Butterfly Labs or BF Labs Inc., manufacturer of a line of high speed encryption processors for use in Bitcoin mining, research, telecommunication and security applications, has announced that it is bringing a 2nd generation ASIC Bitcoin processor.
Thus, bringing the fourth Bitcoin processor in its history, the Kansas based leader in Bitcoin mining technology has firmly marked its presence.
According to a company source, 2nd generation ASIC Bitcoin processor, the new chip is an outcome of more than six months’ hard work by its research and development team. Now, Bitcoin miners will have a better experience as Butterfly Labs has leveraged its proven design to set an all new high mark in performance with the second generation of ASIC Bitcoin processor.
Announcement for the ‘Monarch’ Made
The first product, the ‘Monarch,’ a PCIe card optimized for large scale mining in data centers, capable to process 600 GH/s @ 350 w of power consumption, is being sold at $4,680 USD. The company sources tell that it will be the most powerful & cost-effective Bitcoin mining card ever; however, its delivery will not be possible till the end of the year.
Butterfly Lab’s chief ASIC engineer John Cheng at the announcement admitted that his organization has learned a great deal with its first ASIC. He admitted that to bring the second generation ASIC Bitcoin processor the company used its test bench data to make major optimizations in both speed and efficiency.
He confessed that all this would not have been possible had there not been a first generation design. John Cheng also remarked that his organization’s deep involvement with the engineering team from Global Foundries has further allowed it to maximize its design for advanced 28 nanometer process.
Customers can buy its products paying through PayPal, and Bank Transfer. It also accepts Bitcoin by a third party vendor that handles the exchange. The company informs that its 2nd generation ASIC Bitcoin processors are shipped using standard shipping i.e. the United States Postal Service except for the Mini Rigs wherein FedEx Express Shipping uses FedEx by default.
Though the company has a refund policy, it reserves the right to handle refund requests on a case by case basis. Thus, pre-ordered products are non-refundable. The company brings lifetime warranty on the PCB i.e. the board that the ASIC chips are mounted on; the company source says that lifetime is defined as the length of time it is manufacturing that product.
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