CANAAN will release ASIC new generation based on 5 nanometer chips

CANAAN, a manufacturer of specialized integrated circuits (ASIC) for cryptocurrency mining, plans to start the production of more advanced equipment based on 5 nanometer chips in the first quarter of 2020.

In technical terms, new miners must significantly exceed the model presented in the market. The following generations will have higher performance and power indicators.

Since the size of the transistors and the distance between them on the silicon matrix will decrease, the device will work more efficiently and allocate less heat at the same time.

Starting a new ASIC line will allow Canaan to get a competitive advantage over other market participants, such as Bitmain, which is currently experiencing not better times. Additionally, the company’s confidence is supported

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