China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397.

Beyond energy efficiency, the new mining processor promises to achieve faster performance for mining cryptocurrencies that use the SHA256 algorithm for their proof of work (PoW), including Bitcoin and its hard forks.

Like the BM1391 chip that came before it, the BM1397 will be powered by the advanced semiconductor manufacturing technology called the 7nm FinFET process, integrating more than a billion transistors and “optimized for maximum efficiency.”

A statement from Bitmain on its blog reads:

“The new BM1397 chip requires lower power and can offer an energy consumption to computing ratio as low as 30J/TH. This is a…

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Source: https://thebitcoinnews.com/bitmain-unveils-its-latest-energy-efficient-mining-chip-for-bitcoin/