Now Halong Mining company is testing a pilot version of a mining machine called DragonMint 16T. BtcDrak considers that the machine can produce a total of 16 th/s and its energy efficiency is 30 percent higher than that of today's industry leader Bitmain’s AntMiner S9. The first serial release of the DragonMint 16T is scheduled for March 2018. In the development of the device has already invested about $ 30 million.
Bitmain's mining machines that have dominated the market in recent years. Over 70% of the network capacity is now produced by Bitmain machines, and about half are pools that are either directly owned or closely related to Bitmain - for example, AntPool, BTC.com, ConnectBTC and ViaBTC. BtcDrak considers that it is a problem of centralization. He hopes that DragonMint 16T will offer an alternative to Bitmain's mining machines.
One manufacturer as a monopoly is not good for Bitcoin. Centralization in mining is a problem regardless of how benevolent you are. If there is a center, then governments and criminals can attack it. Decentralization protects the entire system and all its participants. So I wanted to bring competition.
Bitcoin Core developer.
Already Halong Mining done building on the research over the past year. And now the company is considering open sourcing its board designs and software.