Samsung Electronics to Launch ASIC Mass Production

South Korean company Samsung Electronics started manufacturing ASIC hardware for cryptocurrency mining from January 2018
30 January 2018   831

As the Korean media The Bell reports, Samsung Electronics has entered partnership with the Chinese mining hardware maker, and started the mass production of ASIC hardware for mining from January 2018.

Samsung Electronics company reported that the development of semiconductor ASIC was completed in the end of 2017.

We are in the middle of a foundry business that is being supplied to a virtual money mining company in China.

Samsung Electronics Statement

Priviously, Samsung Electronis has started the mass production of DRAM for graphic cards, which is suitable for digital money mining. The 16 Gb GDDR6 DRAM is twice as fast as conventional GDDR5 DRAM, and has low power desing, which improves power efficiency by more than 35% and can improve GPU performance for cryptocurrency mining.

TSMC is the Taiwan company which supplies semiconductor ASIC to major mining companies like Bitmain. TSMC and Samsung Electronics companies plan to maintain the ways of increasing revenue due to the increase in demand related to cryptocurrency turnover.

GMO Internet to Release 7nm Bitcoin Miner

Mass production is planned to begin on June 6;  shipment starting by the end of October
24 May 2018   132

Japanese IT-company GMO Internet intends to release the world's first devices for bitcoin mining based on 7-nm chips before the end of this year. This is reported by Coindesk.

The company will start production of the new B2 miner on June 6, and its deliveries will begin in late October.

The announcement was made after several months of research and development of technology for the future device. Company reported on its plans to develop ASIC miner last September. It is expected that the device will be able to provide greater computing power with less electricity, but more detailed information will be provided along with the official announcement in June.

In addition to selling B2 to other miners, GMO Internet plans to install new devices on its own farms. Last year, the company allocated $ 90 million to develop its own business in this area.