Industry sources claim that Samsung Electronics recently signed a major chip-making deal with a Russian company called Baikal, which specializes in dedicated Bitcoin mining hardware. The Korea Herald reports that Samsung’s component-making 22 bitcoin mining will supply 14-nanometer ASIC chips for Baikal’s newly updated Bitcoin mining hardware.
First chip samples have already been tested, with mass production scheduled to kick off in January 2018. Industry watchers noted that since it’s very rare for Samsung, who usually sticks with the safer and established partners like Apple and Qualcomm, to team up with a lesser-known company based in Russia, the company is making a bet on the future business aspects of cryptocurrency. The main advantages of ASIC-powered Bitcoin systems over older mining devices that mainly rely on general-purpose CPUs, GPUs or FPGAs are speed and lower power consumption. South Korea is one of the world’s top five markets for mining software and hardware. Get updates directly into your inbox.
3 with support for iOS 11. This website is not affiliated with Apple. Could an IBM mainframe from the 1960s mine Bitcoin? The idea seemed crazy, so I decided to find out.