Events 11 December 2018Paul How
7nm ASICs coming to market by 2019, MicroBT’s Jordan Chen says
At CoinGeek Week, MicroBT Technology Vice President Jordan Chen presented the current market leaders among ASIC miners, and also shared his projections for the industry in 2019 and beyond.
Jordan Chen of MicroBT Technology foresees the end of Moore’s Law, where computing power will cease to double every two years. He cites foundry companies’ technology roadmaps placing 2023 or 2024 as the time when Gordon Moore’s observation will no longer apply, due to physical limitations. By that time, one-nanometer (nm) chips are expected to be available in the market, and power consumption per terahash (W/TH) will go down to single digits.But this is getting ahead of things. While one of MicroBT’s goals is to extend Moore’s Law for as long as possible, the current reality is that leading BTC miner, MicroBT’s WhatsMiner M10, released in September 2018, has a 16nm chip, operates at 65 W/TH and generates 33 TH a second, costing $30/TH. On low power mode, consumption is 57 W/TH, at 28 TH/s.
“I can be proud to announce that this is the best product which you can really test in your mining farm, in the market at the moment,” Chen said during his presentation at CoinGeek Week’s invitation-only Miners Day event last month. By 2019, he expects miners will be using 7nm chips, with their energy efficiency making for competitive market prices.
“Of course, you may have heard a lot of people like two Japanese players, a handful of Chinese players working on the 7-nanometer process, and there’s also launches in the market, a couple of them. But the majority of them, the actual performance is above 80 W/TH,” he said.
Chen explained that “it will still take a while to ramp up the yield, ramp up the maturity of the technology. In the short time being, we think our product… is still the best product in the market.” This, according to him, includes those who use AsicBoost for operations.
Chen said that the chips to come, whether 7nm or 10nm, will continue the downward trend for power consumption, lowering this by 30%-50% in 2019, while increasing TH/s by 30%-50%.
A little later on, he sees the rationale for the proof-of-stake system (PoS), of requiring less power for block generation, as moot. “The guys promoting PoS will surrender. So we really provide the environmentally friendly, energy-saving solutions,” he said.
Chen also presented how full-custom design made for more efficient miners, in that energy can better be allotted for the specific task of mining. “We firmly think that full-custom will be the trend for the chip design,” he said.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Events 15 January 2019
Pause Fest official side event ‘The Future of Bitcoin’ tackles how Bitcoin’s next 10 years will play out
To gain more insights into the next decade in Bitcoin and blockchain, join the Pause Fest official side panel event, titled “The Future of Bitcoin,” which will be held on February 7.
Events 14 January 2019
Look into the future of blockchain in 2019 and beyond with Faiā ‘The Great Reset’
New marketing and consulting firm Faiā has organized a night of in-depth talks around the future of blockchain as part of its Singapore launch on February 1. The Great Reset will bring together leaders in the crypto and blockchain space to answer questions like why on-chain scaling must happen sooner than later.
Events 14 January 2019
Over 150 blockchain companies to gather at the Japan Blockchain Conference in Yokohama
After a successful inaugural round in Tokyo last year, the Japan Blockchain Conference (JBC) is making its way to Yokohoma this January—and over 150 cryptocurrency and blockchain companies from around the world have signed up to participate.