The publicly-listed bitcoin mining rig manufacturer Ebang has announced the completion of a new 6nm ASIC mining chip. Ebang believes the next-generation mining chip will give the firm’s ASIC products a “competitive edge” in the ambitious bitcoin mining industry.
Mass Production of 6nm Chips to Begin When Market Conditions Become Suitable
During the last few weeks, Bitcoin’s hashrate has been climbing to new heights as the network tapped 190 exahash per second on March 22, 2021. The price of bitcoin (BTC) has also helped propel bitcoin mining profits, but improved mining rig semiconductors have also increased the hashpower a great deal. Firms like Bitmain, Canaan, Microbt, and Ebang have seen massive demand in 2020 and into 2021. Most of these manufacturers are out of stock after selling mass quantities of ASIC