SFARDS brings the world’s first ASIC chip capable of mining Bitcoin and …

SFARDS brings the world’s first ASIC chip capable of mining Bitcoin and Litecoin simultaneously

SFARDS says it has successfully completed the world’s first 28nm SF3301 dual-algorithm ASIC chip capable of mining Bitcoin and Litecoin simultaneously. The latest ASIC chip has potential to revolutionize the entire concept of Bitcoin and litecoin mining as it will give a lot of freedom for miners.

Confident after receiving funds from venture capitalist, the Beijing-based company has been on innovation path for quite some time. It received VC funding from Matrix Partners China to become the first cryptocurrency mining company in China to receive this kind of backing. The latest announcement according to the company is just one in the line of many.

The press release from the firm says that SFARDS has successfully completed the world’s first 28nm SF3301 dual-algorithm ASIC chip capable of mining Bitcoin and Litecoin simultaneously. For the purpose the mining machine uses the latest in FD-SOI processing technology. In fact, the SF3301 is the world’s first chip to use the FD-SOI manufacturing process.

Additionally, it is the world’s first 28nm dual-algorithm (SHA-256 Scrypt) chip; capable of mining these two algorithms simultaneously or singularly. According to the company sources the new chip ‘SFARDS’ SF3301 fully utilizes the advantages of the FD-SOI technology brings increased forward body bias.

As the chip is operational at lower voltage while maintaining a higher frequency, it boasts impressive power efficiency while affording high hash power, allowing for much lower wastage per hash. Nonetheless, the ASIC’s lowest working voltage is 0.45V, with lowest BTC efficiency at 0.19J/GH, and lowest LTC efficiency at 1.75J/MH.

Energy-efficient and Cost-Effective Mining

The company says that in current market conditions compared to other mining technology, dual-algorithm capabilities can provide a clear advantage. Also, under recent testing conditions, the single SF3301 chip reached BTC hash power levels of 152GH/s, and LTC levels of 3.17MH/s. Nonetheless, the SF3301’s high integration level leads to future miners being smaller, power wastage being less and even more powerful miners.

Moreover, as there is room for movement in these areas and as such different customer requests can be fulfilled, the utility of such a chip is going to expand further. Additionally, as the SF3301’s dual-algorithm abilities allow any miner based on the chip to benefit from a far longer period of effectiveness, a lot of them would start giving preference to this one.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com

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