Many bitcoiners are curious about this news dimitri antonopoulos bitcoin 7nm chips are not commercially produced at the moment. However, many people still understand the introduction of more advanced ASIC processors will be a complete game changer within the bitcoin mining industry.

GMO Group claims to be coming out with next-generation 7nm ASIC technology. This past week the Japanese internet firm, GMO Group announced the company is planning to join the bitcoin mining industry. 7nm process technology for chips to be used in the mining process. At the moment, 7nm semiconductor chips are not produced commercially, but many firms have announced they are planning on producing these chips in the very near future.

There’s a good probability that 10nm and 7nm products may be widely manufactured by Q1 of 2018. Companies like Samsung, Intel, TSMC, and Globalfoundries are all racing towards the goal of creating 7nm chips in mass production. Andreas Antonopoulos says ASIC semiconductor improvements is good for decentralization. Throughout 2015-2016 rumors of 14nm-10nm chips being used for bitcoin mining started circulating throughout the community, but these chipsets haven’t seemed to materialize. 14nm chips and claimed it sold out of its first batch very quickly, but the public sale of these miners has since been delayed.

If a few organizations produce more efficient mining chips, then many people believe it can further decentralize the bitcoin mining ecosystem. Bitcoin luminary Andreas Antonopoulos explains how this will happen at the D10e conference in San Francisco in the summer of 2016. What it does is it extends the shelf life of mining equipment from 2-3 months of useable life cycle to almost two years, which levels the playing field among all participants in the system. Samsung, IBM, and Globalfoundries 7nm taped-out semiconductor chip.

The 7nm chip will not only transform the bitcoin mining sector but really will revolutionize the entire computer industry with a four-fold efficiency. In fact, the company has formed an alliance with IBM and Globalfoundries to research and develop these 7nm chips so partnerships are not uncommon. Samsung has been making headlines this year for leading the way towards more efficient microchips. With Increased Optimization is Centralization an Issue? Mining pool monopolies, faster chips and topics like the ASIC Boost patent has created a lot of mining centralization debates over the past two years.

Miners who were once regarded as protectors of the Bitcoin network has later been considered monopolistic entities. However, this month Ledger Journal published a paper written by Nicola Dimitri that explains that fear involved with mining centralization is misleading. It will be interesting if GMO manages to produce 7nm chipsets in their mining machines as the semiconductor chips will be significantly smaller, and more efficient than the 16nm versions predominantly used today. The company further states it will be manufacturing the 7nm boards for resale as well, which will bring the next generation mining chips to the general public and competing mining pools.

If the Japanese firm kept the chips a secret, with the industry standard currently set at 16nm, GMO Group’s proprietary chips could basically wipe competition off the map if they don’t have the same technology. Further, the 7nm chip will be getting closer to the possible ceiling of Moore’s Law, which brings extreme production difficulty for 5nm builds and then semiconductors will drop to an even smaller design that will be even harder to procure. What is the Difference Between Public and Permissioned Blockchains? One of the few things that has grown as fast this year as the price of cyptocurrencies, such as bitcoin, is the number of books available about them, along with blockchain technology and their many derivatives. There are now in excess of 500 books available on Amazon on these topics. To the people who have sat through lectures on these topics at financial institutions around the world, there may a feeling of surprise that there are 500 people who understand this topic.

However, a fair number of these books are frankly deranged, offering no real explanation of how these technologies work or how they will live up to the promises made. Criticism of the cryptocurrencies in the media and more broadly on the internet has been growing for some time, with their association with organised crime, ransomware and money laundering. The book is primarily focused on bitcoin and the other cryptocurrencies, where it provides some excellent analysis of the reality behind many of the headlines. Do you believe that bitcoin is saving the people of Venezuela from starvation or helping the billions of unbanked climb their way out of poverty?

You may change your mind after reading Gerard’s analysis of the truth behind the hype. If have been lulled into quiet belief that bitcoin and the other cryptocurrencies are turning into another asset class worth diversifying into, the reality will make you think otherwise. There is less material on the more general application of technologies such as smart contracts and blockchain in finance but the chapters on these topics are a very useful antidote to frequently exaggerated claims. Enthusiasts will criticise this book for lack of balance but this is not an area where it is easy to find any alternative views. The post gives the views of the interviewee, not the position of LSE Business Review or the London School of Economics. When you leave a comment, you’re agreeing to our Comment Policy.