Bitcoin Mining Giants Woo Miners with Next-Generation Chips

Article was originally published at CoinCentral. Bitcoin mining, hardware maker, Bitmain, has announced a new next-gen mining ASIC chip dubbed the BM1391. Bitmain’s co-founder, Jihan Wu, recently made the announcement at the Digital Mining Summit in Georgia. Designed to run on the SHA256 algorithm, the 7nm Finfet mining chip reportedly utilizes over a billion transistors for unparalleled efficiency. […]

Bitcoin Mining Uses a Lot Less Energy Than Mining Gold

Article was originally published at CoinCentral Bitcoin mining is a power-intensive process. However, mining gold apparently requires twenty times more energy in comparison. This is according to Long Hash. However, it is the bitcoin mining power consumption that has led environmentalists to spiral into moral panic. The industry particularly drew significant attention from the masses after the […]