As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory.One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency.Speaking to Bitcoin Magazine, an Innosilicon representative, who asked to remain anonymous, said its upcoming ASIC, the Terminator3 (T3), “has been in development since February of this year.” Founded in 2006, the technology company, which produces various IP and IT hardware, has made significant headway in the mining arena. With 12+ years of experience building ASICs under its belt, Innosilicon’s team has shifted its focus in recent years to engineering ASIC miners for Litecoin, Zcash, Decred and Dash. They’re prototyping a machine for Ethereum, as well. Innosilicon began producing Bitcoin ASIC miners this year, and it was among the first manufacturers to implement overt AsicBoost into its hardware. Seeing as roughly 5 percent of Bitcoin blocks today are mined using overt AsicBoost, Innosilicon’s machines likely account for most of this activity.Enter the T3Scheduled for release in December of 2018, the company’s third generation Bitcoin miner builds on its predecessor’s architecture with some added improvements.“We experimented with many differe...
