Chinese crypto mining giant and hardware maker ASIC Bitmain has announced the launch date on April 9 of its new energy-efficient miner, the Antminer S17 series.

As previously reported, the new miners will be equipped with a 7-nanometer (nanometer) ASIC mining chip from Bitmain, called “BM1397”, designed to mine cryptocurrencies that use the SHA256 algorithm to test their health (PoW), in particular, Bitcoin (BTC) and Bitcoin Cache (BCH).

Three different Antminer S17 miners are now defined for April 9th ​​release: Antminer S17 Pro, Antminer S17, and Antminer T17.

Bitmain product manager for the new Antminer S17 series, is quoted as saying in a blog post that the new miners offer a “dramatic improvement in hashrate in terms of space and power consumption,” claiming the BM1397 chips provide “28.6.” percent improvement in energy efficiency compared to the previous 7nm Bitmain chip, BM1391.”

Along with saving energy costs due to improved energy efficiency, Yanshin suggested that “a higher hashrate in one miner […] increases the hashrate density per unit of space and saves deployment costs for mining farms”.

Having survived six months of testing, when bearish cryptocurrencies caused company layoffs and a failed public offering, an unnamed Bitmain source allegedly hinted only this week that the upcoming cut in bitcoin remuneration in 2020 could give a positive boost to Antminer’s launch. S17 Series.

The remuneration for the Bitcoin block will be reduced from 12.5 BTC to 6.25 BTC per block in May 2020.

Thus, an undisclosed Bitmain source reportedly stated that “Bitmain is now betting that its next flagship product will be the winner in the mining equipment market, capturing the expected rally.”

Bitmain especially launched its Antminer S9 in May 2016, just before the last half of bitcoin in July of that year.

Antminer S17 will continue to be designed for cryptocurrency mining only on the SHA-256 algorithm, primarily Bitcoin and BitCache. Representatives of the company claim that the energy efficiency of the second-generation 7-nm chips used in the S17 model is 30% higher than that of the models of the previous line.

“There are no technical limits for development yet, but it is possible that in the short term, after progress goes beyond 7-nm chips, miner developers will face physical limitations. Despite the rapid pace of development of the industry, in the foreseeable future 7-nm chips will remain the preferred option in the context of performance and cost savings,” said the new device launch manager.

Recently, it became known about the Bitmain plan, according to which the delivery of a new line of ASIC miners will be carried out in anticipation of halving the Bitcoin block reward. Thus, the company wants to restore its lost market position, as well as improve its financial position.