Samsung confirms production of cryptocurrency mining chips, ZDNet

Future mining equipments could make use of Samsung chips to mine cryptocurrency.

Too mainstream for criminals, bitcoin is losing its ransomware appeal

Spil rente te cryptocurrencies and the chance for quick profit increases so has the request for chips capable of supporting mining equipments.

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Graphics cards are presently ter such high request that Nvidia has attempted to placate its gaming community by asking retailers to waterput gamers before miners, and this hardware is either sold out, on pre-order only or overpriced by many sellers.

Gamers may be frustrated, but the request for graphics and ASIC chips capable of supporting mining equipments used to mine cryptocurrency such spil Bitcoin — te the days when it wasgoed financially viable for average consumers to do so — Ethereum, and others, also represents an chance for manufacturers.

Samsung has stepped up its spel te the processor industry recently, having recently booted Intel off its perch spil the top semiconductor manufacturer worldwide.

It seems, however, that the South Korean tech giant also wants a slice of the cryptocurrency business to stay top dog.

Speaking to TechCrunch, a Samsung representative confirmed that the company is now manufacturing ASIC chips suitable for mining equipments.

“Samsung’s foundry business is presently engaged te the manufacturing of cryptocurrency mining chips,” a company spokesman told the publication. “However wij are incapable to disclose further details regarding our customers.”

The company, however, declined to opoffering further comment.

Korean local media reported earlier this month that Samsung ended the vormgeving for the ASIC chip te 2018 and began mass production ter January.

Samsung has also reportedly secured a contract with an unnamed Chinese Bitcoin mining hardware company, potentially to supply chips suitable for commercial mining equipments.

Dedicated chips designed for cryptocurrency mining are more efficient than graphics cards spil the latter wasgoed never developed for such tasks. Miners — at least, commercially — have begun to stir away from graphics cards and towards ASIC hardware, but for miners ter the general population, graphics cards are still the most accessible.

Samsung is already mass producing 10-nanometre 16Gb GDDR6 DRAM which can make mining more efficient through graphics cards, but a potential shift towards dedicated chips could be a fresh revenue outlet for the company spil long spil rente ter cryptocurrency stays strong.

Samsung also recently announced the production of the Eyxnos 9810 application octa-core processor, a chip with AI-supporting features and four Two.9GHz cores.

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