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Home » Bitdeer unveils new environmentally friendly Bitcoin mining chip
Bitcoin

Bitdeer unveils new environmentally friendly Bitcoin mining chip

2024-06-07No Comments3 Mins Read
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Bitdeer, a Bitcoin mining company, has unveiled the cutting-edge “SEAL04” chip as part of its technology roadmap for the newly launched Sealminer rig.
Scheduled for release in the second quarter of 2025, the SEAL04 chip is anticipated to achieve an impressive energy efficiency of as low as 5 joules per terahash (J/TH).
The roadmap, as stated in a press release, is aimed at enhancing transparency in mining operations, managing miners’ expectations regarding technological advancements and equipment delivery, while also providing valuable data analytics on machine capabilities, inventory, and purchasing trends.
Leading the way in low-power Bitcoin mining, Bitdeer has announced that the SEAL04 chip will power the fourth-generation Sealminer machine, set to be mass-produced and distributed starting in the fourth quarter of 2025. The machine’s power consumption is expected to be optimized to 5.5–6 J/TH, well below the current industry average of 29 J/TH.
The energy consumption concerns associated with Bitcoin (BTC) mining have prompted mining companies to focus on reducing power consumption. Following the ban on mining activities in Kazakhstan, miners have mostly transitioned to eco-friendly grids in North America or sustainable off-grid locations.
With the introduction of a highly energy-efficient chip like the SEAL04, significant progress can be made in the cryptocurrency mining sector. This chip has the potential to greatly improve Bitcoin mining performance while minimizing power consumption, ultimately leading to reduced operational costs and a smaller environmental impact for miners.
In a previous development, Bitdeer had announced the successful initial testing of the SEAL01 chip in March. This 4-nanometer Bitcoin mining chip boasted a power efficiency of 18.1 J/TH and was utilized in the Sealminer A1 mining rig.
Chips are critical components in cryptocurrency mining operations, responsible for executing the intricate computations necessary to validate and secure transactions on the blockchain.
In related news, Tether recently entered into a subscription agreement with Bitdeer, agreeing to purchase up to $150 million worth of shares in a private placement, as announced on May 31. According to Tether CEO Paolo Ardoino, Bitdeer is recognized as one of the strongest vertically integrated operators in the Bitcoin mining sector, thanks to its cutting-edge technologies and extensive research and development efforts.
In a joint effort in May 2023, Bitdeer Technologies Group and Bhutan’s sovereign investment arm, Druk Holding and Investments (DHI), collaborated to establish environmentally friendly and carbon-neutral digital asset mining operations in Bhutan.
Cointelegraph reached out to Bitdeer for further details on the SEAL04 chip but has not received a response yet.
Magazine: Crypto enthusiasts are already making an impact on the 2024 election – and their influence is only expected to grow.

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