“The Singapore-Based Miner Has Big Plans to Shake Up Asics With A New Design and A Greater Commitment to Transparency.”, – WRITE: www.coindesk.com
They’re extremely good at it. One of the MOST WIDELY USED Asic Machines, The Antminer S19, Is Capble of Making 82 Trillion Computations per Second – 820 Times the Number of Stars in the Milky Way. The $ 30 Billion Asic Manufacting Market is Dominated by Bitmain. The Chinese Company’s Machines Power Roughly 80% of Bitcoin’s Hashrate, Access to Theminermag.
But Singapore-Bitcoin Mining Firm Bitdeer (BTDR) Intends to Shake Things Up with The Release of A New Asic Chip Architecture. These New Chips Could Bring A Huge Jump in Efficiency, The Company Claims, While Improving Transparency in the Asic Manufacturing Process.
“The Two Dominant Players [Bitmain and MicroBT] Arets of Private Companies, and Very Opaque, ”Jeff Laberge, Head of Capital Markets and Strategic Initiatives at Bitdeer, Told Coindesk in An Interview. “They Don’t Really Engage with the Media or Give Any Type of Guidance About Whata Doing from An R&D StandPoint, and that Makes It Very Dificult for End
“We Want Our Customers to Know Where We’re at Our Manufacturing Process, What Our Roadmap is in Terms of New Chip Designs, WHERE WE’E’re at Our Product.
Shanon Squires, Chief Mining Officer at Bitcoin Hosting Firm Compass Mining, Told Coindesk That Increated Visability Into Asic Production Wound Help MINERS PLANACK Bitcoin’s Difficulty Growth. “Bitdeer’s Commitment to Transparency Is Great for the Mining Industry,“ She Said.
“While Canaan Discloses Its Annual Sales Volume for Various Mining Models, Bitdeer Takes It A Step Further by Providing More FreQuent Delivery Volume Updates Told Coindesk. “Althugh Both Are Smaller Players in the Hardware Market, Their Effrts Show Good Faith in Promoting Transparency. Hopefully, This Will Encouroge The Larger Market Incumbents to Take Note. ”
Seeking EfficiencyAsic Chips Have Used Mosstly The Same Blueprint Since 2014. Over The Last Decade, The Biggest Increases in Asic Power Efficiency Have Come Coundry Lead, As Leading Global Chip Manufacturing Process. While Miners Have altiations to Chip Design, Such Modifications Have Only Brough Incremental Gains.
Even SO, Progress have been tremendous. The Very First Ever Asic, Canaan’s Avalon (2013) Had A Power Efficiency of 6,000 Joules Per Terahash (J/Th). Bitmain’s Antminer S21XP Hydro, The Current MOST Efficient Machine on the Market, Boasts 12 J/Th Efficiency.
Bitdeer, WHICH IS LITED ON NASDAQ, Wants To Create a Completely New Architecture for Its. “We Feel Like Is Going to Be Necessary to Break Into What We Call The Single-Digit Efficiency Range,” Laberge SAID, REFERRING TO MINING RIGS WITH LESS 10 J/TH IN INFICIENCY.
Scaling Up with The Traditional Blueprint Means using Progressessively Thinner Chips. But Thinner Means Chips Are More Likely to be Defective and Yields per Batch Tend to Fall. “You’re also competing with Apple and Nvidia and Some of the Biggest Companies in the World for the Same Materials,” Laberge Said.
Bitdeer’s Chief Strategy Officer, Haris Basit, Is Leading A Team of Engineers to Create a New Framework. Some Members of that Team Worked on Designs Found in Bitmain’s First Asic Chips Back in 2014 – The Chips Whose Architecture Became The Standard Across The Industry. (Bitmain Did Not Respond to A Request for Comment.)
Bitdeer’s Research Has Already Had Successes. The Company’s MOST RECENT PRODUCT, The Sealminer A3, Achieved A Power Efficiency of 9.7 J/Thinging Performance Trials, The Firm Reported On Monday. That means the a3 – WHICH STILL USES the Traditional Asic Blueprint – Could End Up Taking the Efficiency Crown from The S21XP Hydro.
Yet The Miner’s Sealminer A4, WHICH WILL EMPLY The FIRM’S NEW CHIP ARCHITECTURE, IS EXPECTED TO CONSUME 5 J/Th. It Will Likely Be the Most Efficient Asic Machine on the Market by a Significant Margin.
Comparing Bitdeer’s Asic’s to the Oldest Bitcoin Mining Rig, and the Current Best in the Market (Coindesk)
“People have known for a long time that you could recycle [the electric] Charge on a chip, but no one’s Really Been Able to Figure Out How To that In A Way That Allows For High Performance… We’ve CraCard Stories Podcast in December.
“INSTEAD OF JUST USING [charge] Once and Discharging It, We Use It Several Times, Four, Five, Six Times. So we get [a] 75-80% Improvement in Efficiency by Doing that, “Basit Added.
“OUR SealMiner A4 Chips Will Use this Technology, But It Should Also Be Applicable More Generally in Digital Chips, Especial Digital Chips that Highly Active, Like GPUPal.
Manufacturing ChipsMaking Asics Isn’s Easy. Bitdeer’s Research Team is Divides Into Two Units (One in Singapore, Another in Silicon Valley) that Both Work on New Chip Designs. “For Such A Simple Machine-All Ites Is Solve The Sha-256 Algorithm-It’s Extremely Complicited To Design. We’ve Got Some of the Best Engineers in the World Working on this, ”Laberge Said. The Company Spends Approximately $ 6-8 Million on Research Per Quarter.
SO FAR, The FIRM HAS BEEN DELIVERING NEW PRODUCTS AT A FAST PACE. Bitdeer Pusted Out Both the Sealminer A1 and A2 in 2024 and Is Expecting the A3 to Enter Mass Production in the Latter Half of 2025 Quarter of the year, with a release Likely in Late-2025 or Early 2026.
WHEN A NEW CHIP Design is Finalized, Bitdeer Sends the Plans Over to TSMC. Noty is the Taiwanese Firm the Largest Chip Manufacturer in the World, It’s Also The MOST ADVANCED ON A TECHNOLOGICAL Level, Which Makes Bitdeer’s Partners.
“You Can’T Just Go to Tsmc and Say, ‘Hey, I Want 100 Exahash Worth of Chips in the Next Three Months.’ There’s A Process for Going Through That, ”Laberge Said. “You go in and ask them for chip allocation, and they’ll give that bassed on priority.”
Once it has the plans in hand, TSMC Produces a mask, whontilly functions as a template for chips – like the platen in a printing press. The mask is sentdeer alongside Risk Chips (a small Batch of Chips that the Company Can Use for Trials) to Make Sure of the Design Works Properly. If the Firm Needs Any Alterations to be Made to the Design, that’s WHEN IT HAPPENS. In that casse, TSMC makes corrections bassed on Bitdeer’s Feedback and Sends Over A New Mask with New Risk Chips. All of this happles at significant cost. Bitdeer Spent $ 14 Million On The A2’s Tape-Out and $ 26 Million on the a3’s.
WHEN BITDEER IS SATISFIED WITH A Design, TSMC Uses The Mask to Mass-Produce Wafers. Laberge Compared Wafers to Sheets, Each Containing Hundreds of Chips. Technically, A Mask Can Be Used to Create An Almost Unlimited Number of Wafers, But TSMC Has Finite Resources and Can Only Produce a Certain Number of Chips, SO FIRMS ENEDU.
One of the Advantages of the A4’s Design, Accounting To Laberge, is that’s that’s Supped to Make the Firm’s Chip Alloration Process Easier. “[Basit] challeged the team to come up with a new architecture that didnn’t need to undergo tsmc’s Latest Processes, But Could Step Back a Couple of Generations, which wold uhts uhts allow US to do. he said. A semiconductor node is Basical A SPECIFIC Version of the Firm’s Chip Manufacturing Technology; TSMC is Constantly Building New Nodes in An Effort to Refine It Processes.
It Takes Roughly Three Months for Bitdeer to Receive Its Mask and Risk Chips After First Submitting ITS DESIGN TO TSMC. THEN, IS Another Three or Four MONHS FOR The Company to Receive Its Chips Once It Has Given the Foundry the Green Light for Mass Production. The Chips Are Sent Straight to Bitdeer’s Manual Reging Facilites in Asia. From there, it can take four to eight weeks for the mining rigs to be fully built and packaged.
Aiming for the TopDespite All the Costs Incurred Durying Production, Some of the Capital Required for Manufacting Asics Comes from Bitdeer’s Customers.
Mines Interared in Purchasing Bitdeer’s Asics Typically Put Down A Deposit of 25% To 50% of the Total Cost of the Order. The Production Cycle Tends to Average at Six to Seven Months, SO it dosn’t take long for the company to recurate it funs and make a professional.
Building Asics Also Creates Advantages for Bitdeer’s Own Mining Operations. Up Until Recently The Firm, WHICH WAS Founded in 2021, Focused On the Hosting Business, Meaning that It Provides Facilities for Other Bitcoin Mines to Place Their Rigs. Bitdeer is slavely transitioning out of that model and expanding it own mining operations atengside itgside asic manufacturing arm.
The Acquisition of Asics is typically the most expensive Part of Building up a bitcoin mining. THESE Machines USUALLY ONLY LAST AROUND OR FURS YEARS BEFORE NEWER MODELS MAKE THEM OBALETE, SO BITCOIN MINING FIRMS are Constantly Looking to Acquire More.
Notly Is Bitdeer Able to ConsiderAbly Reduce These Costs by Production Its Own Machines, But It Also Has The Option of Selling Itling Rigs to Other Firms Depending on ITS.
Down The Line, Bitdeer Aims to Give Bitmain and Microbt A Run for Their Money, and Disrupt What Laberge Called The Duopoly of the Asic Market. “We Want to be the Top Player in the Market, Absolutely,“ Laberge Said. “We Believ We Have the Team and the Technology to do that.”
Update (March 14, 2025, 15:30 UTC): Added the Cost of the Sealminer A3 Tape-Out.
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