A new digital currency mining chip is being released next week that the manufacturer believes will severely decrease the amount of electricity needed to mine bitcoin, an important factor for miners. According to Marshall Long, the CTO of FinalHash, a mining consulting firm, “these new chips will allow hobbyists to get back in the game. Power to the miners.” The new chip is being manufactured by SFARDS, a new company formed from the merger of two other Bitcoin mining companies, Gridseed and WiiBox. Gridseed was a mining chip and hardware manufacturer, while WiiBox developed software and hardware for controlling mining rigs. According to Long, Frank Li is leading the team that is bringing this chip to market. “This chip outperforms […]
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