Samsung enters volume production for Cryptocoin mining ASIC
Samsung has reportedly been contracted by a China-based firm to fabricate Bitcoin mining ASICs with volume production already kicking off in January.
Samsung has started to fabricate ASICs for Bitcoin mining for an unnamed China-based company, according to a report from South Korea-based website The Bell. New orders for Bitcoin mining solutions are set to be a new driver of Samsung's future profit growth, the report quoted unspecified company sources as indicating, reports digitimes.
Bitmain Technologies, Canaan Creative and Ebang Communication are currently the leading China-based suppliers of Bitcoin mining solutions. Both Bitmain and Canaan reportedly partner with Taiwan Semiconductor Manufacturing Company (TSMC) to manufacture mining chips.
According to a recent report from Taiwan's TechNews, TSMC saw Canaan's orders for Bitcoin mining solutions bring CNY58.12 million (US$9.19 million) and CNY186 million, respectively, to company revenues in 2015 and 2016. Canaan's orders increased significantly in 2017 bringing an estimated CNY500 million to TSMC's revenues for the year.
A recent Digitimes report quoted industry sources as saying that TSMC has obtained sizable orders from Bitmain for 2018. Bitmain's orders will be enough to occupy 90% of TSMC's ASIC foundry capacity during off-peak season, as the orders from the mining company amount to 100,000 wafers monthly.
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Senior Member
Posts: 3929
Joined: 2014-12-09
I wish Samsung all the best for this product.AMD "gaming" GPU sales dep should be worried...
Senior Member
Posts: 1742
Joined: 2013-06-04
Cant wait for this crap Cryptocoin mining fad to fail.
That will be fun. Yes sir.
It will not fail until governments start to regulate and tax it. or in extreme cases: ban it.
I wish Samsung all the best for this product.AMD "gaming" GPU sales dep should be worried...
Bitcoin is not mined with GPU's. Neither AMD and Nvidia would be affected.
I do hope this ends soon, or I'll never be able to afford GPU's anymore.
Senior Member
Posts: 425
Joined: 2017-12-11
This might actually end up being a good thing for us , if there is a dedicated hardware for the miners , the availability of pc hardware like the graphics cards should return to normal and the prices will fall .
Senior Member
Posts: 260
Joined: 2017-09-25
Well good news for Samsung
Link :
https://overclock3d.net/news/software/samsung-has-dethroned-intel-to-become-the-world-s-largest-chipmaker/1
Senior Member
Posts: 277
Joined: 2014-10-22
Cant wait for this crap Cryptocoin mining fad to fail.
That will be fun. Yes sir.