Samsung making ASIC chips for mining cryptocurrency

 

Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies.

“Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers,” a company spokesperson told TechCrunch.

Samsung declined to provide more details when we asked.

The statement follows reports in Korea media which claimed that the tech giant had made the move in collaboration with an unnamed Chinese distribution partner. Samsung already produces high-capacity memory chips for GPUs, which are conventionally used to handle graphics on computers but are also deployed for mining purposes.

The news brings big-name competition to the ASIC space, which is dominated by China’s Bitmain and Canaan Creative, both of which work with Taiwanese giant TSMC. Indeed, the crypto explosion is said to have added $350-$400 million to TSMC’s (already impressive) quarterly revenues.

How Samsung fits into this equation isn’t clear right now. At a base level, it will rival TSMC — which it knows well from competing in other industry segments — for the attention of companies that build and sell finished mining products in the market. But, if Samsung’s move brings on new partners or if it makes hardware itself, then it could enable competitors to Bitmain and co.

All the same, it’ll take some major business for crypto have a noticeable impact on Samsung’s bottom line. The Korean firm booked an incredible $69 billion in chip sales in 2017 thanks mainly to the smartphone industry.

Original there: https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/?utm_campaign=Blockchain%2BWeekly&utm_medium=email&utm_source=Blockchain_Weekly_62

2018 New Japanese Bitcoin ASIC Miners 28Ths??? Bitmain Dead Soon???

Related Post

Pandaminer B3+ eth zec xmr miner Specifications Fixed computing power ETH 220MH / s ± 5% ZEC 2150H / s XMR 5890H / S Wall power consumption ETH 1250 W + 12% ZEC 1050 Watt + 5% XMR 1120 Watt Po...
Dash Miner iBeLink DM11G X11 HashRate 11 GH/s iBeLink DM11G Features Highly integrated for Plug and Play (you just need to connect power and Ethernet) Contains 4 hashing blades, LEDs for each ...
Baikal Giant-N cryptonight asic Baikal Giant N Cryptonight: 20kH/s Cryptonight-lite: 40kH/s Power consumption: 60W Price: 3600 USD MOQ: 6 Delivery within 7 working days aft...
Innosilicon A4+ LTCMaster 620 MHS Scrypt ASIC Innosilicon has put up for pre-order their new A4+ LTCMaster Scrypt ASIC that should be capable of delivering 620 MHS hashrate with 750W ot power ...

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *