Bitfury Group, a bitcoin (BTC) mining software manufacturer has launched a new image of its mining hardware based on its ASIC (Application-Specific Integrated Circuit) chip Bitfury Clarke, according to a declaration made on September 19.
An ASIC chip is a bit of mining hardware geared to mine digital currency based on a particular hashing algorithm. An ASIC is tailored for a specific use, instead of for general-purpose use.
Bitfury is planning to implement its new mining centres in Georgia, Norway, Canada and Iceland. The Bitfury Clarke ASIC will be sold alone. Also, it is being integrated with other BTC mining hardwares including its BlockBoxes and mining servers. The announcement further states about the chip:
“The Bitfury Clarke ASIC is customized for SHA256 bitcoin mining. It can execute a hashrate upto 120 gigahashes per second(GH/s) and a power efficiency rate as low as 55 millijoules per gigahash(mJ/GH). The supply voltage required by Bitfury can be as low as 0.3 volts.”
In December, Bitfury encouraged the launch of Toronto-based BTC mining organization Hut 8 by giving the organization access to mining hardware and other assets and other necessities. In July, Hut 8 guaranteed that it had become the world's "largest traded in public market" operator by capacity. The organization reportedly mined around 1,900 BTC since its original launch.
In July, according to a report, the sale of ASIC crypto mining hardware had adversely impacted, with a price drop of 20%. The companies which were affected by this drop include Taiwan Semiconductor Manufacturing Company, as well as its IC design service partners like Global Unichip.
Further, the price of specialized graphics processing units (GPUs) had been declining alongside sinking costs in cryptocurrency markets. In April, a six-pack of AMD's OEM 4GB RX 580 was sold at the price of $3,600, while in July it was accessible for $2,500. A Nvidia GeForce GTX 1080 Founders Edition, 8GB GDDR5X PCI Express 3.0 Graphics Card was sold out at a sticker price of $1,050, yet in July could be obtained for $709.