7nm Semiconductor Chips is All Set to Revolutionize Bitcoin Mining

Cryptocurrencies are holding the saddle strong in the digital transition. What’s more interesting is that latest development of semiconductors to cope and change the fortune of Bitcoin Mining.  GMO Group made significant headlines in international media after the Japanese internet firm announced its plan to align with the bitcoin mining industry. No, this didn’t break the media rooms; perhaps, GMO Group is known to do the new mining operation utilizing cutting-edge 7nm process technology chips. They are going to fabricate it with an “alliance partner” with a semiconductor design company.

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.

Samsung has been taking top-spot this year for leading the way towards more efficient microchips.

There’s a good probability that 10nm and 7nm products may be widely manufactured by Q1 of 2018. Companies like Samsung, Intel, TSMC, and Global foundries are all racing towards the goal of creating 7nm chips in mass production. In the bitcoin mining world, specifically the application-specific integrated circuit (ASIC) industry, the current semiconductor chips used right now are between 16-14nm.

Throughout 2015-2016 rumors of 14nm-10nm chips being used for bitcoin mining started circulating throughout the community, but these chip sets haven’t seemed to materialize. If a few organizations produce more efficient mining chips, then many people believe it can further decentralize the bitcoin mining ecosystem.

Miners who were once regarded as protectors of the Bitcoin network has later been considered monopolistic entities. Over the past few months, as the scaling debate intensified, mining optimization has been deemed unfavorable and the drama has escalated to talks of changing Bitcoin’s proof-of-work.

Will 7nm chips be an end of Moore’s Law?  

It will be interesting if GMO manages to produce 7nm chip sets 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.