Competition is heating up in the world of bitcoin mining rig manufacturing. Just recently, the Chinese producer Microbt has announced the launch of the M40 miner that processes speeds up to 410 terahash per second (TH/s) because they used a 7NM chip in this ASIC machine.
Microbt’s New Whatsminer Models Claim to Boast Highly Competitive Hashrates
Ever since the coronavirus swept the globe, there have been a lot fewer announcements within the cryptocurrency and blockchain industry. This week the China-based mining rig manufacturer MicroBT has unveiled a new Whatsminer series machine that claims to process speeds up to 410TH/s. Microbt was founded in 2017 and the company has steadily become one of the leading mining rig producers worldwide. The company was launched by the current CEO Yang Zuoxing, a former employee of Bitmain. Ostensibly, Zuoxing was the lead director behind developing the Bitmain’s Antminer series, including the popular S7 and S9 models.
In 2017 the company introduced its flagship mining rigs the M1 and M3 and sold close to 400,000 units. At the time, it was estimated that Microbt Whatsminer series machines powered around 10% of the overall BTC network hashrate. Since then, the team has launched several miners and in 2020 the Microbt team is keeping up with the competition with an onslaught of next-generation ASIC devices. This week, the Chinese mining rig manufacturer announced the launch of the MicroBT M40, a machine that claims to boast 410TH/s.
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