Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by Samsung

Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by Samsung

This week the firm Squire Mining, a company that plans to offer next-generation 10nm ASIC chips, has revealed it is working with Samsung Electronics as its foundry partner. With help from Samsung’s foundry, Squire, and a company called Gaonchips, plan to complete its ASIC chip FPGA prototype by September 30, 2018.

Also read: Ebang Announces 44 Terahash E-11 Miners With 10nm Chips

Squire Mining Announces New ASICs Will Use Samsung Semiconductors

Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by SamsungOn Tuesday the company Squire Mining Ltd., (CSE: SQR), has announced the business partnered with two leading firms from Southeast Asia, Gaonchips and Samsung Electronics. According to the Canada-based Squire, the collaboration will focus on producing next-generation 10nm ASIC chips for bitcoin mining. Gaonchips will be used for Squire’s semiconductor design house and Samsung will manufacture the ASIC chips in Korea.

Squire explains during the firm’s partnership announcement on September 25 stating:  

Our front-end development team of engineers and programmers is currently working with Gaonchips to develop the company’s initial ASIC chip to mine Bitcoin Cash, Bitcoin, and other associated cryptocurrencies using a wafer process technology that, once confirmed and accepted as meeting certain prescribed specifications and criteria, will form the basis of an initial mass production test run of the ASIC chip by Samsung Electronics.

Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by Samsung

Squire Closes $19.5M Private Equity Financing, Alongside a Partnership With Coingeek

Squire has been making a lot of moves within the cryptocurrency industry lately. Back in August Squire closed its non-brokered private placement equity financing of $25,500,000 CAD ($19.5 million USD). During the same week in August, the blockchain company and mining pool Coingeek revealed it was partnering with Squire. Coingeek explained that it would be using Squire’s 10nm chips but would be allowed to use the Coingeek brand. Coingeek explained it would be “granted the exclusive right to market, promote, solicit, sell and distribute Squire’s new ASIC chips and mining rigs” for bitcoin cash (BCH) mining.

Bitcoin Mining Bolsters Samsung and TSMC to Provide the Next Generation Chip Technology

Samsung has been quietly entering the ASIC mining industry with stealth in 2018. It seems Samsung has also allegedly made chips for a few other mining manufacturers this year for mining rig producers like Innosilicon. Halong Miners claimed to use Samsung 10nm chips this year, but the firm has been accused of being a mock-up company who quickly sold a batch of rebranded Innosilicon miners. Still, the Innosilicon T2 and T2 Turbos do have Samsung 10nm chip technology. Furthermore, we reported that Samsung and TSMC would be the lone manufacturers this year because Globalfoundries has canceled the firm’s next-generation 7nm semiconductor production.

Samsung and TSMC have stated record earnings in 2018 have been attributed to ASIC semiconductor manufacturing. Further, a slew of new mining rigs have been announced over the past few weeks like Ebang’s E-11 series with 10nm chips. However, Ebang, Canaan, and a few other manufacturers using 10nm technology have not revealed which foundry their new 10nm architecture derives from. Earlier this week a Bitmain representative told news.Bitcoin.com that the new BM1391 ASIC 7nm chip stemmed from TSMC foundry.

What do you think about Squire’s recent partnership announcement with Samsung and Gaonchips? Let us know what you think about this subject in the comment section below. 


Images via Shutterstock, Samsung, SQR Mining, and Pixabay


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Ebang Announces 44 Terahash E-11 Miners With 10nm Chips

Ebang Announces 44 Terahash E-11 Miners With 10nm Chips

The China-based Ebang Communication, one of the largest ASIC mining chip makers in the region has announced a new series of mining rigs this week at the World Digital Mining Summit in Tbilisi, Georgia. Ebang has revealed three new bitcoin mining rigs for its Ebit Miner E-11 series that claims to boast hashrate speeds between 30-44 trillion hashes per second (TH/s). 

Also read: Here We Go Again — Crypto-Community to Deal With Another Foundation

Ebang’s New E-11 Miner Claims Speeds of Up to 44TH/s

Ebang Announces 44 Terahash E-11 Miners With 10nm ChipsBitcoin miners will have a lot of mining rigs to choose from, as it seems a wide variety of new machines will be entering the market shortly. This week the firm Ebang Communication has announced it will soon be launching three new ASIC mining devices for SHA-256 compatible coins. The firm’s next generation Ebit E-11 series models will utilize 10nm semiconductor technology with efficiencies up to 44J/TH. According to Ebang’s website, the E-11 series miners sales will be “forthcoming.” 

The three models were highlighted on the company’s advertisement display published on the Chinese forum and messaging service Wechat. According to the ad, the new Ebit miners will be the E11 (30TH/s), E11+ (37TH/s), and the more powerful E11++ (44TH/s). The news follows Bitmain Technologies announcement at the mining event in Tbilisi, when the company’s CEO told the crowd about the firm’s next-generation ASIC BM1391 7nm Finfet chip design. If Ebang’s claims are true, the E11++ may outperform Bitmain’s new Antminers but only by 2J/TH. Further, if the machines eventually launch publicly, the Ebang Ebit E11 and the new Bitmain Antminer BM1391 will be the most powerful bitcoin mining devices on the planet. 

Ebang Announces 44 Terahash E-11 Miners With 10nm Chips

Next Generation Miners: With Specs Like These a Lot More Hashrate Is Coming Soon

Of course, depending on the pricing of all the mining units being manufactured this year, these two will also battle a lower tier of models that still outperform most of today’s machines with speeds up to 33TH/s. For instance, GMOs B3 (33TH/s), Whatsminer M10 (33TH/s), Canaan’s Avalon 9 (30TH/s), and Innosilicon’s T2-Turbo (24TH/s). Most all of these models, including the new Bitmain Antminer and Ebang’s E11++, will be using semiconductors between 10-7nm. All of them use next-generation chips except for the Bitewei Whatsminer M10, as the Shenzhen-based mining chip manufacturer claims the machines still use 16nm architecture.

Ebang Announces 44 Terahash E-11 Miners With 10nm Chips

The general public has yet to see most of these models in real life, but some of the mining rig manufacturers claim to be shipping soon. Some of the models also detail a price but with some of the other announcements no one knows the costs per machine yet or release dates. So until Ebang and Bitmain release these machines the second tier units sold by GMO, Innosilicon, and others will likely gain some lead time. Moreover, the SHA-256 difficulty at the time and price per mining rig and electric costs will come into play when these other machines eventually launch. 

Additionally, if all the terahash output variances between all these machines are so different for older generation semiconductor technology like 16-14nm (Bitfury has also just announced its own 14nm ASIC chip), and next-generation 10-7nm chips — One can definitely assume even better machines with even more powerful hashrate outputs can be manufactured.

What do you think about Ebang’s new E-11 series miners? What do you think about all of these miners that are expected to launch soon? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Wechat, Ebang, and Pixabay.  


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Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system. Now another new SHA-256 mining rig called the ‘Whatsminer M10’ is joining the competition and the manufacturer claims it will boast speeds of up to 33 trillion hashes per second (TH/s).

Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies

Pangolin Miner Begins Selling the 33 Terahash Whatsminer M10

Last January a mining manufacturing company called Pangolin Miner released a SHA256 mining rig called the Whatsminer M3 that processed a maximum hashrate of 12TH/s for a power consumption of 2000W. This summer the company has announced the launch of a new miner called the Whatsminer M10, and according to the specifications, it will compete with GMO Group’s B3 mining rig. Pangolin’s specs for the M10 show the new rig will have a hashrate of around 30-33.5 TH/s and pulls about 2150W from the wall. At the moment Pangolin is selling its first batch for September 20 delivery, and the second batch for November 20.

Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines
Pangolin Miners Whatsminer M10.

The M10 Still Uses the Older Generation 16nm Fabrication Process

What is interesting about the M10 is that it doesn’t use 10nm or 7nm chips for its ASIC mining rigs, as the Whatsminer M10 still uses 16nm architecture. The company’s prior model the M3 was the similar as it processed speeds of up to 12TH/s but with 28nm chips. Pangolin has also published a video of the M10 in action, but the machine only processed at 30TH/s. The creators detail the test is “not the final version of the machine.” The video also details the rig has 315 16nm Finfet chips and the M10’s power consumption pulled 2042W off the wall during filming.

“The M10 features a new all in one structure that further enhances computing power and it is also easy to disassemble, which reduce maintenance costs,” says Pangolin. “After sixty minutes of working the background shows a hashrate stabilize at 30TH/s — The Whatsminer M10 has a lot of room for improvement.”

Mining Manufacturers Using 10nm and 7nm Chips Sell Out Quick

The M10 will compete with GMO Group’s B3 (33TH/s), Canaan’s Avalonminer A9 (30TH/s), GMO Group’s B2 (24TH/s) and Innosilicon’s T2 Turbo (24TH/s). Moreover, GMO Group and Canaan Creative use 7nm architecture, while the Innosilicon T2 Turbos use 10nm chips. Now while many of these new machines are super powerful, most of these miners are difficult to acquire. For example, the SHA-256 miners manufactured by Ebang and Halong Miners have been sold out for a long time.

Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

GMO Group’s B2 is also sold out, and customers can only purchase the B3 model right now. In contrast to the lack of accessibility, the Bitmain developed Antminer S9j is only 14.5TH/s, and the machines are always available for purchase. Bitmain also revealed the Antminer Hydro this week that boasts speeds of up to 18 trillion hashes per second (TH/s), but uses a water-cooled system to reduce noise and increase operation life. Like most Bitmain hardware the Hydro is also accessible today, and the rig is available for September delivery today.

16nm ASIC Mining Rigs Are Not Going Away in 2018

Furthermore, manufacturers making SHA-256 mining rigs that bolster 7nm technology may have some difficulties acquiring these semiconductors from the foundries. On August 27 reports detailed that Globalfoundries is shifting its manufacturing strategy and has decided to stop its 7LP (7nm) fabrication processes. Essentially, this means that mining rig manufacturers will have to deal with only one manufacturer TSMC, who was the first foundry to complete 7nm architecture. Samsung has been working on the 10LP (10nm) fabrication process and doesn’t expect to complete the 7nm fabrication until 2019

Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines
According to reports, TSMC will be the only foundry producing 7nm chips at the moment.

With only one firm creating 7nm chips it’s likely demand will exceed availability and most giant mining facilities will still be using 16nm machines for quite some time. If the Whatsminer M10 performs at 30-33.5TH/s then older generation chips will still be competitive against machines produced with 10nm and 7nm technology. Moreover, if the M10 produces what the specs claim, then one can assume that newer rigs made with 10nm and 7nm technology could outperform GMO’s latest B3 as well.

What do you think about the Whatsminer M10 and its 16nm technology processing 30TH/s? Let us know what you think about this subject in the comment section below.

Disclaimer: Bitcoin.com does not endorse Pangolin Miners products/services. This article is provided for general informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, Pangolin Miner, and Pixabay. 


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SHA-256 Mining Hashrate Climbs Significantly in One Year

SHA-256 Mining Hashrate Climbs Significantly in One Year

Over the last year, SHA-256 mining, the process that’s used to find blocks on both the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, alongside a slew of other cryptocurrencies, has grown exponentially. Digital asset trading markets have been in a slump over the last eight months of 2018, but the bearish sentiment has not affected the hashpower behind these cryptocurrencies and, in fact, it has increased aggressively.

Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies

The SHA-256 Mining Hashrate Has Grown Considerably Large Over the Last Year

The SHA-256 mining algorithm and other mining operations involve the process of computing devices verifying and compiling recent blockchain transactions, alongside solving computational problems in order to find a block. Miners who find a block are awarded freshly minted cryptocurrencies and all the fees associated with the transactions in the block. This incentivized system has grown significantly competitive which in turn has innovated both semiconductor production and a significant advancement in Exascale computing. Over the last few months, cryptocurrency markets have been bearish and prices have dropped considerably since the end of 2017. However hash power has not followed suit with the price and, in contrast, it has grown feverishly larger with each waking day.

SHA-256 Mining Hashrate Climbs Significantly in One Year
Today BTC captures around 47 exahash per second while BCH holds a little above 4 exahash.

Bitcoin Cash Network Hashrate Has Increased Fourfold in One Year

SHA-256 Mining Hashrate Climbs Significantly in One Year
BCH hashrate is averaging around 4.13 exahash today.

The Bitcoin Cash network at the time of writing is capturing around 4.13 exahashes per second today and over the last seven days, it’s averaged around 4. Right now there’s been over 65,000 BCH blocks mined since August 1, 2017, and the chain is over 6,600 blocks ahead of the bitcoin core (BTC) chain. On Sunday, August 19, 2018, the BCH chain is operating at 9.87 percent of BTC’s sum block difficulty. Since last August the Bitcoin Cash network hashrate has increased remarkably and the amount of mining pools has notably changed as well. For instance, during the first week of August 2017, there were only a few mining pools processing BCH blocks such as Viabtc, Bitcoin.com, an unknown miner from Hong Kong, and a few other unknown miners. Weeks later on August 21 many other miners joined the BCH network such as Bitclub, Antpool, Batpool, and BTC.com bringing the BCH hashpower up to approximately 2 exahash.

A Variety of BCH Mining Pools and New Leaders

Now a year later the BCH network has roughly 13 different mining pools including Coingeek, BMG Pool, Rawpool, BTC.com, Viabtc, Antpool, Bitcoin.com, BTC.top, Sbi Crypto, F2pool, Huobi, and a few unknown pools. Mining power has shifted hands since because twelve months ago the unknown miners and Viabtc commanded a large portion of the BCH hashrate. Now the biggest mining pool over the last seven days is Coingeek with 23.4 percent of the network hashrate over the last week and 31.9 percent today.

SHA-256 Mining Hashrate Climbs Significantly in One Year

Then there are two to three unknown mining pools (can be differentiated by coinbase data) that hold about 20 percent of the BCH hashpower. The following top BCH miners include BMG Pool (10%), Rawpool (9.8%), BTC.com (8%), Viabtc (6.7%), and Antpool (6.5%). Other pools like F2pool and GMO Group have mined the BCH chain a few times over the past year as well. Essentially since the first week of August 2017, the BCH hashrate has grown fourfold and a lot more miners are processing BCH blocks.

Bitcoin Core Hashrate Climbs to 48 Exahash Per Second

As far as the Bitcoin Core (BTC) network hashpower is concerned a lot has changed since the first 2017’s first week of August. During the second week of August 2017, the BTC hashrate was around 8-6 exahash per second but has since increased 500 percent to around 48.2 exahash per second today. Hashrate distribution has changed quite a bit in the BTC mining world as well as there are now roughly 16 different mining pools. Right now there’s an unknown miner processing 13.3 percent of the BTC network. The top BTC mining pools have also shifted quite a bit with the largest pool being BTC.com (16.6%) followed by pools such as Antpool (14.6%), unknown (13.3%), BTC.top (12.3%), and Slush Pool (11%).

SHA-256 Mining Hashrate Climbs Significantly in One Year

The Use of Overt Asic Boost Touches a High This Month

One particular interesting statistic is the use of overt “version-rolling” Asic Boost on the BTC network has increased since the Blockchain Defensive Patent License (BDPL) initiative was announced this past March. According to statistics, the use of Asic Boost whether overt or covert can increase mining efficiency by 20-30 percent. So far since March, the use of overt Asic Boost had crossed roughly 5 percent of the entire BTC network on August 1, 2018.

SHA-256 Mining Hashrate Climbs Significantly in One Year
Asic Boost has captured 5 percent of blocks found a couple times so far in August.

On August 13 the network touch around 4.4 percent of all blocks found with Asic Boost and the average is around 3 percent today. Slush Pool has found the most blocks on the BTC network using overt Asic Boost (40%) while F2pool follows slightly behind (20%). Other mining pools utilizing Asic Boost include Ckpool, Bitclub, Bitfury, Wayi.cn, Poolin, and an unknown miner. The unknown mining pool commands 11 percent of the sum of all overt “version-rolling” Asic Boost blocks found.

The Largest Computational Systems Worldwide Have Pushed Semiconductor Tech Forward

All of this means the power of SHA-256 mining has become one of the most powerful computational systems here on earth and it continues to grow. Further Satoshi’s design to create an incentivized system that processes and verifies transactions has also pushed the envelope when it comes to semiconductor and MOSFET innovation. SHA-256 mining has excelled the creation of 10nm and 7nm chips which were one year behind schedule according to Moore’s Law.

SHA-256 Mining Hashrate Climbs Significantly in One Year
The GMO B3 uses 7nm chip technology while the Insilicon T2 uses 10nm chips. 5nm technology should meet production in 2-3 years and SHA-256 mining may make that timeline move faster. 

These chips and the firms that have created super powerful mining rigs like GMO’s B3 (33TH/s), Innosilicon’s T2-Turbo (24TH/s), and Canaan’s newly introduced Avalonminer A9 (26.5-30TH/s) should push the overall SHA-256 hashrate even more exponentially. There are only four foundries worldwide that manufacture 7nm chips (Samsung, Intel, TSMC, and Global Foundries) and Satoshi’s creation has bolstered the demand for these innovative chips. 

Markets may be bearish this year but the mining industry is growing faster than we can fathom, and the computational power behind Satoshi’s invention proves more powerful than the fiat spot price per coin.

What do you think about this year’s mining statistics continuing to grow stronger while the prices of cryptocurrencies have been floundering? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Coindance, Blockchain.com charts, Fork.lol, GMO Group, Innosilicon, and Asicboostdance.


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The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering

The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering

The cryptocurrency economy is nearing the end of 2018’s fifth month after a spectacular year of bullish prices throughout 2017. The past five months have been incredibly bearish as far as market values are concerned but the processing power of digital assets, particularly SHA-256 cryptocurrencies, continues to increase exponentially. Today SHA-256 miners makeup on of the largest computational networks ever created since the dawn of the internet.

Also read: Prague Subway System Now Has Ten New Bitcoin ATMs

SHA-256 Mining Has Created One of the Largest Computational Systems in the World

There’s always a lot of talk about how valuable cryptocurrencies are today or how much electricity miners use to process blocks across the multitudes of public blockchains. However, there usually isn’t much talk about the powerful computational processing power these networks achieve on a daily basis. Since the inception of the original Bitcoin network back in 2009, and the myriad of other SHA-256 networks leading up to today has led the significant advancement in Exascale computing.

The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering
The most profitable SHA-256 cryptocurrencies on the market today on May 28, 2018 according to Coinwarz.

Cryptocurrencies with the SHA-256 algorithm are processed by mining computers and at a speed at which miners complete a hash operation (complex math problem) which then, in turn, is called the hashrate. When an individual miner or organized pool has a higher hashrate it increases their chances of finding the next block reward. These rewards and the profitability of cryptocurrencies as a whole has truly led to one of the largest computational networks ever created.

Computer Scientists Expected Computers to Break the ‘Exahash Era’ in 2018 SHA-256 Cryptocurrency Networks Broke the Record Two Years Before the Predicted Date  

Exascale computing refers to a system that can process more than one exaflop per second  which is equal to one billion calculations per second. Back in May of 2013, the BTC network surpassed 1 exaflop, which at the time was six to eight times faster the combined speed of the top 500 supercomputers in the world. Today, the BTC hashrate is over 30-35 exahash per second or over 30 billion gigahashes per second, and the BCH network is 3-5 exahash per second or over 5 billion gigahashes per second.

The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering
The BTC network hashrate breaks 1 exahash back in January 2016.

Back in 2009 when the IBM Roadrunner supercomputer broke the petaflop (1,015 operations per second) record, computer scientists estimated exascale computing would be realized by 2018. Coincidently the Roadrunner supercomputer surpassed the petaflop the very year Satoshi launched the blockchain network that utilized Nakamoto Consensus. But the BTC network surpassed 1 exahash in 2016 and the BCH network exceeded 1 exahash in late 2017, as both networks have gained incredible amounts of processing power since then. The BCH and BTC networks combined account for more than 2/3rds of all the hashrate among every SHA-256 coin in existence.

The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering
May 28, 2018, the BTC network’s absolute hashrate in exahashes per second is 35 exahash according to Blockchain.info. 

The World’s Strongest Computational Networks Has No Government or Corporate Backing Just Miners Voluntarily Processing Blocks for an Incentive

The fact that Nakamoto Consensus has taken cryptocurrencies into the age of the exahash era is simply astounding, especially seeing how there is no corporation or government behind these operations. ASIC manufacturers and miners looking for profit have driven this computational processing power to record-breaking levels and it is a  significant achievement in computer engineering.

The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering
Side by side POW statistics for BCH and BTC on May 28, 2018, according to Fork.lol.

Someday if SHA-256 networks can surpass 500 exahash, then the processing power will see these network(s) enter the zetahash era. The hashrate will likely climb further as 10 and 7 nanometer (nm) chips are installed into new mining rigs later this year. Love them or hate them miners have formed a symbiotic relationship with Nakamoto Consensus pushing forth computational limits into the age of the exahash era. The aforementioned metrics show that even though markets are down over the past few months, a lot of individuals believe in the long-term power of this technology, and these believers are continuing to smash computational records month after month.

What do you think about the processing power of SHA-256 coins that use Nakamoto Consensus like BCH and BTC? Do you think this amount of processing power is a milestone in computer engineering? Let us know in the comments below.


Images via Shutterstock, Blockchain.info, Coinwarz, and Fork.lol.


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The Results Are In: Dragonmint T1 Doesn’t Make the S9 Obsolete

The Results Are In: Dragonmint T1 Doesn't Make the S9 'Obsolete'

There’s been a lot of skepticism aimed at the company Halong Mining and its machine the Dragonmint T1. The firm announced in November of 2017 that it would be distributing its Dragonmint devices in 2018 and stated its miners would be the most efficient machines on the market. So far, after all the controversy, some Dragonmint miners have been delivered and reviews show the machines do produce close to 16 terrahash per second during operation  but the rigs are not even close to being 30 percent more efficient than the S9 as claim in November.

Also Read: NYDFS Superintendent Was Wrong — Bitlicense Severely Damaged Bitcoin Businesses

Myrig Mining Distributor Claims Samsung 10nm Chips Power Halong Miners

This week cryptocurrency enthusiasts have been talking about the new Dragonmint device, a SHA-256 BTC/BCH miner produced by the firm Halong Mining. On April 10 the mining device distributor Myrig stated on Twitter that the company Samsung and its semiconductor technology is “what powers Halong Mining DragonMint T1.” According to the owner of Myrig, the application-specific integrated circuit (ASIC) designed by Samsung is a 10-nanometer (nm) design.

 “Yes Samsung, and Yes 10nm —  I’m sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos,” reveals Myrig’s tweet.

The Results Are In: Dragonmint T1 Doesn't Make the S9 'Obsolete'

Cobra Apologizes

Samsung revealed it was building ASIC technology for cryptocurrencies back in January of this year. News.Bitcoin.com reported on the firm’s foundry producing these ASICs for an “unknown Chinese mining hardware manufacturer.” Reports stated that Samsung was developing both GPU and ASIC semiconductors, and the technology would feature 10-nm chips. On the Halong Mining website, there is no mention of 10nm chips being utilized in any of its mining rigs. At the moment all of Halong’s manufactured batches are completely sold out and the website’s shop page says all of its miners are “unavailable”

The Results Are In: Dragonmint T1 Doesn't Make the S9 'Obsolete'

The news also follows the anonymous co-owner of Bitcoin.org calling Halong Mining a “scam.” However, on Friday, the 13, 2018, Cobra Bitcoin apologized to the Halong Mining company.

“I was completely wrong about Halong Mining,” explains Cobra Bitcoin over Twitter.  

Even though they’re secretive and mysterious company and raised some major red flags, it seems they’ve delivered functional hardware as promised. I’m extremely sorry to them for my attacks and I await my shipment of crow.

As news.Bitcoin.com reported earlier this month, individuals started getting their Halong Mining machines and have been tweeting pictures of some Dragonmint T1s being unboxed. Moreover, there were also pictures of side-by-side comparisons of the Bitmain Technologies-made Antminer S9 chipsets and the T1. At the time there were not many reviews online detailing the machines’ performance. There are a few reviews now online, alongside a video of the machine in action side-by-side with an S9.

The Results Are In: Dragonmint T1 Doesn't Make the S9 'Obsolete'
The Bitmain Technologies manufactured Antminer S9.

Reviews Are In: Dragonmint T1 and Antminer S9 Side-by-Side Comparisons Show the S9 is Not Even Close to Being ‘Obsolete’

The well known ‘Miner Digi’ Youtuber published a video demonstration on the Halong rig on Apr 11, 2018. After being connected to the Myrig 1600 watt PSU the Dragonmint did in fact reach close to 16 TH/s after some attempts to connect with Slush Pool. The video shows over a long period of time the machine consistently clocked between 15.5 to 15.9 TH/s in Miner Digi’s video. The Dragonmint machine in the video was roughly the same size as the Antminer S9 and the device made a distinct sound compared to the S9 as well.

The Results Are In: Dragonmint T1 Doesn't Make the S9 'Obsolete'
The Halong Mining manufactured Dragonmint T1.

Antminer S9s hash anywhere between 13.2 to 14 TH/s which is less than the Dragonmint’s hash performance, but the S9 cost $1,288 per unit as opposed to the first T1 batch price of $1,595 and a minimum of five per order. Eventually, Halong did allow single purchases for the T1 miners, but sold out quick, and the T1s have been “unavailable” ever since. In addition to the 16 TH/s, Halong also claim on its website the devices use (overt) “version-rolling” ASIC Boost technology. The Halong miner is anywhere between 1.5 to 2.5 TH/s faster than the S9 but costs more than $300 more per unit. Moreover, the performance is a stark contrast to being 30 percent more efficient which was a claim stated by bitcoin core developer and Halong Mining associate ‘Btcdrak.’

For instance, another Dragonmint review details the T1’s efficiency is definately a touch higher compared to the S9, “but not by a whole lot.” According to the in-depth review posted April 4, the T1 “ramped up to 14.98 to 15.97 TH/s” but “pulled roughly 1480 to 1497 watts at the wall” The same side-by-side comparison said the “Antminer S9 pulled 1375 [watts] at 14 TH/s.” This means there is a clear wattage discrepancy between both machines and a price difference, which makes performance specs not much different. Even though the T1 is using ASIC Boost and claims to be utilizing Samsung manufactured 10nm hardware, its efficiency is at best minimal. This means calling the Antminer S9 “obsolete” is a pretty absurd statement, to say the least.

What do you think about the Halong Miner Dragonmint series against the Antminer S9? Do you believe the claims that the mining rig utilizes Samsung 10nm technology? Let us know what you think about this subject in the comments below.


Images via Shutterstock, Pixabay, Halong Mining’s website, Bitmain Technologies, and Twitter.


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Intel: Meltdown, Spectre silicon fixes coming 2018; 3D XPoint RAM, not so much

A 3D XPoint wafer. (credit: Intel)

As part of Intel’s fourth quarter financials release, CEO Brian Krzanich promised that chips shipping this year would include true hardware fixes for the Spectre and Meltdown attacks.

The promise to ship chips immune to the attack leaves many questions unanswered. It’s not clear if the fixes will be revisions of current generation Kaby Lake, Coffee Lake, and Skylake parts, or if the modifications will be constrained to the Cannon Lake processors that are expected to ship this year. Nor is it clear what form the fix will take: better, higher-performance versions of the microcode and workarounds already being rolled out, or deeper modifications to the processor’s speculative execution and branch prediction behavior.

The company’s delayed transition to a 10nm manufacturing process also remains murky. At CES, Intel claimed that it had shipped some unspecified chips built on 10nm last year. The first half of this year will see low volume production, ramping to high volume in the second half. But exactly what processors—in what configurations, when, and in what volumes—remains unknown. Both Cannon Lake, built on the 10nm process, and Ice Lake, built on the refined „10nm+“ process, are planned, but the company has said little concrete about exact timelines.

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