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New Chip Enhances Bitcoin Mining Efficiency by Five Times
Technology leader Bitdeer has announced the introduction of new chips aimed at enhancing Bitcoin mining by lowering power usage, expenses, and the ecological impact associated with BTC mining.
Officials from Bitdeer, a prominent entity in high-performance computing, disclosed the achievements of their research and development initiatives to advance the SEALMINER Bitcoin mining apparatus.
As stated in the press release, the following chips for mining setups are anticipated in the near future:
- SEAL01. Energy efficiency is projected at 18.1 J/TH, with a release in Q1 2024. The power consumption of the rig is expected to be between 20 J/TH and 23 J/TH. Mass production is currently in progress, with the initial batch set to be available in Q3 2024.
- SEAL02. Anticipated energy efficiency is 14 J/TH, with a launch planned for Q3 2024. Optimized energy consumption is expected to be between 15 J/TH and 16.5 J/TH. Mass production and shipments are scheduled to commence in Q4 2024.
- SEAL03. Expected energy efficiency is 10 J/TH, with a release slated for Q4 2024. Optimized energy consumption will range from 11 J/TH to 12 J/TH. Mass production and sales are projected to begin in Q2 2025.
- SEAL04. Expected energy efficiency is 5 J/TH, with a launch planned for Q2 2025. Optimized energy consumption is anticipated to be between 5.5 J/TH and 6 J/TH. Mass production and deliveries are set for Q4 2025.
The current average power consumption of mining rigs stands at 29 J/TH. The SEAL04 chip has the potential to decrease consumption by nearly fivefold, which would greatly enhance mining energy efficiency, lower operational costs, and diminish environmental effects.
On average, mining 1 BTC necessitates 854,403.71 kW⋅h of electricity, rendering Bitcoin mining economically unviable. To boost the efficiency of this process, Block has recently finalized the development of three-nanometer chips for Bitcoin mining.
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