BIT Mining LimitedBitcoin mining company announced a strategic partnership with Chain Reaction, a semiconductor company focused on privacy hardware for the production of the next generation of bitcoin miners. The systems will be based on the solution EL3CTRUM ASIC.
.@crowdfundinside has also posted in-depth #news coverage of our latest collab with @chainreactioni0. ⛓️
“With the #crypto #mining industry continuing to evolve, BIT Mining looks to develop systems that are more efficient, accessible, and sustainable.” 🙌https://t.co/nCKC4b3zx5
—BIT Mining Limited (@BITMining_BTCM) May 23, 2023
@crowdfundinside has also published detailed coverage #news from our latest collaboration with @chainreactioni0. with the industry #crypto #mining constantly evolving, BIT Mining seeks to develop systems that are more efficient, accessible and sustainable
BIT Mining is a market leader in next generation architecture and mass production of high performance, low power systems in the cryptocurrency mining industry.. By partnering with Chain Reaction, they are set to synergize experience and insight to develop and create a new generation of hardware that will deliver industry-leading performance with low power consumption.
Chain Reaction designs hardware for blockchain, privacy, HPC and the cloud. This company has a team with decades of experience in circuit and analog design, and a track record of 30 successful ASIC tapes headed straight for high-volume manufacturing. The newly created EL3CTRUM ASIC is an innovative chip that serves as the foundation for high-performance and sustainable blockchain technology.
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the first element is an ASIC that uses state-of-the-art circuit design to achieve power efficiency of 19J/TH. With the help of these ASICs, a system is capable of generating 140TH/s of hash power. The ASIC offers a substantially higher hash rate and energy efficiency than other alternatives available on the market and was created to mine Proof-of-Work cryptocurrencies using the SHA-256 algorithmthe one employed by Bitcoin.
Alon Webman CEO of Chain Reaction, highlighted:
Chain Reaction’s next-generation ASICs will enable BIT Mining to build next-generation systems to move the Bitcoin mining industry toward faster, more power-efficient computing
Xianfeng Yang CEO of BIT Mining, said:
We are excited to be working closely with Chain Reaction, a leader in blockchain infrastructure. We believe that through this collaboration we can leverage our individual strengths to provide the mining community with systems that improve benefits and capabilities over the long term. With the crypto mining industry continuing to evolve, BIT Mining seeks to develop systems that are more efficient, accessible and sustainable
Chain Reaction has built a stable supply chain, taking into account the geostrategic and competitive characteristics of today’s IC supply industry. Additionally, the company will provide top-notch customer service to miners. The product line will be accessible and prototypes are already available. The systems developed through this alliance are expected to be released by the end of the year.
Main Image: Chain Reaction
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