The popular chip manufacturing company ‘Chen Min,’ recently launcheda new proposal to makecrypto mining devicesknown asLinzhi. The firm’s prime project tackles thealgorithmic rulesutilized byEthereum ‘ETH’ and Ethereum Classic ‘ETC’, witha replacementline of application-specific integrated circuits (ASICs) miners set to belaunchedwithin the next coming year.
According to last Ethereum Classic Summit held recently, the company’s dubbed Project Lavasnow, Linzhi’s newminersclaims to use 1/8th portion of the electricity compared to Bitmain’s ethash miners. Itadditionallyexpects to runaround 1,400 Mln hashes per second, compared toaround 190 Mln hashes per secondfrom the Bitmain’s AntMiners.
Theexaggeratedhashpowersuggests thatone in allLinzhi’s minersought togenerate roughly $20 USD per day, compared to the projected $3 USD from the Bitmainminers. As a result,the firmexpects customersto break even onthe priceof aminerin justfour months of investing in the miner’s.
However, as for now Linzhididn’tannouncedwhat would be the actual worth of each miners.
At present,the firmcontinues to beengaged ondevelopingthe final product.
Customersmightbegin receiving their miners fromApril2019 of next year.
Rather thanseveralindividual miners and members of the ETH communityat present are in theopposition of the use ASIC’s miners, Chenaforementionedin her presentation that hardware alonedoesn’tcause centralization, it’s just an another style of business.