One of the largest competitors of the Bitmain company is ready to launch new hardware for bitcoins mining, equipped with 10-nm chip.
The Chinese company Ebang Communication, one of the world's largest chip manufacturers on the basis of integrated circuits for special purposes (ASIC) miner bitcoins, has announced a new generation of products with the updated chip and improved energy efficiency.
At the World Digital Mining event, held in Georgia a few days ago, the company introduced the device series Ebit Miner E11, E11+ E11++. In a short time all these miners will be possible to pre-order.
The E11 is equipped 10Nm chip of the same size as the range of products E10. However, the series equipment E11 is much more effective. So, Ebit++ 11 has a capacity of 45J/TH at 44TH/s and the base model E11 offers Hasrat 30TH/s at 65J/TH.
At the same time, the Chinese company Bitmain claims that still owns 70% of the ASIC miners market for mining cryptocurrency. Shortly before the announcement of the E11 series company Ebang, CEO of Bitmain Jung Woo said that they have developed a 7-nanometer chip for its own next generation devices.
According to Wu, the 7-nanometer chip is able to demonstrate the capacity of 41J/TH. It is therefore unlikely that the next generation ASIC miners from Bitmain will be able to match the performance of new products from Ebang. Moreover, recently the research firm Sanford C. Bernstein & Co published a report which says that Bitmain whose value is about $ 15 billion, is gradually losing its position in the market of ASIC-miners.
In the near future Bitmain, Ebang and another Chinese mining company Canaan Creative is planning to hold an IPO on the Hong Kong stock exchange. According to competent sources, Ebang and Canaan are guided by the amount of one billion dollars, and Bitmain — three billion dollars.