A New Line of Impressive ASIC Miners Is Coming to Ethereum

A chip designer with intensive expertise in producing bitcoin mining gadgets is turning her sights on the ethereum protocol.

Chen Min, the former main chip maker at bitcoin mining chip developer Canaan Resourceful, released a new venture to make cryptocurrency mining gadgets named Linzhi. The firm’s first venture tackles the ethhash algorithm applied by ethereum and ethereum basic, with a new line of software-precise integrated circuits (ASICs) miners set to be released sometime up coming calendar year.

Dubbed Task Lavasnow, Linzhi’s new ethereum miner promises to use 1/8th the quantity of energy as Bitmain’s ethash miners, according to a presentation Chen developed for the Ethereum Basic Summit held this week. It also expects to operate 1,400 million hashes per second, compared to 190 from a single of Bitmain’s AntMiners.

The amplified hashpower means a single of Linzhi’s miners should crank out around $20 per day, compared to a projected $3 from a Bitmain miner. As a outcome, the corporation expects customers to break even on the charge of a miner inside 4 months of buy.

Linzhi did not announce how much each and every miner would actually charge.

At present, the corporation is even now doing the job on producing the solution. Prospects may perhaps get started getting their miners in April 2019, according to the presentation.

Even though quite a few unique miners and associates of the ethereum neighborhood at present are opposed to ASICs, Chen mentioned in her presentation that components by itself does not cause centralization.

Somewhat, “it is the fashion of the business enterprise,” she mentioned.

Computer server image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the maximum journalistic expectations and abides by a rigorous set of editorial procedures. CoinDesk is an impartial working subsidiary of Digital Forex Team, which invests in cryptocurrencies and blockchain startups.