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Ebang Hopes to Capture a ‘Competitive Edge’ After Developing a Next-Generation 6nm Bitcoin Mining Chip

The publicly-listed bitcoin mining rig manufacturer Ebang has announced the completion of a new 6nm ASIC mining chip. Ebang believes the next-generation mining chip will give the firm’s ASIC products a “competitive edge” in the ambitious bitcoin mining industry.
Mass Production of 6nm Chips to Begin When Market Conditions Become Suitable
During the last few weeks, Bitcoin’s hashrate has been climbing to new heights as the network tapped 190 exahash per second on March 22, 2021. The price of bitcoin (BTC) has also helped propel bitcoin mining profits, but improved mining rig semiconductors have also increased the hashpower a great deal. Firms like Bitmain, Canaan, Microbt, and Ebang have seen massive demand in 2020 and into 2021. Most of these manufacturers are out of stock after selling mass quantities of ASIC miners to institutional buyers. On March 17, the China-based Ebang International Holdings Inc. (Nasdaq: EBON), announced the development of a new 6nm ASIC mining chip.
The standard chips used today in some of the top mining devices are between 12nm, 10nm, and 7nm. A 6nm chip would be an improvement from today’s ASIC standards, and Ebang thinks the new product will bolster the company’s performance. When market conditions become more suitable, Ebang said it will begin mass production of the 6nm chip. The Chairman and CEO of Ebang, Mr. Dong Hu, believes the development of the chip is a watershed moment for Ebang’s research and development (R&D) team.
“The completion of our 6nm ASIC chip is a significant milestone …
Story continues on Bitcoin.com

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