Bitmain announces new generation ASIC chips
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CEO Jihan Wu announced the new chip, named BM1391, for mining cryptocurrencies using the SHA256 algorithm (bitcoin and bitcoin cash). Wu also revealed that Bitmain will soon launch new mining machines integrated with the BM1391 chip. (Source: Bitmain)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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