Butterfly Labs announces their 2nd generation ASIC Bitcoin Mining processor in partnership with Global Butterfly labs 65 nm asic bitcoin mining chip and their 28nm advanced technology node. 4,680 US Dollars which makes it the most cost effective miner in the industry. Kansas based leader in Bitcoin mining technology has announced its 2nd generation ASIC Bitcoin processor – the 4th bitcoin processor in its history. The new chip has been in quiet development for the last six months.
As the first company to introduce a 2nd generation ASIC chip, Butterfly Labs has leveraged its proven design to set an all new high mark in performance for the Bitcoin mining industry. We’ve learned a great deal with our first ASIC. After an initial delay, that processor has been shipping in volume for the past few months and is now powering the majority of the Bitcoin network. For this 28nm version, we were able to use our test bench data to make major optimizations in both speed and efficiency that would otherwise not be possible with a first generation design. Butterfly Lab’s chief ASIC engineer John Cheng. The first product using the new technology was also announced today. The ‘Monarch’ is a PCIe card optimized for large scale mining in data centers.