Samsung launched a large-scale production of chips for the crypto currency

Samsung launched a large-scale production of chips for the crypto currency
South Korean giant Samsung began production of equipment for bitcoin mining and other crypto-currencies. This is reported by Techcrunch.

The corporation owns one of the world's largest semiconductor manufacturing plants, which last year completed the development of new chips for ASIC-miners. Information on this publication was confirmed by the representative of the corporation. At the same time, he noted that the company can not disclose information about customers who will receive these chips.

On the interest of Samsung in the technology of mining, the media wrote back in 2015. Representatives of the company confirmed that at present such equipment is being developed, and production capacities are being prepared for the release of chips for the crypto currency. However, more detailed information, including about the company's customers, has not yet been disclosed.

As the value of the crypto currency grows, so does demand for equipment for mining. But the peculiarity of mining lies in the fact that as the equipment involved in mining increases, the computational complexity also grows to ensure the stability of emissions. Because the miners are interested in more and more efficient computing systems. Because of this, there is a migration from the processors to video cards, and then to ASIC-systems.

While there is no information what kind of equipment will be produced by Samsung. Currently, the supplier of chips for system builders for mining, such as Bitmain, is TSMC. The delivery of such chips quarterly brings the company $ 350-400 million in revenue.