EXCLUSIVE: Bitdeer wants to revolutionize the ASIC manufacturing process. Here's how 👇 ASICs form the backbone of the bitcoin mining industry. They're made for a single purpose: To solve Bitcoin’s SHA-256 algorithm as fast as possible in order to collect block rewards. The $30 billion ASIC manufacturing market is dominated by Bitmain; the Chinese company’s machines power roughly 80% of Bitcoin’s hashrate. @bitdeer wants to shake things up by creating a new chip architecture that will make ASICs way more power efficient, and by providing more transparency to the ASIC manufacturing process. ASIC chips have used mostly the same blueprint since 2014. Over the last decade, the biggest increases in ASIC power efficiency have come at the foundry level, as leading global chipmaker TSMC has refined its manufacturing process. While miners have also made alterations to chip design, such modifications have only brought incremental gains. But Bitdeer wants to create a completely new framework for its ASICs. “We feel like it’s going to be necessary to break into what we call the single-digit efficiency range,” Jeff LaBerge, head of capital markets and strategic initiatives at Bitdeer, told CoinDesk, referring to mining rigs with less than 10 J/TH in efficiency. Bitmain’s Antminer S21XP Hydro, the current most efficient machine on the market, boasts 12 J/TH efficiency. Yet Bitdeer's SEALMINER A4, which will employ the firm’s new chip architecture, is expected to consume 5 J/TH. It will likely become the most efficient ASIC by a significant margin. Check out my latest deep dive for CoinDesk.