With Bitcoin mining being in the state it is right now, many people around the world are wondering what the next technological breakthrough might be. Will we be using more efficient chips of 28nm, or is there room left to make ASIC chips even smaller and cram in more processing power? KnCMiner has not been waiting for that answer, as they recently shattered world records with their new 16 nm 3D Bitcoin mining chip.
KnCMiner – Bitcoin ASIC Manufacturer
Bitcoin mining has been plagued by a multitude of different factors: low Bitcoin prices, skyrocketing mining difficulty, electricity costs, et cetera. However, the more pressing matter is finding a legitimate and reputable ASIC manufacturer. Many companies have come and gone over the past few years, and only a handful are still standing.
KnCMiner is one of the more popular Bitcoin ASIC mining hardware manufacturers who have been facing many uphill battles yet they are still pushing forward. In recent times, KnCMiner has been making some less favorable headlines due to delivery delays on their Scrypt mining hardware. Those matters have been resolved eventually, and the time has come to look to the future.
Even though KnCMiner has only been around since 2013 – a point in time most people see as “ late entry into the world of Bitcoin” – the company has made a name for itself in that short amount of time. And despite the minor delays with their Scrypt ASIC hardware, KnCMiner remains one of the very few companies who deliver hardware – relatively – on time.
Most of this success has to be attributed to the team designing and manufacturing the ASIC hardware itself. KnCMiner has scored a few “world’s firsts” in that regard, as they were the first company to deliver 28nm and 20nm Bitcoin chip technology. On top of that, KnCMiner is the only ASIC manufacturer capable of delivering the 20nm hardware in the Bitcoin world.
3D Bitcoin Mining Chips at 16 nm
But KnCMiner’s insatiable thirst for pushing technology to its limits was not quenched just yet. Another world’s first is theirs, as the company is now capable of deploying 16nm Bitcoin ASIC chips at scale. And with that smaller form factor, a lot of interesting changes are being introduced to the world of technology.
“We have a great design team, never standing still. We’re going to continue pushing innovation within processor design. We’ve produced four consecutive all-new chip designs in only two years, exceeding even Moore’s Law and we see no signs of this development slowing down going forward.” – KnCMiner CEO Sam Cole told DigitalMoneyTimes.
By using a 3D design, the ASIC chip efficiency is drastically improved. Processor speed is receiving a nice boost due to the data shuffling requiring less distance to travel. And that is not all, as these 16 nm chips are far more power efficient compared to their predecessors. Lower energy consumption is a good thing when it comes to Bitcoin mining.
Once the energy efficiency of Bitcoin mining can be improved, combined with the faster speeds and smaller design of these new ASIC chips, KnCMiner firmly believes this disruptive digital currency can be “the next big thing”. That being said, there is no better time than now to educate people on Bitcoin, it’s advantages and the underlying technology.
Source: KnCMiner Blog
Images courtesy of KnCMiner