Bitfury Group, the bitcoin (BTC) mining software manufacturer has come up with a new generation of its BTC mining hardware chip Bitfury Clarke based on its Application-Specific Integrated Circuit (ASIC), as per the announcement published on September 19.
ASIC chips are mining hardware equipped to mine cryptocurrency based on the particular hashing algorithm. They are tailored to use under specific circumstances rather than for general-purposes.
Bitfury is planning to sell the Bitfury Clarke ASIC individually in addition to selling them with their other BTC mining hardware, which also includes its BlockBoxes and mining servers. With plans to implement the new ASIC in their mining centers in Georgia, Iceland, Norway and Canada, Bitfury further detailed the chip as –
“The 14nm Bitfury Clarke ASIC is fully customized for SHA256 bitcoin mining. It can execute a hashrate up to 120 gigahashes per second (GH/s) and a power efficiency rate as low as 55 millijoules per gigahash (mJ/GH). The supply voltage required by Bitfury Clarke can be as low as 0.3 volts.”
Last December, the Toronto-based BTC mining company Hut 8 was launched with Bitfury providing the company with access to necessities including the mining hardware. The company has mined around 1,900 BTC since its inception and in July, they announce themselves as the world’s “largest publicly-traded” operator by capacity.
According to a report from Cointelegraph from last July, the sources from the “upstream supply chain” pointed out the dropping sales of ASIC mining hardware along with a prediction of 20% price drop that month. Affected companies included the Taiwan Semiconductor Manufacturing Company and Global Unichip the integrated circuit (IC) design service partners.
The price of specialized graphics processing units (GPUs) had also been in decline with the sliding cryptocurrency market.