Samsung to Develop ASIC Chips for Halong Mining

There was no official confirmation from the South Korean company, however, one of the Halong Mining distributors made such a statement
12 April 2018   1727

As it became known, ASIC-chips for bitcoin-miners of Halong Mining company are made by the technological giant Samsung. There was no official confirmation from the South Korean company, however, one of the Halong Mining distributors made such a statement, CCN reported.

Online retailer MyRig posted on Twitter an image in which a company representative holds a plate of semiconductor material that is used to produce integrated circuits.

MyRig Tweet
MyRig Tweet

It has became known that Samsung starts ASIC chips production in January, but it wasn't reported for who. The only mention was an unnamed Chinese company for the production of equipment for mining, and it was China that was supposed to become the first market for the company to enter before a broader international presence.

Despite the fact that Halon Mining itself is still very little known, the DragonMint T1 produced by it is allegedly the most effective miner in the market to date, superior even to Antminer S9 from Bitmain.

Moreover, in March, Slush Pool confirmed that one of the pool members extracted the block with the help of the Halong Mining Miner, whose effectiveness is achieved through a technological upgrade called overt AsicBoost.

Slush Pool Tweet
Slush Pool Tweet

Halong Mining has its own well-known critic - co-founder Bitcoin.org and Bitcointalk Cobra. According to his repeated statements, Halong Mining are scammers, DragonMint T1 is a fiction, and Innosilicon is actually manufacturing devices.

Cobra Tweet
Cobra Tweet

The first time Halong Mining equipment was presented in November last year. Then it became known that one of Bitcoin Core BtcDrak developer is connected with the project.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   109

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.