Samsung creates Bitcoin mining chips

Crypto News

The world’s smartphone market leader has reportedly developed BTC mining chips, according to statements by Charles Song, chief executive of Samsung Foundry, at the MicroBT M20 conference in China.

Samsung has been producing chips for BTC mining since 2018

Since the first quarter of 2018, the South Korean firm has embarked on the design of BTC 3 / 5nm mining chips.

In this perspective, the electronics giant has partnered with MicroBT , a manufacturer of mining equipment and ASIC Bitcoin circuit , behind Bitmain and Canaan , the two leading manufacturers today .

Mining was a natural choice for Samsung, in that it has one of the most powerful technologies to produce chips that can compete with Intel.

Thus, the MicroBT WhatsMiner M20S is paired with one of its chips to offer a speed of  68Th / s with an average consumption of 48W / Th, indicating a power / consumption ratio much more efficient than the Bitmain Antminer S9 with 13.5TH / s for 98W / Th.

Samsung is involved in the Blockchain and Crypto industry

Samsung remains discreet in its strategy to interfere in Blockchain technology and crypto, despite the major projects it aims in these sectors.

Indeed, the Korean company rarely published its developments before the arrival of the Samsung S10,  incorporating a crypto-wallet  that supports ETH, and its ERC-20 tokens .

At the same time, Samsung has registered patents for future Blockchain deployments.

Today, its subsidiary SDS, revealed its plan to design a decentralized network from Ethereum, which could lead to the launch of a cryptocurrency called “Samsung Coin”.

What do you think about Samsung’s involvement in the Blockchain and cryptocurrency? Comment in the comments section.

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