MicroBT, a crypto-mining chip maker based out in Shenzhen province of China is all set to launch its latest version of Bitcoin mining rigs. The new miner would be called Whatsminer M30S. The new machine is speculated to be highly efficient with an outstanding output of 81 tera hashes per second and consumes only 38 watts per tera hash output.
Wu Gang, CEO of crypto wallet Bixin and also a shareholder in MicroBT announced it on the popular Chinese chat app WeChat claimed that the latest Bitcoin mining rig would be superior to the market leader Bitmain’s flagship model Antminer S17 Pro in terms of power consumption.
Bitcoin mining machines have come a long way from the early days when a CPU processing unit was more than capable of mining, however, as Bitcoin became valuable with years and the mining became popular the mining difficulty increased. Thus people started using GPU card-based mining rigs which were later replaced by the ASIC chip. These mining rigs are known for consuming heavy electricity and thus power consumption becomes an important aspect of these machines.
The M30S make use of Samsung’s 8nm chips which has been a cause of concern given Samsung is only allowed to import a limited amount of these chips due to ongoing Japan- South Korea trade war.
The founder of MicroBT Yang Zuoxing was a former processor designer at Bitmain before starting his own company in 2016. Zuoxing was also behind the designing of Antminer S7 and S9. Since its inception, MicroBT has been giving a great competition to Bitmain with its efficient hardware design and manufacturing.
Some of its most well-known mining rigs include its 2017 M3 model which gave a tough competition to Antminer S9, the flagship model with the highest popularity at that time. MicroBT’s M10 and M20 models in the following years proved to be more power-efficient than Bitmain’s flagship models.
Yang’s former ties with Bitmain have often been the cause of friction between the two firms in the past, where Yang was once sued by his former employer for infringement of one of its patents which was later revoked in 2018.
MicroBT’s Success could be based on Intellectual Property Theft
MicroBT’s success speaks for itself and many believe its founder Yang’s hard work and dedication have a major role, but many others have claimed that the success is based on blatantly copying Bitmain’s business model and some of their trade secrets as well.
There have even been rumors that Yang took away all the S9 codes with him while leaving Bitmain, and the lapse happened mainly because Bitmain hardly paid any attention towards security measures against such kind of intellectual theft. It was claimed that Yang not only took away the first but also leaked it to other mining manufacturers, which caused heavy market losses to Bitmain. Whatever may be the case MicroBT is proving to provide much efficient mining, machines over the years.