Industry sources claim that Samsung Electronics recently signed a major chip-making deal with a Russian company called Baikal, which specializes in dedicated Bitcoin mining hardware. Bitcoin chip Korea Herald reports that Samsung’s component-making arm will supply 14-nanometer ASIC chips for Baikal’s newly updated Bitcoin mining hardware.
First chip samples have already been tested, with mass production scheduled to kick off in January 2018. Industry watchers noted that since it’s very rare for Samsung, who usually sticks with the safer and established partners like Apple and Qualcomm, to team up with a lesser-known company based in Russia, the company is making a bet on the future business aspects of cryptocurrency. The main advantages of ASIC-powered Bitcoin systems over older mining devices that mainly rely on general-purpose CPUs, GPUs or FPGAs are speed and lower power consumption. South Korea is one of the world’s top five markets for mining software and hardware.
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