OnMiners S.A. is launching a new generation of endothermic cryptocurrency mining rigs that promise high power but low energy consumption while reducing heat and noise generation.
Lowering Mining Costs with Endothermic Chips
New companies and new technologies are entering the crypto mining space with the aim of lowering costs and energy consumption. OnMiners is one such company based in Luxembourg that was founded by a group of financiers that have invested in the creation of a new generation of Endothermic Multi-Algorithm CHIP.
Endothermic refers to a chemical reaction that absorbs energy from its surroundings and lowers the temperature.
On March 18, 2019, OnMiners announced the official launch of three mining rigs namely, On2U, On4U, and OnTower.
These rigs can mine an array of cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Monero (XMR), Dash (DASH), and Zcash (ZEC). OnMiners specifies the hash rates that each rig delivers, as follows:
• On2U: 140 TH/s for Bitcoin, 38 GH/s for Litecoin, 5 GH/s for…