After a nine-month delay and investments of $ 3.8 million, the young manufacturer is ready to launch its first batch of new powerful Ethereum and Ethereum Classic cryptocurrency mining machines.
Shenzhen-based Linzhi, a Chinese young company, said on Wednesday that it had ordered 37 silicone wafers from Taiwan Semiconductor Manufacturing Company, which will make about 200 ASICs for the final tests.
These tests are the last key milestone before the launch of miners in mass production. If successful, Linzhi intends to compete with manufacturers of general-purpose computing chips such as NVIDA, as well as mining specialists Bitmain and InnoSilicon, which produce ASIC miners for the Ethash algorithm.
Linzhi announced the launch of its own powerful ASIC miner for ETH and ETC mining in September 2018, six months after its foundation. The declared rated power of the equipment will be
In September 2018, the company announced plans to release Ethash ASIC miners to beat the efficiency of most existing equipment. Chen’s target specification for Ethica ASIC miner Lingy is set at 1,400 MH / s with an electricity consumption level of just one kilowatt hour. For comparison, the power of Antminer E3 is 180 MH / s, while consumption – 800 watts.
The NVIDIA GTX TitanV 8 video card is currently one of the most profitable equipment components for the ethash algorithm, it is able to calculate 656 MH / s, while consuming 2.1 kWh. Linzhi promises us twice as much power with reduced more than two power consumption.
Initially, heavy-duty asics were supposed to go into mass production of tim in the summer, but later the release date was postponed.
“We underestimated the complexity of the chip and the time needed to complete the team and ensure the performance of the company,” Linzhi said, announcing new dates – December 2019 for the production of test machines and February 2020 for launching mass production.
However, the company walks along the blade of the knife, since the Ethereum community has previously voted to activate the asic-resistance algorithm of ProgPow, in order to eliminate the advantage gained by large miners, which expensive expensive specialized chips can afford. On the other hand, developers are in no hurry with its implementation, since they plan to switch to a fundamentally different consensus algorithm.