Samsung Starts Making ASIC Chips for Cryptocurrency Mining
The cryptocurrency mania is showing no signs of slowing down. Thanks to this phenomenon, there has been a significant surge in the number of cryptocurrency miners across the world. Post-obit all the hype surrounding this topic, Samsung has confirmed that it has begun manufacturing ASIC (awarding specific integrated circuit) chips for bitcoin mining. In example you're wondering, these chips come up in handy for crunching through calculations for mining cryptocurrencies.
Although Samsung confirmed that they're working on a cryptocurrency mining chip, they decided to remain tight-lipped when information technology comes to the details. "Samsung's foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disembalm further details regarding our customers," a Samsung spokesperson told TechCrunch.
According to The Bong, Samsung will supply the 10-nanometer 16GB GDDR6 DRAM chips to an unnamed Chinese visitor. The company will then distribute the hardware. However, it remains to be seen as how this will work out for Samsung.
The ASIC infinite is already dominated by China's Bitmain and Canaan Creative. Both of them piece of work with Taiwanese giant TSMC, who is said to accept added nearly $350-$400 million to its quarterly revenues thank you to the cryptocurrency hype.
It is besides worth noting that Samsung has toppled Intel as the globe'south biggest seller of chipsets and this motility appears to be zip more than a ploy to go on the momentum going. That being said, we don't know how Samsung is planning to rival TSMC yet. Either way, this move is not expected to have a huge affect on Samsung'south business.
Source: https://beebom.com/samsung-asic-chips-cryptocurrency-mining/
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