The asics manufacturing space has suddenly gone hot after Innosilicon announced what they claim is a record breaking low energy asics.
In a statement last week they said a new chip has been designed that uses Samsung Foundry’s FinFET technology to achieve an “industry record breaking performance.” They say:
“The current Innosilicon Bitcoin mining ASIC has already been used in the most power efficient miner, known as Terminator2 Miner with 17.2TH at 1430W+10%.
The newly updated T2-Turbo miner offers enhanced 24TH/s performance per a small tube in normal mode and its power consumption can go as low as 75W/TH at the wall in low-power mode, easily 30% better than the closest competing products in the market.”
T2-Turbo is already out and in stock at the cost of 0.2 btc or $1,350. A demo video shows a live performance of as high as 25 trillion of hashes per second (TH/s), far higher than Bitmain’s latest asics which goes up to only 14 TH/s.
The energy consumption at just above 25 trillion was at around 2,000 watts, translating to about 80 W/TH.
Ryan Sanghyun Lee, vice president of Foundry Marketing Team at Samsung Electronics said in a press release:
“We believe that Innosilicon’s T2 Bitcoin mining ASIC, based on Samsung’s advanced low power FinFET process, will offer differentiated value to its customers with notable benefits of power efficiency and high-performance.”
On the same day, Canaan had an even more astonishing announcement to make. A 30 Terahertz asics at just around 53 W/TH.
The Avalon miner, however, is not showing on their website, so it is not clear whether this has launched yet or whether it is available only in China.
By contrast, T2 Turbo is in stock and available on first come first served basis with plenty of older hardware now to potentially be replaced as both are not just more powerful, but also use far less electricity per terahertz.
With these latest movements, the biggest asics manufacturer, Bitmain, has seemingly fallen very much behind. They’ve released numerous asics for many other cryptos, but for bitcoin it has been quite some time since they launched one.
New entrants are apparently making an appearance in asics manufacturing. The big three of Bitmain, Canaan and Ebang, are unicorns with Innosilicon now joining them in performance.