Syan Technologies, a fully owned and financed subsidiary of the Dubai-based Zahrani Group, has reported the successful completion of the design and testing phase of their new ASIC digital currency mining chip, the STA1220. The new chip is to be incorporated into Syan’s forthcoming SHA-256 mining machine, the “Vega Home Bitcoin Currency Miner”, with the scheduled release date as yet unknown.
The new STA1220 chip uses advanced 14nm process technology compared to its competitors’ 16nm offerings, and will reportedly benefit from significantly improved performance and economy figures as a direct result. The current market leader in coin mining hardware, Beijing-based Bitmain Technologies, uses their own 16nm BM1387 chipset boasting up to 14TH/S and 1372W power consumption with a resultant benchmark economy figure of 0.098J/GHs. Whilst Syan’s performance projections are marginally lower at a still impressive 13.5TH/S, the 14nm STA1220’s power consumption of only 1050W brings their J/GHs efficiency ratio down to a class-beating 0.078, a 20% improvement on the BM1387, and the best on the market to date by a wide margin.
Whilst making the announcement, company spokesperson Mr. Koji Tanaka said, “In Bitcoin mining, power economy is all, and that’s what we’re concentrating on whilst designing and building the Vega series. We set out to produce a world-beating machine and I believe we have succeeded. We’re still bench-testing our power supply but we have the strongest development team in the business and, so far at least, everything is going to plan. The next stage is production and assembly; we are totally on schedule with both and can’t wait to see the first Vegas rolling off the production line.”
The first batch of Vega Home Bitcoin Currency Miners is expected to be available for advance purchase in November 2017 with delivery slated for early in the New Year. The size of the initial batch has yet to be confirmed, though the price has been provisionally set at US$1,895.00.
Syan Technologies are a Hong Kong based designer and producer of digital currency mining machines and FinTech, currently focusing on the forthcoming release of their Vega Home Currency Mining series. They comprise a dedicated and highly motivated team of designers, technicians and mathematicians of diverse backgrounds – from as far afield as California, London, Sweden, Russia and Vietnam – with just one thing in common; they aim to design and produce the most cost-efficient and durable ASIC mining machines in the world.
For further information please go to www.syanmining.com
Company Name: Syan Technologies Limited
Contact Person: Samuel Cornwell
Address:Yen Sheng Centre, 64 Hoi Yuen Rd.
City: Kwun Tong
State: Hong Kong SAR