Latest Bitcoin Mining News Release from KnCMiner
Swedish mining hardware firm KnCMiner is deploying a new bitcoin ASIC it says will be a “game changer” for the industry.
First announced last November, the 16nm Solar is six times faster than the company’s previous 28nm design. Unlike conventional ‘flat’ chips, its components are stacked three-dimensionally to increase efficiency and processing speed.
KnCMiner’s CEO, Same Cole said:
“We’ve produced four consecutive all-new chip designs in only two years, exceeding even Moore’s Law and we see no signs of this development slowing down going forward.”
KnCMiner, which raised a $15m Series B in February, also unveiled details of a new mining facility in Boden, Northern Sweden. The 18,000-sq ft warehouse – roughly the size of four basketball courts – is scheduled to launch this September.