BW will provide 14nm chips and mining machines for miners

BiNet, a silent and low-key giant in the Bitcoin industry, announced that its 14nm chip product will soon be launched. They believe that the product launched this time will lead BiNet to the forefront of mining technology. BiNet is going global, and this time the company will once again cause a sensation in the industry;

Along with the launch of the new chip, Bitbank will also release a new mining machine based on the chip technology, which will be publicly available in January next year. "Currently, Bitbank has launched a mining machine reservation activity, with 0.87BTC per T of computing power. 333 mining machines add up to 1P of mining computing power. Currently, only reservations with at least 1P of computing power are accepted," Virgilio Lizardo Jr., Bitbank's overseas market director, pointed out in an exclusive interview with Bitcoin Magazine. "Until November 11, 2015, this price will remain unchanged. In January next year, there will be no minimum quantity requirement for mining machine orders, but the price of mining machines has not yet been determined."
BiNet chose to launch a product that can serve the public at a time when most companies only produce mining machines for self-sufficiency. According to BiNet, each 14nm chip can reach 34.6-63GH/s and consumes only 18W at a voltage of 0.59V-0.76V. These data were obtained based on a year-long research and development. Lizardo Jr. revealed that BiNet's technical team took 9 months to successfully develop the 14nm chip.

Lizardo Jr. explained that CoinNet will use 14nm chips in two ways: first, for the manufacture of 14nm mining machines, and second, for its own mining farms. Virgilio said, "The first batch of chips produced by CoinNet will be used in the mining farms currently under construction, and the production of 48P chips is planned to be completed every month."

The additional 48P/s of computing power can increase the current computing power share of CoinNet by nearly 10%.

When we visited Bitmain to launch the S7 miner, their North American marketing director said: "We are currently the only ASIC miner manufacturer. We look forward to seeing other competitors in this field and providing more choices for our customers."

If BiNet needs to make a statement on this, the game starts now.

Jacob Donnelly is a full-time product manager and freelance journalist who writes about Bitcoin at Bitcoin Magazine and runs a weekly newsletter at CryptoBrief.com.

Translation of this article: Zhang Zhijia