7 nm Chips Could Be the Next Evolution for Mining Crypto

As far as crypto mining, the next evolution could come in the form of 7 nm chips, which are with 7 nm transistors. Since June, the chips have already witnessed mass scale production through the consumer market is yet to see them. However, two Japan-based digital coin mining firms, Triple-1 and GMO internet, have created mining rigs for virtual assets with the help of the same 7 nm chips. Miners are already facing a number of issues like power consumption and transaction costs.

Next Evolution

However, the market expects these rigs to be released before the current year ends. Therefore, a lot of bets is placed on it for changing the way the crypto mining is done currently and believes the new chips to be the next evolution, bitcoinnews.com reported. Under the present circumstances, the norm for standard crypto mining is pegged at 16 nm chips. The feature of the new chip is that it will consume only 50 percent of the energy consumed earlier.

This was quite evident when Triple-1 mining rigs developed the 7 nm chips that consumed 0.5 W/GG energy. Apart from that, every chip is having 300 GH/s, 5.2X higher than the 16 nm standard size of the chip. The energy saving is attributed to the fundamental nature of transistors since the processing power increases when more transistors are packed on a chip. This suggested that the new chips could change the game of mining of cryptocurrencies.

Interestingly, Triple-1 CEO, Takuya Yamaguchi, has explained the efficiency level of the new 7 nm chips. He added, “Although mining capacity is more than four times that of conventional products, power consumption is expected to be halved at maximum.” This suggested that rigs could become powerful than ever before and at the same consumes less electricity. The news could be a boon to bitcoin since it could increase the hash rate exponentially. As a result, 16 nm chips could become an obsolete one for mining.

Currently, 7 nm chips are regarded as the thinnest transistors for mass production. Another important thing is that 5 nm chips are produced in laboratories. This could become available or scheduled for mass production in about two years time. There is a possibility of producing a smaller transistor than 5 nm. However, there could be a serious issue of quantum tunneling.

Transistor Could Be Useless

When the transistor is tiny for quantum tunneling, the very purpose of the transistor could become useless. Therefore, there should be a proper channel for a computer to work on it. This could also put an end to Moore’s law that indicated that the transistors number on-chip could double the frequency over time.

This has provided some hint of what is to follow on chips for mining. Now that the 7 nm rigs have come, the next in line could be the 5 nm mining rigs. After that, there are a possibility of 3 – 4 nm rigs. The current situation suggests that anything beyond this level could mean no more efficiency level could be achieved.

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