Samsung makes ASIC chips for cryptocurrency mining

spinonews ASIC chips for cryptocurrency mining

ASIC chips for cryptocurrency mining

Samsung, the World’s most profitable technology company now entering into a new business. The tech giant plans to making ASIC chips for cryptocurrency mining. Samsung Electronics said, we are in the middle of a foundry business for provided to a virtual money mining company in China.

Bitcoin mining methods are divided into the GPU and ASIC. While, the company already starts the production of ASIC (Application-specific integrated circuit) chips for bitcoin mining and began production from January.

Bitcoin mining requires fast, energy-efficient hardware systems. These chips built for high speed cryptocurrency mining, which are less expensive, faster, and more profitable.

Graphic cards used as a part of early mining methods. Regarding efficiency, the GPU strategy is not specializing in cryptocurrency mining. From 2013, the mining business has moved to utilizing mining with ASIC diggers.

DRAM for graphic cards for cryptocurrency mining

While, Samsung also manufactures DRAM for graphic cards for cryptocurrency mining. The 10-nanometer 16Gb GDDR6 DRAM, which has recently started large scale manufacturing, is the model.

GDDR6 DRAM is double faster than conventional GDDR5 DRAM and low power design, which enhances power efficiency over 35% and improves GPU performance for cryptocurrency mining.

The country China is moving fast in the bitcoin business. BitMain, the Chinese bitcoin mining company is one of the largest mining companies in the world. The mining company designs direct dedicated chip ‘Ent Minor 9’.

According to Samsung analysts, the company looks to expand benefits through the supply of some ASICs, the offer of foundries in the whole semiconductor sector isn’t substantial. Consequently, we expect semiconductor chip-It appears to be troublesome.