The Curious Case of the New ‘Dragonmint Bitcoin Miner’

According to reports from a few news outlets, social media platforms and online forums a new bitcoin mining rig called the “Dragonmint” is joining the bitcoin mining environment in 2018. The machine’s creators claim the device is 30 percent more efficient than current ASIC models on the market.

A New Mining Company and ASIC Device Planned for 2018 Claims to be 30% More Efficient Than Current Market Competitors

In 2017 there’s been a lot of talk about new mining technology and powerful chips below the 16nm standard, but really no show. The 16nm semiconductor fabrication utilized within the Bitmain Antminer S9 and the Avalon Miner 741, are still currently two of the best performing machines on the market. The Japanese company GMO Internet plans to produce 7nm semiconductor chips for bitcoin mining soon.

Now the Dragonmint 16T miner produced by the firm Halong Mining is calling itself “the world’s most efficient Bitcoin miner,” even though it has yet to be sold on the open market. According to a report written by the journalist, Aaron van Wirdum, the Dragonmint miner boasts “newly designed chips” and is “30 percent more energy efficient” than the Antminer S9. The Dragonmint development team claims the model’s hash power produces around 16 THS…

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