Bitmain's 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real

Over the past three years, bitcoin mining gear has evolved dramatically--from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine delivering over a petahash per second (PH/s) with an energy use […]