For the crypto mining enthusiasts, the wait is finally over as the Japanese IT giant GMO Internet, in a press conference, has finally announced the specifications of its upcoming 7nm semiconductor chip-laced Bitcoin mining devices. The firm is calling the new chip GMO 72b.

The new B2 mining devices will have a hash rate of 24TH/s. This is massive when compared to the hash rate of current market leader Bitmain S9, which peaks at 14TH/s. This is a huge achievement on the part of GMO and will definitely lure the professional miners towards the product.

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Moreover, the chips will have a power requirement of 1950w per unit and will consume 81W per 1 TH/s.

GMO also unveiled the price of the per B2 mining unit and they are certainly not cheap. A mining enthusiast has to shell out $1,999 to get a single unit, more than double the price of Antminer s9, which is listed for $837.

In September last year, GMO first unveiled that it is researching and developing the new ASIC processor to make the mining process more efficient. Last month, the firm unveiled B2 after a month-long testing process, however, in that official notification, it did not reveal any technical specs.

GMO is also set to start the reservation for the B2 devices on 6th June and is planning to ship them by the end of October.

Masatoshi Kumagai, President and Chairman of the GMO Internet, is very optimistic about the new product and believes that it will beat the market competition. A rough translation of his comment says: “The performance per unit is higher than that of major competitors’ products. If we switch from over 20,000 mining machines operating in Scandinavia to GMO minor B2, the installation space will be about half in terms of equivalent performance. I am done.”

According to Kumagai, GMO has invested 10 billion yen ($91 million) in the development of B2 miners.

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