The world’s biggest chip sets seller, recently surpassing Intel in total amount of sales, confirmed it has started manufacturing ASIC chips specialized in cryptocurrency Mining (Bitcoin, Ether and others) for the hardware manufacturer Halong Mining.
Korean media has claimed since January 2018 the tech giant was working in a project related to blockchain technology in collaboration with an “unnamed” Chinese Mining Company, On April 10 rumors confirmed as online mining rig retailer “MyRig” posted a picture on their twitter account showing a piece of semiconductor material known as “Wafer”. MyRig wrote that the material was being used in the “Fabrication of Integrated circuits” produced by Samsung.
Recently Samsung has shown interest on being part of the mining technology market selling “High capacity memory chips” for GPUs, which apart of being used to handle computer graphics, possesses great mining capabilities.
This Samsung-Halong partnership would mean a real competition with the leader of the current market, the Taiwanese company TSMC which revenues has increased from $350 to $400 Million thanks to the development in cryptocurrency technology.
Although Halong Mining has being cautious regarding their new alliance their first miner, The Dragonmint T1 could stand among the most efficient miners of the world, some says, it could beat the Bitmain´s Antminer S9 in terms of performance.
The Dragnmint works with Halong´s Software “AsicBoost”, developed by in 2016 by CoinTerra CTO Timo Hanke, which increases overall efficiency by exploiting a portion of Bitcoin´s proof-of-work algorithm, allowing miners to take “Shortcuts” to find new Blocks. Thanks to Halong´s membership with the Blockchain Defensive Patent Licence (BDPL) this software is available to multiple mining companies.
Acording to BtcDark the Dragonmint is “the most advance miner to the date” claiming its “30 percent more energy efficient” than the antminer S9, and being able to produce “16 tera-hashes per second”
” We started a mining project with the aim to bring much needed competition to the markets”
Samsung incursions with mining technology doesn`t stops with Halong, the company also worked with Ebang last year, debeloping DW1228 chips for its new bitcoing mining machines Ebit E9++ and E10, released in February and selling out almost inmetdietly, this positives results could lead to a major investment of Samsung in Cryptocurrency and blockchain- technology, meaning a new and big competition to the leaders of the mining market.
by Samuel Larreal
[…] Korean Tech Giant Samsung is Producing ASIC Chips for Halong Mining […]