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Samsung enters the Bitcoin mining business and becomes the largest chip maker in the world

Samsung enters the Bitcoin mining business and becomes the largest chip maker in the world

Samsung announced that it will be loaded in Train of Bitcoin when you start producing new chips especially for cryptocurrency extraction.

Details of his plans for a mining chip are somewhat sparse. In a statement to BBC , Samsung simply stated that “Samsung’s foundry business is currently engaged in the manufacture of cryptocurrency extraction chips. However, we are unable to disclose further details about our customers.

According to the Korean newspaper The bell , these processors are ASIC (Application Specific Integrated Circuit) chips. This means that they are custom designed to perform a single task, but cannot do otherwise. If this is the case, Samsung is likely to rely on its knowledge of the television industry, which generally uses ASIC chips instead of its more common processor.

At present, miners tend to adopt graphics cards for consumers in Nvidia Yes I HAVE D . This adoption has led to price inflation around graphics cards for consumers, with some standard delivery models offering almost three times the desired price. If Samsung can come up with a cheaper and more efficient ASIC miner, it could be successful in a new business division.

Interestingly, AMD also believes that its new Threadripper processor can outperform consumer GPUs for mining capabilities. However, its high cost means that it will probably not be adopted as a new standard, especially if Samsung chips work well.

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Samsung ranks first

During Samsung’s earnings call, it was also revealed that the South Korean company surpassed Intel to become the world’s largest chip maker. Samsung surpassed Intel’s revenue in 2017 by $ 62.8 billion, generating $ 69.1 billion in its semiconductor division alone. If you’re wondering how important this is, Intel has remained unchallenged in the first place since 1992. It’s also the first time a non-US company has been in that place.

What the highlights The Verge , this is not even the most accurate comparison: Intel focuses on x86 processors, while Samsung does not. In the x86 business, Intel has come a long way, but in terms of monetary value, Samsung is taking the cake.

Samsung’s business has grown exponentially in recent years. Part of this growth is due to the fact that Samsung produces chips for its own home appliance products, smart devices, top TVs on the market and a giant smartphone business, but also supplies components to other companies. Apple is known to use Samsung components in its iPhone and you will find its RAM, SSD and HDD chips in products around the world.

If the mining of Samsung and Bitcoin takes off, wait for the gap between Intel and Samsung to grow even more.