Bitcoin Miner Bitdeer Says It Has Launched Its 'First Cryptocurrency Mining Chip'

Bitdeer, a bitcoin miner, recently announced the launch of what it refers to as its “first cryptocurrency mining chip.” Bitdeer claimed that the chip could potentially improve bitcoin mining performance without excessive power consumption.

New Rig to Help Bitcoin Miners Minimize Operational Costs

Bitdeer, a leading bitcoin mining firm, has launched what it describes as its first cryptocurrency mining chip. According to Bitdeer, the mining chip, known as SEAL01, was designed using an advanced 4-nanometer (nm) process. This design enables the chip to reportedly attain an efficiency ratio of 18.1 joules per terahash (J/TH).
In a statement shared via X (formerly known as Twitter), Bitdeer said the chip could potentially enhance bitcoin mining performance without consuming excessive power. These attributes help bitcoin miners minimize their operating costs, leading to improved financial performance. The chip is set to be seamlessly integrated into Bitdeer’s mining rig, the Sealminer A1.

Explaining the reasoning behind the decision to develop the chip, Bitdeer highlighted “the upcoming challenges” for bitcoin miners as one of the reasons why it invested heavily in research and development. The publicly listed bitcoin mining firm added:

The SEAL01 empowers miners to navigate the evolving crypto-mining landscape with a solution that offers efficiency, stability, scalability, and sustainability. We have assembled an international team of professional engineers specializing in chip design, firmware, and hardware engineering.

Bitdeer stated that having this team not only helps the industry achieve new efficiency standards but also ensures that miners can capitalize on opportunities that may arise after the halving event. Meanwhile, the miner also revealed that it is preparing to commence mass production of the Sealminer A1 rigs.
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