Swedish mining hardware firm KnCMiner has deployed a new bitcoin ASIC it says will be a “game changer” for the industry.
First announced last November, the 16nm Solar is six times faster than the company’s current 20nm design. Unlike conventional ‘flat’ chips, its components are stacked three-dimensionally to increase efficiency and processing speed.
Sam Cole, KnCMiner’s CEO, said in a statement:
“We’ve produced four consecutive all-new chip designs in only two years, exceeding even Moore’s Law and we see no signs of this development slowing down going forward.”
KnCMiner, which raised a $15m Series B in February, also unveiled details of a new mining facility in Boden, Northern Sweden. The 18,000-sq ft warehouse – roughly the size of four basketball courts – is scheduled to launch this September.
All upcoming data centres will run exclusively on the 16nm Solar, Cole told CoinDesk, with all 28nm chips being “phased out”.
At a time of declining profitability and squeezed margins, efficiency is paramount as mining firms jostle for economies of scale.