New Bitcoin ASIC to be ‘Most Power-Efficient’ on Public Market
Mining hardware maker Bitmain has claimed its new bitcoin ASIC will be the most power efficient chip available to the public.
The company expects 1,000 more S19 machines by December.
For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China, according to a recent report by CoinShares Research.
The company acquired nearly 18,000 new ASICs in an all-stock transaction.
Bitmain has unveiled a new miner for the privacy-oriented crypto zcash, which it says, has three times more hashing power than its predecessor.
Bitmain has published a firmware update for its Antminer S9, using controversial "AsicBoost" code to give an efficiency hike when mining bitcoin.