Bitcoin Mining make, among other things, energy-saving. The company could use a new Cash Cow Recently broke the reports about a net loss of 500 million US dollars to the Public.
By Christopher clover
19. February 2019BTC$3.966,43 3.88%Facebook Twitter LinkedIn xing mail
The Mining giant Bitmain on December 18. February its latest 7-Nanometer Chip “BM1397” will be presented. Bitmain promises for the Mining of Bitcoin and Bitcoin to Cash, significant improvements in the area of energy efficiency. The new Chip aims to reduce the energy consumption up to 30 joules per Terahash. That means a 28 percent improved energy output compared to the predecessor model 1391. In a press release, the Mining giant announced full-bodied:
The innovations of Bitmain enable everyone to benefit anywhere and at any time of crypto-currencies. The BM1397, part of the growing Chip portfolio by Bitmain, has been developed to provide a better Mining experience and aims to set a new benchmark in the ASIC-Chip-technology.
The Chip is suitable, in principle, for the Mining of all crypto-currencies with Proof-of-Work algorithm SHA256. The most famous of these are Bitcoin and Bitcoin to Cash. Here you will find a list of SHA256 Coins. The Chip BM1397 to come in Antminer S17 and T17 – the release date is soon to be announced.
Status quo: IPO
The world’s largest manufacturer of Mining Hardware had suffered during the bear market of the past year, naturally strong. The Timing was very bad – after all, Bitmain has logged in September 2018 in the case of the Hong Kong stock exchange HKEx from its IPO. In the case of courses provided in the past year, however, not only for a decline in revenue, but also representatives of the HKEx agreed to be wary about the business model of Bitmain. “The HKEx does not want to be the first exchange in the world, which [approves of such an IPO] and then to see how the company is dying,” revealed, for example, an Insider in December. In addition, the scene magazine, Coindesk reached – also from insiders, which for the third quarter of 2018, a net loss of 500 million US dollars for Bitmain to be calculated. Among the symptoms of the from Bitmain-view miserable at Year-end, among other things, numerous redundancies. 26. March closes the time window in which the HKEx Bitmains IPO may approve.
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