A chip designer with intensive expertise in creating bitcoin mining gadgets is popping her sights on the ethereum protocol.
Chen Min, the previous chief chip maker at bitcoin mining chip developer Canaan Artistic, launched a brand new enterprise to construct cryptocurrency mining gadgets referred to as Linzhi. The agency’s first venture tackles the ethhash algorithm utilized by ethereum and ethereum traditional, with a brand new line of application-specific built-in circuits (ASICs) miners set to be launched someday subsequent 12 months.
Dubbed Challenge Lavasnow, Linzhi’s new ethereum miner claims to make use of 1/eighth the quantity of electrical energy as Bitmain’s ethash miners, in line with a presentation Chen developed for the Ethereum Traditional Summit held this week. It additionally expects to run 1,400 million hashes per second, in comparison with 190 from considered one of Bitmain’s AntMiners.
The elevated hashpower means considered one of Linzhi’s miners ought to generate roughly $20 per day, in comparison with a projected $three from a Bitmain miner. Because of this, the corporate expects prospects to interrupt even on the price of a miner inside 4 months of buy.
Linzhi didn’t announce how a lot every miner would really price.
At current, the corporate continues to be engaged on creating the product. Clients might start receiving their miners in April 2019, in line with the presentation.
Whereas many particular person miners and members of the ethereum community at current are against ASICs, Chen mentioned in her presentation that alone doesn’t trigger centralization.
Slightly, “it’s the type of the enterprise,” she mentioned.
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