Bitdeer Launches Energy-Efficient Chip For Bitcoin Mining

Bitdeer Launches Energy-Efficient Chip For Bitcoin Mining

Bitcoin mining firm Bitdeer recently launched the Sealminer rig. In its technology roadmap for the machine, the company shed light on the ‘SEAL04’ chip.

The chip in question is scheduled for a release in the second quarter of next year. It will be capable of achieving energy efficiency of about 5 joules per terahash (J/TH).

A news release stated that the aim of the roadmap is to improve transparency in mining. It is also aimed at helping manage the expectations of miners for equipment delivery and tech advancements.

It also provides data analytics on purchasing behavior, inventory, and machine capabilities.

Low-power Bitcoin mining

According to Bitdeer, the fourth-generation Sealminer machine will be powered by the ‘SEAL04’ chip. The company will mass produce the machine and delivery will begin in the fourth quarter of next year.

The power consumption of the machine will be significantly lower than the average 29 J/TH and go as low as 5 to 6 J/TH.

There have been power consumption issues due to Bitcoin mining, prompting mining companies to make efforts to reduce the consumption of power.

After Kazakhstan imposed a ban on Bitcoin mining, miners have moved to sustainable off-grid sites, or greener grids in North America.

The launch of a more energy-efficient chip could prove to be a major technological advancement for the crypto mining industry.

Not only will it minimize power consumption, but also enhance Bitcoin mining performance. This would lead to a reduced environmental footprint and reduced operating costs for miners.

Past developments

Bitdeer also made an announcement in March about its SEAL01 chip that was used in the Sealminer A1 mining rig.

It is a 4-nanometer Bitcoin mining chip that can deliver a power efficiency of 18 J/TH. The 4-nanometer process technology of a semiconductor fabricator was used to design the earlier SEAL01.

According to the company, the said chip had a power efficiency of about 18.1 J/TH. Chips are an essential component of the crypto mining process.

These hardware components perform the complex computations needed for securing and validating transactions on the blockchain.

The agreement

A week earlier, Bitdeer had also entered into a subscription agreement with Tether. The latter will use a private placement to purchase about $150 million of the former’s shares.

The official announcement of the agreement was made on May 31st. Paolo Ardoino, Tether’s CEO talked about Bitdeer.

He said that the cutting-edge technology, development efforts, and robust research of the Bitcoin mining firm made it one of the industry’s strongest vertical operators.

Bitdeer Technologies Group had also teamed up with the sovereign investment arm of Bhutan, Druk Holding and Investments (DHI) in May last year.

The partnership was aimed at creating carbon-free and eco-friendly asset mining operations in Bhutan.