BIT Mining And Chain Reaction Partner To Create New Bitcoin Mining Systems


BIT Mining Restricted has introduced a collaboration with semiconductor firm Chain Response to develop next-generation techniques for bitcoin mining. In response to a press launch, the collaboration goals to leverage Chain Response’s ‘EL3CTRUM ASIC’ resolution to create {hardware} that delivers industry-leading efficiency with low energy consumption.

The press launch states that Chain Response focuses on designing {hardware} for blockchain, privateness, high-performance computing (HPC) and the cloud. With a crew skilled in analog and circuit design, the corporate has efficiently produced 30 ASIC tapeouts for high-volume manufacturing. The just lately launched EL3CTRUM ASIC by Chain Response is described as a “groundbreaking blockchain chip that serves as the inspiration for sustainable, high-performance blockchain applied sciences.”

Alon Webman, CEO of Chain Response, defined what the partnership hopes to yield, saying that “Chain Response’s bleeding-edge ASICs will allow BIT Mining to construct next-gen techniques to advance the Bitcoin mining {industry} in direction of quicker, extra energy environment friendly computing.”

“We imagine via this collaboration we will leverage our particular person strengths to supply the mining neighborhood techniques that improve long-term advantages and capabilities,” Xianfeng Yang, CEO of BIT Mining reiterated. “With the crypto mining {industry} persevering with to evolve, BIT Mining seems to develop techniques which can be extra environment friendly, accessible, and sustainable.”

The techniques developed via this collaboration are anticipated to launch later this yr.

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