CoinDesk profiles Bitewei, a serious competitor in the cryptocurrency mining space
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Bitewei is a new mining chip manufacturer founded by the former director of design at Bitmain. The company has raised $20m to develop mining chips that could rival Bitmain's products. According to Bitewei, its flagship product, the WhatsMiner M10, is 30% more efficient than Bitmain's leading product, the AntMiner S9 Hydro. Bitewei has received pre-orders for over 1,000 units of the WhatsMiner M10 at an average price of $1,600. (Source: CoinDesk)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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