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Home Crypto News Market Bitmain Placed An Order With TSMC to Produce 5nm Chips for Crypto...

Bitmain Placed An Order With TSMC to Produce 5nm Chips for Crypto Mining

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As Bitcoin and Ethereum reach record high prices, miners can increase their spending on equipment, and companies developing ASICs for mining do not waste time deploying new models.


Bitmain, a developer of mining accelerators, has placed an order with Taiwan Semiconductor Manufacturing Co (TSMC) to produce ASICs using the latest N5 manufacturing process (5nm) reported by Tom’s Hardware.

TSMC plans to begin Bitmain production order using its N5 technology in the third quarter of 2021 and substantially increase production in the first quarter of 2022.

TSMC N5 production technology delivers industry-leading transistor density and energy efficiency. Experts suggest that this will increase not only the hashrate of ASIC miners, but also the prices.

So far, TSMC’s N5 process has been adopted by Apple and Huawei, two companies selling high-end smartphones, tablets and PCs. For them, SoC prices are not as important as for companies selling chips, so they can afford to become the first followers of TSMC’s advanced technologies.

Bitmain is another company that can afford to design the N5 and order its production from TSMC. There is no information about the 5-nm Bitmain chip, but it is logical to expect that the company will significantly increase the ASIC hashrate compared to existing offers.

The latest Antminer S19j miner from Bitmain has a hashrate of 90 TH/s, as well as a power consumption of 3100 watts. The price of the device is 5017 dollars.

In April 2021, the company announced the release of the Antminer E9 ASIC miner for Ethereum mining.

Read: Bitmain Announced The Release Of New ASIC Miner For Ethereum Mining

Later, the manufacturer hinted that the hashrate of the device will be equivalent to 32 Nvidia GTX 3080 video cards (about 3040 MH/s).

Read: Internal Testing Of Upcoming ASUS CMP 40HX Graphics Card Shows Higher Hashrate From 36 MH/s-Launching Price $699

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Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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