Bitmain will start selling new generation miners on November 8

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Bitmain will start selling new generation miners on November 8

Leading Mining Hardware Manufacturer Bitmain Announces Next Generation 7nm ASICs To Begin Selling On Thursday.

The company tweeted that it will be able to place an order for the highly anticipated Antminer S15 and Antminer T15 starting November 8. The new products are improved versions of the 9 series of ASICs that support the SHA256 algorithm. They use more advanced 7nm chips, which significantly increase the performance and efficiency of mining..

Bitmain claims that the new product significantly outperforms the latest developments of competitors and will provide the greatest economic benefit when mining BTC, BTH and other coins using SHA256. Earlier, the CEO of the company Jihan Wu said that ASICs will contain more than 1 billion transistors, and power consumption will reach 42 W / TH. Actual performance will be slightly worse, but the manufacturer has not yet provided detailed specifications for the devices..

The announcement comes at a time when Bitmain is raising funds through an IPO filed in late September. However, recently, the United States has increased customs tariffs on the import of equipment for the extraction of cryptocurrencies by 27%, therefore, in addition to reducing the profitability of American miners, the company’s sales in this market may also fall significantly..

Not only equipment is becoming more complicated, but also trading on the crypto market. DeVere Group, a UK-based consulting firm, recently announced the launch of a crypto fund specializing in algorithmic trading and arbitrage..

text: Ivan Malichenko, photo: Unsplash