Re: Japanese company GMO announcing new hardware and mining operation
Along the same lines as I said before ...
There's really only 2 companies outside Bitcoin that work in the same area as Bitcoin miners - nVidia and AMD (GPU)
Even Intel don't produce chips in the league of Bitcoin.
It's a high power, many hundreds or thousands of 'threads'/cores of operation, brute-force, CPU bound process.
Now to put some relevant points on the table:
Why are there no 7nm GPUs yet?
For all we know, it may not be possible to do a massive core, high power, bitcoin 7nm ASIC with the current production methods.
Both nVidia and AMD have made comments suggesting they are doing 7nm but there's also been suggestions about the difficulty in doing that and that they may even be targeting 10nm instead of 7nm.
Basically, if some company who has no experience with GPUs or Bitcoin, comes out making claims about producing a 7nm Bitcoin ASIC, it's either a marketing ploy with no expected miners, or worse, you can expect failure if they haven't got someone from nVida, AMD, Bitmain or Canaan (or Bitfury?
) in there working with them.
There's really only 2 companies outside Bitcoin that work in the same area as Bitcoin miners - nVidia and AMD (GPU)
Even Intel don't produce chips in the league of Bitcoin.
It's a high power, many hundreds or thousands of 'threads'/cores of operation, brute-force, CPU bound process.
Now to put some relevant points on the table:
Why are there no 7nm GPUs yet?
For all we know, it may not be possible to do a massive core, high power, bitcoin 7nm ASIC with the current production methods.
Both nVidia and AMD have made comments suggesting they are doing 7nm but there's also been suggestions about the difficulty in doing that and that they may even be targeting 10nm instead of 7nm.
Basically, if some company who has no experience with GPUs or Bitcoin, comes out making claims about producing a 7nm Bitcoin ASIC, it's either a marketing ploy with no expected miners, or worse, you can expect failure if they haven't got someone from nVida, AMD, Bitmain or Canaan (or Bitfury?
) in there working with them.