Samsung Reportedly Building Bitcoin Mining Chips

Even Samsung could not hide its feeling for the Crypto-currency fad. The tech company has been reported making Bitcoin mining hardware. According to a South Korean, The Bell, the design for the ASIC (Application-Specific Integrated Circuit) was completed last year and it went into mass production this month. These ASIC chips are headed to an unnamed company in China.

An analyst from Samsung Securities said that the production of ASICs takes up only a small portion of the capacity of the company’s foundries. So this shouldn’t affect the making of other chips.

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Bitmain (one of the most popular and largest makers of Bitcoin mining hardware) makes its AntMiner chips over at TSMC (based on its 16nm process). Samsung did not state which node is being used for its Bitcoin chips. However, it’s still a great deal for Samsung.

The Korean company also started mass producing GDDR6 chips recently, which would be a boon for mining GPU-based cryptocurrencies (mining Bitcoin on a GPU is a lost cause, but it’s the most popular option for Ethereum).


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