Categories: News

BW Announces Second Generation of 14nm ASIC Mining Chips

Bitcoin hardware manufacturers need to keep coming up with creative ways to make their ASIC chips better, faster, and cheaper. Squeezing out that last bit of mining power out of every chip can make the difference between a successful product and “just another miner”. BW seems to be on the right track, as they have introduced their new 14mc ASIC chip, called the BW-LK1401.

Also read: Monero Technical Analysis for 02/15/2016 – Pressure Building Up Around Pivot Zone

BW Introduces 14nm ASIC Chips

When it comes to developing new Bitcoin mining chips, there are a few different factors to take into consideration. First of all, the smaller the chip, the more of these tiny boards can be put together into one giant Bitcoin

ASIC mining machine. Even though sizes such as 16 nm may seem very small already, BW has managed to shrink their chips that tiny bit more, resulting in a 14nm size.

Many people underestimate the amount of research and development that goes into manufacturing these chips. It has taken BW close to one full year to further reduce their ASIC chip size, and none of these efforts would have been possible without the help of Samsung. The technology giant is known for making small and powerful devices, and a partnership with Bitcoin ASIC manufacturers seems to be a smart move.

What makes new ASIC mining chips so interesting is how they stack up in the power consumption department. The new chips developed by BW run at 160W/T, making it a very power efficient chip that packs a serious punch.  But that is not all, as BW has always announced the second generation of 14nm ASIC chips, which will run at 95W/T.  Needless to say, these new developments will massively reduce the electricity costs associated with the Bitcoin mining process.

Related Post

Both generations of these new chips are currently in production, and mining enthusiasts will have to wait until April of 2016 – at the earliest – to purchase new lines of mining hardware from BW. No pricing has been announced at the time of publication, though, nor do we know how much power these new miners will pack when they run the new 14nm chip.

It is positive to see Bitcoin hardware manufacturers working on further reducing their ASIC chip size. Mining remains an integral part of the Bitcoin ecosystem, and companies such as BW have the responsibility to keep innovating whenever possible. One of the main things people dislike about mining is the waste of electricity associated with this process, as running a bunch of ASIC miners becomes subject to high electricity bills.

Source: Imgur

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

2 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

2 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

3 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

3 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

7 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

8 hours ago