Hey Steemians,
We are all aware about the Bitcoin mining, its necessity, its raising difficulty, increase in fees as well as hardware complications. Bitmain ASIC Antminer S9 is considered to be best hardware as of now, to be the most efficient mining hardware for bitcoin. But soon we may witness a revolution in Bitcoin Mining as Halong Mining is ready with a new bitcoin mining hardware, DragonMint 16T.
Mining hardware name has been derived from the chat channel on BTC Core Community, Dragon Den. DragonMint 16T is fully equipped with latest designed chipset and it is able to produce unbelievable 16 THs. The company claims that the machine is going to consume 30% less electricity that its direct competitor Bitmain Antminer S9. They claim DragonMint to be the most advanced miner.
For entering ASIC market, the most important factor is huge capital as creating specialized chips is expensive. Company claims that the the hardware as well chips has been created under the guidance of specialized experts. Halong Mining as of now has workforce of 100 people including software & electronic engineers and claims to have invested nearly $30 millions in R&D of the hardware.
A prototype is already being used for practical testing as well as final tuning but that wont be available for public use as of now. They have also posted a video of DragonMint.
Company may produce first mass-batch of DragonMint miners in coming months and may start shipping to customers by First Quarter 2018. It may also sell mining chips individually but in bulk.
BTcDrak, Bitcoin Core Contributor who has actively helped Halong Mining setting up DragonMint believes that Single mining hardware hanufacturer is not good for Bitcoin as it creates monopoly. Centralization is a huge drawback in mining keeps you vulnerable to governments as well as criminals. He has brought the competition to protect the miners as well as people involved via Decentralization.
