Bitcoin mining news

Bitcoin mining news

Samsung is breaking into the bitcoin world. The news comes bitcoin mining news the use of cryptocurrency rises, with more than 1,000 cryptocurrencies in the world right now. Samsung reportedly concluded a foundry contract with a Chinese bitcoin mining hardware maker.

The mass production phase began this month after Samsung finished up the development process of semiconductor ASIC for bitcoin mining last year. We are in the middle of a foundry business that is being supplied to a virtual money mining company in China. ASIC is a chip that is designed for a special application, in this case the semiconductor would be optimized for bitcoin mining. Bitcoin mining, which is a verification process for transactions, requires high-speed and energy-efficient hardware. Because of that, companies that mine in large batches have resorted to ASIC chips that are customized to their needs. Samsung has also been working on DRAM for graphics cards, which are useful for cryptocurrency mining.

The GDDR6 DRAM improves power efficiency and can boost GPU performance for mining. Bitmain is China’s leading bitcoin miner and designer of ASIC chips. Global Unichip are reportedly sharing the backend packaging and testing orders. Copyright 2018 Newsweek Media Group All Rights Reserved. Ethereum has been characterised by a lot of volatility in recent times.