[CT] Samsung enters cryptomining business with specific chips - Overclock.net - An Overclocking Community

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[CT] Samsung enters cryptomining business with specific chips

 
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post #1 of 9 (permalink) Old 01-31-2018, 10:41 AM - Thread Starter
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[CT] Samsung enters cryptomining business with specific chips

Samsung announced a deal on Monday, Jan. 29 to manufacture ASIC mining hardware with Taiwanese manufacturer TSMC. “Mass production” of the ASIC chip has already begun in January, according to Korean news outlet The Bell.

An ASIC chip, which stands for Application-Specific Integrated Circuit, is a specialized piece of hardware designed to only mine cryptocurrencies based on a specific hashing algorithm, such as SHA256 or Scrypt (which Bitcoin and Litecoin run on, respectively). It makes up part of a crypto mining device.

TSMC supplies the ASIC chips needed for cryptocurrency mining to Bitmain, a China-based Bitcoin mining company. Bitmain also manufactures its own hardware, having released two ASIC-style products in September 2017 to relatively negative fanfare as well as an unexpected launch of a SiaCoin miner on Jan. 19.

Sauce: https://cointelegraph.com/news/samsu...hips-for-china

Sorry for missing quote tags, I'm typing from PC and I just found myself on a different site lol

(Need to activate thread editor to see them I guess)

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post #2 of 9 (permalink) Old 01-31-2018, 11:09 AM
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Wonder why Samsung is building the chips through their rival instead of their own in house fabs.

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post #3 of 9 (permalink) Old 01-31-2018, 11:20 AM
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Quote: Originally Posted by EniGma1987 View Post
Wonder why Samsung is building the chips through their rival instead of their own in house fabs.
ehhh maybe probably so they dont use up any of their own production capacity for proven profitable products, while eating up production capacity of said rival who could likely be using that capacity in other ways. Something along those lines i believe.
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post #4 of 9 (permalink) Old 01-31-2018, 11:37 AM
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Selling shovels during the gold rush. Makes sense.
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post #5 of 9 (permalink) Old 01-31-2018, 12:37 PM
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Whether or not you like crypto mining, companies and/or manufacturers need to adapt to the changing economy and demographic of the consumer. That said, Samsung looks like they are doing just that. Good for them.


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post #6 of 9 (permalink) Old 01-31-2018, 01:44 PM
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Quote: Originally Posted by EniGma1987 View Post
Wonder why Samsung is building the chips through their rival instead of their own in house fabs.
Because Samsung is still having problems keeping up with the demand for the rest of their chips. It takes a while to add more production facilities; it's not like they can order new factories on eBay, have them overnighted in, then set up and running the next day. It also takes a while to grow each crystal.

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post #7 of 9 (permalink) Old 01-31-2018, 01:55 PM
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Quote: Originally Posted by Lady Fitzgerald View Post
Because Samsung is still having problems keeping up with the demand for the rest of their chips. It takes a while to add more production facilities; it's not like they can order new factories on eBay, have them overnighted in, then set up and running the next day. It also takes a while to grow each crystal.
Samsung knew they were going to have capacity issues for years now. Without the mining boom they probably never would've been outright caught with their pants down and memory would stay expensive forever.

Now they have to build more fabs, and if the market slows down the tiniest bit then prices will drop. Thanks miners
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post #8 of 9 (permalink) Old 02-01-2018, 06:13 AM
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Hopefully decent miners will be readily available to purchase then, rather than through dodge online stores or directly to bitmain with BTG.

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post #9 of 9 (permalink) Old 02-01-2018, 09:22 AM
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The translation is a little odd, Are they just making these for sale in china?

If its not for Bitmain, their ASIC miners are about to be obsolete if any sort of Samsung engineering is applied to this.

Yeah.....i still play WC3 TFT, so what....

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