Bitmain Launches New Zcash Miner Touting 3 Times More Hashing Power

Cryptocurrency mining giant Bitmain has launched a new miner for the privacy-oriented cryptocurrency zcash, which it claims, has three times more hashing power than its predecessor.

Announcing the news on Tuesday, Bitmain says the new ASIC (application-specific integrated circuit), called the Antminer Z11, is designed to mine cryptocurrencies that are based on the Equihash algorithm, such as zcash.

The company adds the new product offers a hashing power of 135K sol/s (solutions per second), which is “three times more powerful” than its previous Equihash miner, the Antminer Z9, which was released in last May. Sol/s is generally equivalent to h/s (hashes per second), which is the number of hash computations created per second in cryptocurrency mining.

Bitmain further claims that the Antminer Z11, adopting a 12-nanometer chip, is more energy-efficient due to the new internal circuit structure, which can save 60 percent of electricity cost compared to that of Z9.

Bitmain first launched Antminer Z9 at a time when the zcash community was having an ongoing debate on whether the network should be altered to become ASIC-resistant, meaning the network would prevent the participation of miners using ASICs, which are in general more powerful than ordinary Graphic Processing Units.

However, in June last ,  members of the zcash community at the Zcon0 conference voted not to prioritize research efforts on changing the zcash network’s rules in order to make it ASIC-resistant.

Just last month, Bitmain also launched a new 7-nanometer mining processor, called the BM1397, which is designed for proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin and bitcoin cash

Also Read:  IBM, Samsung Ink Agreement to Build Future Power Chips

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More