Announcing the DragonMint miner series

The DragonMint 16T miner is the world’s most efficient Bitcoin miner, running faster and cooler than any competing miners. It’s the culmination of over 12 months research and development which has resulted in major advancements in mining technology including a brand new generation of ASIC mining chips. The DM8575 ASIC runs at a staggering 85GH per chip with power efficiency of around 0.075J/GH.

The DragonMint miner is the first step in a long strategy, which started in December 2016, to bring much needed competition and innovation to the Bitcoin mining arena. Over 100 world class experts and leaders in their respective fields have been contributing to and working on the project, including chip designers, electronics hardware specialists, and software designers. The project is motivated by, and driven to help facilitate greater decentralisation in Bitcoin mining at all levels, and make sha256 great again.

Now that we have finished the major prototyping and small run batch zero, we are ready to move onto mass production. This is the first stage of rollout, and simultaneously, relationships are being built with other channels to bring a wide variety of products based on the new ASIC chips.

Unlike many other mining projects, the DragonMint is not a design based on simulations. Around $30 million dollars have already been spent on research, development and prototyping miners, writing software and producing small batches of silicon wafers. The time, complexity and cost cannot be underestimated. The next step is mass production. Producing miners from scratch takes around 4 months including manufacturing the silicon chips. We are taking preorders for the next generation miner for delivery starting in March 2018.

We would like to see other Bitcoin mining hardware manufacturers compete equally although it is currently quite challenging due to both heavy competition and prohibitive startup costs. One of the ways to assist is by publishing board designs and software to allow newcomers to iterate on already advanced design. Production of competitive ASIC chips is a whole different level of difficulty, so we believe this can be alleviated by making chips available in bulk to competitors. Bitcoin is inherently collaborative and we believe the incentives are aligned to promote a healthy mining ecosystem that is still profitable for the participants.

All our strengths aside, we recognise that success in this field is an uphill battle and the game is extremely competitive. Because of the time taken to design new technology and bring it to market, time advantage is a key strategy in order to gain a foothold against formidable competition. For this reason we will defer publishing board designs or software (either directly or through partner channels), until the first batch of miners is near ready for shipping. Because we have considerable costs to recoup, particular details of our process will also not be made available until closer to shipping of the first batches, to give us a better chance of succeeding and being able to drive forward with innovation into the future.

We will publish more details on our blog, on this website and on Twitter @halongmining.

Demonstration video (Youtube):

YouKu for China: