HashFast Technologies LLC, a fabless semiconductor company specializing in extreme performance hashing ASICs, has announced that it is bringing the latest Bitcoin mining chip called ‘Golden Nonce’ or GN. Also, it will generate Bitcoin at fifty times the rate of currently available chips and that too at lower power requirements.
A company source claims that with the latest Bitcoin mining chip called ‘Golden Nonce,’ it expects to revolutionize the nascent Bitcoin mining industry. Currently, it is taking orders for its Baby Jet mining system utilizing the GN chip wherein it took orders for over fifty percent of its inventory in the first week.
HashFast Technologies LLC expects that the Baby Jet will be sold out completely before the end of August. Thus, aiming to deliver the absolute best technology for the network verification of digital currencies, specifically Bitcoin, HashFast Technologies is trying to become one of the most reliable and popular option for ASICs.
A statement from the company claims, “Our mission is to deliver the absolute best technology for the network verification of digital currencies, specifically Bitcoin. Our products are high-performance ASICs. Our first chip, the Golden Nonce (GN) microprocessor, is in the final stages of development.”
A spokesperson for HashFast Technologies LLC says that the GN chip will perform more than 400 Ghash per second and will ‘tape-out’ and be sent to manufacturing in August. However, he admitted that fabrication will take a little bit over two months and due to that reason the chips cannot be shipped anytime before October to customers.
The company is looking for a large-scale transformation of the existing Bitcoin with the HashFast ASIC chips as according to it the latest technology will allow the mining of Bitcoin at rates far beyond existing technology. Best part with the latest technology is that Golden Nonce chips consume less power and are capable of searching at speeds of over fifty times of current available chips.
The spokesperson from HashFast Technologies LLC confesses that power consumption has been one of the chief limitations of existing Bitcoin mining technologies; understanding the void for an efficient chip, it has developed Golden Nonce which according to him will reduce the power consumption to record levels.
Currently, HashFast Technologies is partnering with Uniquify to layout and manufacture the chip. Thus, partnering Uniquify, a leading provider of leading SoC manufacturing, design services and IP solutions, etc., HashFast Technologies LLC is expected to give upgraded Bitcoin mining chips in future.
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