Bitcoin mining is gaining popularity, and the Hummingbird mining machine invested by Chen Weixing is about to be released

According to a front-line report from Mars Finance , the Hummingbird Miner, a Bitcoin mining machine invested by Chen Weixing of Pancheng Capital, will be released on May 8.

According to the official website, the first generation product, Hummingbird C7, has a computing power of 37T and an energy consumption ratio of 53W/T. The mining chip has the characteristics of low power consumption and high-speed operation. The Hummingbird mining machine is a special mining machine for Bitcoin mining.

According to Mars Finance , Chen Weixing said on social media that Pancheng Capital has invested 1 billion yuan to establish the General Computing Group, which specializes in the research and development and promotion of the blockchain industry. Business includes: 1. vvshare shared economy platform; 2. Flow public chain alliance protocol; 3. Finguo digital asset management platform; 4. Hummingbird mining machine and mining pool; 5. Digital asset encryption chips and equipment; 6. Cooperation in the establishment of Hangzhou Blockchain Research Institute and Zhejiang University Digital Economy Research Institute. The General Computing Group uses a five-year plan to look at the development of blockchain, with the mission of realizing the encrypted digital economy, to create a blockchain infrastructure that can be governed and truly creates trust.

The mining machine market has been gaining popularity recently. Antminer S17 Pro and S17 went on sale on the official website on April 9. On May 1, AMD launched the GPU Radeon VII, which is said to be the world's first 7nm GPU with 1TB memory bandwidth. It will become the most powerful Ethereum GPU mining machine and beat competitors at a lower cost.