Samsung confirms production of ASIC chips for cryptocurrency mining
The South Korean company hasn’t given any details but has confirmed it began producing crypto mining chips te January.
By Brandon Vigliarolo | January 31, 2018, 11:08 AM PST
South Korean tech giant Samsung confirmed that it is now producing chips specially designed for cryptocurrency mining.
Samsung confirmed its crypto mining chip production te a conversation with TechCrunch, which itself wasgoed prompted by a report ter South Korean media (translation required) that the company began mass production of its cryptocurrency chips te January.
The news comes hot on the high-heeled slippers of Samsung’s overtaking of Intel spil the largest chipset manufacturer te the world. Our sister webpagina ZDNet said that the switch is unlikely to last, but Samsung’s fresh thrust into the cryptocurrency mining space could give it more leverage, especially spil specialized cryptocurrency mining chipsets begin to become prefered to graphic cards.
The basics of ASICs
Application-specific integrated circuits (ASICs) are chips built for one specific purpose, and they’re quickly becoming the prefered hardware for high-powered cryptocurrency mining.
ASICs are not fresh technology: They’ve bot around since the 1980s ter various electronics, but the latest explosion te cryptocurrency mining has made them a preferred choice. Since ASICs are built for one particular purpose, they’re swifter and more efficient than using anything else.
Up until recently, graphics processing units (GPUs) like those found ter Nvidia graphics card were superior. GPUs were prefered to pc CPUs because of their capability to treat a loterijlot of repetitive tasks, like mathematical computation.
GPUs used for crypto mining are still not performing the task they were designed for, which is rendering 3D graphics. A chip specifically designed to crunch through the ample amount of math that cryptocurrency mining requires would be able to greatly outperform a GPU, which is where ASICs come ter: The only thing they can do is what they’re specifically designed for, and they can do it better than anything else.
Hope for the graphics card market
A side effect of the GPU dominance te cryptocurrency mining has bot a hardware market bereft of movie cards.
Companies that need high-end cards for 3D modeling and PC gamers have both bot left te the lurch spil miners buy up movie cards, but Samsung’s budge may switch the landscape and help the movie card market stabilize.
Chinese-based Bitmain is the current leader ter crypto mining ASIC chips, and Samsung’s entry into the market makes it the very first large tech stiff to do so. Whether Samsung will upend the cryptocurrency mining market remains to be seen, but the company’s high profile may make ASIC mining far more accessible than it has bot.
Companies that want to invest ter crypto mining spil a way to make money are still advised not to consider it a quick way to build capital. There are a lotsbestemming of grey areas surrounding cryptocurrency, and the market’s instability may make a large investment of time and mining hardware still work out to a loss.