In West Texas, there was a bitcoin mining project that captured my attention. This was certainly a project that very few, even in the ever-eclusive bitcoin mining industry, have seen before.
The custom 300 TH/s ASIC Bitcoin mining machine showcased is specifically designed for the SHA-256 algorithm, which underpins Bitcoin mining.
According to an undisclosed source, this machine includes 6 hashboards and 2 power supplies for optimal efficiency.
It was rumored by an employee to have the potential to reach a “billion-dollar” valuation due to its innovative design, but the project was discontinued before realizing its commercial potential.
The machine reportedly operates at a hashrate of 300+ TH/s with a power consumption of approximately 6000 watts. Given this configuration, the estimated efficiency is around 20 J/TH, which is in line with mid-tier ASIC machines currently available in the market
Sources indicate that the machine was part of a larger initiative, which aimed to revolutionize Bitcoin mining. An employee closely involved in the project stated that if successful, this could have been a “billion-dollar project.”
The primary purpose of this ASIC machine is to handle Bitcoin mining with enhanced efficiency. Its robust design includes power regulation components and cooling systems, allowing it to sustain heavy computational loads for long periods without overheating.
The custom-built ASIC machine represents a powerful solution for Bitcoin mining. Though the project did not reach its full potential, the machine’s efficiency rating and innovative design.
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