Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the company will have access to 5nm semiconductors by Q1 2020.

Also Read: Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

TSMC’s 5nm Process Is Ahead of the Game

Last January, the Taiwan Semiconductor Manufacturing Company (TSMC) reported at its annual conference that the company’s 7nm node (N7) was operating under capacity. On top of all this news, next-generation computer makers, iPhone distributors, and bitcoin mining rig manufacturers sought 7nm chips in mass quantity this year creating massive demand. TSMC expected revenue to increase slowly in 2019, but the last two quarters saw better revenue performance than expected. Despite the issues with the company’s 7nm process, TSMC has continuously signaled confidence in its 5nm (N5) process roadmap.

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

In December, at the IEEE IEDM Conference, the firm discussed its 5nm process in high regard alongside Intel’s slideshow describing 2nm and 1.4 nm chips by 2029. TSMC noted huge differences between the 7nm and 5nm process as the 7nm yields just a touch below 100 million transistors per square millimeter (mTr/mm2). The 5nm technology has shown an average yield of 80%, with a peak yield per wafer of 90%. The Taiwan foundry’s 5nm test chips had shown a die size of 17.92 mm2.

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020TSMC’s 5nm chips will perform 15% faster than the 7nm predecessors.

Coming Soon: Bitmain and Canaan 5nm Equipped Bitcoin Mining Rigs

Following the details about TSMC’s 5nm process, two of the largest bitcoin mining rig manufacturers in the world revealed that they would soon be equipped with TSMC’s 5nm chips. Local reports from China disclosed that the company Bitmain Technologies has completed the first 5nm test-grade bitcoin mining chips. At the moment, Bitmain products use TSMC’s 7nm process for the latest 2019 Antminer versions. In October, Bitmain’s CEO Jihan Wu discussed the 5-nanometer technology at the World Digital Mining Summit held in Frankfurt. Various sources have said that Bitmain will be equipped with 5nm by early 2020 and products are set for mass production.

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

Following discussions concerning Bitmain’s upcoming ASIC rigs, regional reports revealed that Canaan will also have 5nm chips by the first quarter of next year. The 5nm chips will improve performance by 15% and the wafers will stem from the Taiwan-based semiconductor foundry. However, Canaan is a Chinese mining rig manufacturer that purchases semiconductors from both Samsung and TSMC. 8btc editor and reporter Vincent He stressed that Canaan was one of the first companies to reveal its 7nm test-grade mining chip before lots of companies announced use of the semiconductors. The report further detailed that the cofounder of Canaan said that the firm will “have a greater grasp of the supply chain and more capital investment after going public.”

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020Reports detail that TSMC is ahead of the competition and will have 5nm (N5) semiconductors in mass production by 2020.

The news of both Bitmain and Canaan steadfastly working to produce mining rigs equipped with next-generation 5nm chips shows how fast the mining industry is growing. With the 7nm process alone in 2019 mining devices have improved a great deal as far as efficiency is concerned. News.Bitcoin.com recently reported on how 2019’s bitcoin miners are 5x faster than predecessors. If it’s true that both companies are planning to produce 5nm equipped models in early 2020, then other manufacturers like Microbt, Innosilicon, and Ebang will likely follow suit.

What do you think about Bitmain and Canaan possibly producing 5nm equipped bitcoin mining devices in early 2020? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Image credits: Shutterstock, Extremetech, Anandtech, Bitmain, Canaan, TSMC, Wiki Commons, Fair Use, and Pixabay.

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Tags in this story

5nm, 5nm Chips, 5nm Process, 7nm Process, ASIC Manufacturers, Bitcoin Miners, Bitcoin Mining Rigs, Bitmain, Blockchain, BTC, Canaan, Cryptocurrency, Ebang, Innosilicon, Manufacturers, Microbt, mining, mining bitcoin, Samsung, Semiconductors, TSMC

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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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