GMO to Unveil First Japan-Made BTC Miner

B2 proved to be the first miner, which uses 7-nm semiconductor chips, allowing it to gain performance and efficiency advantages over other devices on the market
05 June 2018   771

Tokyo's technology company GMO Internet introduced the first bitcoin miner, fully developed in Japan, CCN reports.

B2 also proved to be the first miner, which uses 7-nm semiconductor chips, allowing it to gain performance and efficiency advantages over other devices on the market. Antminer S9 from Bitmain uses 16-nm chips, and DragonMint Halong Mining - 10-nm chips, which are produced by Samsung.

Yuji Nakamura Twitter
Yuji Nakamura Twitter

GMO considers the release of its own miner as the first step in the competition with Bitmain, which currently accounts for about 80% of ASIC-miners.

Although B2 development took place in Japan, the manufacture of 7-nm chips for new devices is conducted in Taiwan, probably by TSMC, which also supplies Bitmain chips.

B2 will cost $ 1,999, compared to $ 837 for S9, however, by its characteristics it significantly exceeds the flagship product of Bitmain. GMO reports that B2 can reach 24TH / s, versus 14TH / s in S9, with a power consumption of 1950 watts. GMO will begin accepting pre-orders for B2 on June 6, and the first devices will be delivered to the miners in October.

Bitmain May Earn Less Than Expected

Twitter users reports that Jihan Wu's team lowered the company's 2018 projected revenue from $ 8 billion to $ 3 billion
21 August 2018   101

A Twitter user BTCKING555 reported that his sources inside Bitmain, the largest manufacturer of mining equipment, say that Jihan Wu's team lowered the company's 2018 projected revenue from $ 8 billion to $ 3 billion.

BTCKING555 Twitter
BTCKING555 Twitter

At the same time he @'ed the strategic director of Blockstream Samson Mow and the famous crypto-enthusiast Whale Panda, who shared this information. It is noteworthy that Mow wrote that his sources confirm the statement of BTCKING555.

Samson Mow Twitter
Samson Mow Twitter

BTCKING555 also noted potential investors of Bitmain on the upcoming IPO - Sequoia Capital, IDG Capital and Temasek.

It was previously reported that losses in the second quarter of Bitmain could amount to $ 1 billion due to the large position of Bitcoin Cash and the Antminer S9 price drop.

Also, Japanese media corporation SoftBank denied information about its participation in financing Bitmain before the IPO.