HomeMiningBitdeer Introduces New Energy-Efficient Bitcoin Mining Chip on June 7, 2024

Bitdeer Introduces New Energy-Efficient Bitcoin Mining Chip on June 7, 2024

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“Bitdeer’s SEAL04 Chip Set to Revolutionize Bitcoin Mining Efficiency and Environmental Impact”

Bitdeer’s New SEAL04 Chip Set to Revolutionize Bitcoin Mining Efficiency

In a groundbreaking move for the cryptocurrency mining industry, Bitdeer has unveiled its latest innovation – the SEAL04 chip. This cutting-edge technology is set to improve Bitcoin mining efficiency while simultaneously reducing prices, power consumption, and environmental impact.

The SEAL04 chip, which is expected to provide energy efficiency as low as 5 joules per terahash (J/TH), is slated for release in the second quarter of 2025. This development comes as part of Bitdeer’s technical roadmap for the Sealminer rig, aimed at increasing openness in the mining industry and offering data analytics on machine capabilities and inventories.

By utilizing the SEAL04 chip, Bitdeer plans to mass-produce and ship the fourth-generation Sealminer machine by the fourth quarter of 2025. With an optimum power consumption of 5.5-6 J/TH, significantly lower than the industry average of 29 J/TH, this new technology promises to revolutionize the way Bitcoin mining is conducted.

The introduction of this microprocessor, which consumes less power, could be a game-changer for the crypto mining sector. As Bitcoin mining has faced challenges related to power consumption, the SEAL04 chip has the potential to not only improve performance but also reduce operational costs and environmental impact for miners.

Bitdeer’s previous 4-nanometer Bitcoin mining chip, the SEAL01, has already shown promising results with a power efficiency of 18.1 J/TH. This success has led to further investments, with Bitdeer recently entering into a subscription agreement with Tether for up to $150 million worth of shares.

Paolo Ardoino, CEO of Tether, praised Bitdeer for its innovative technology and solid research and development practices, highlighting the company as a formidable player in the Bitcoin mining vertical integration space.

In a move towards sustainability, Bitdeer also collaborated with Druk Holding and Investments (DHI) to establish carbon-neutral digital asset mining in Bhutan. With the introduction of the SEAL04 chip, Bitdeer is poised to lead the way in environmentally conscious and efficient Bitcoin mining practices.

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