Antminer S9 to be sold only for Bitcoin Cash

The largest Chinese manufacturer of mining equipment, Bitmain, will accept only Bitcoin Cash
06 October 2017   4067

The largest Chinese manufacturer of mining equipment, Bitmain, announces that from now on it will accept only Bitcoin Cash when selling the latest ASIC-miners.

According to Jihan Wu, Bitmain co-founder, the main reason for the decision was Bitcoin Cash’s lower transaction fees compared to Bitcoin. The man also recommends others to follow Bitmain’s lead.

Bitcoin Cash has a roadmap that will keep the transaction fees always low, and every sane manager should consider accepting Bitcoin Cash as a payment option to save the transaction cost for their customers and shareholders.
 

Jihan Wu
Bitmain co-founder

Some reddit.com users have already suggested that the Bitmain initiative may increase the demand for Bitcoin Cash. 

Bitcoin Cash price chart on coinmarketcap.com
Bitcoin Cash price chart on coinmarketcap.com

As shown, at the time of writing, Bitcoin Cash price is about $354.55, which allows it to occupy the 4th poistion in the list. It's market capitalization is $5,911,807,858.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   392

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.