Bitmain Announces Next-Generation 7nm Miners Will Likely Be Released this Week

Bitmain, the leading mining company in the world, who just held its initial public offering (IPO), leading it become the most valuable blockchain company currently, made the announcement that its next-generation application-specific integrated circuit (ASIC) chip miners will be available to consumers in the near future. The exact date has not been released, however, the company has stated that it will more than likely be this week.

Bitmain made the announcement through Twitter from the firm’s official account. Preorders for its new 7nm miners, the Antminer S15 and Antminer T15, is now available to prospective clients.

The tweet posted said:

“We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm. Two models will be offered, the Antminer S15 and T15.”

The new rigs are designed to to mine Bitcoin (BTC), Bitcoin Cash (BCH), including other Secure Hash Algorithm 2 (SHA-256) cryptocurrencies , with the next-generation ASIC miners showcasing the company’s new 7nmASIC chips.

BM1391, the new chip, has been developed to increase efficiency as well as obtain a peak energy consumption ratio of 42W/TH. These are the only known improvements as of now, as the company has yet to reveal the full specs for the next-generation miners.

Bitmain’s announcement comes at a time when other chip manufacturers have released previews of their own new product lines. The competitions specifications will all outperform Bitmain’s current product list, but this new announcement may squash the competition this upcoming week.