Samsung to produce chips for Bitcoin mining; Secures Chinese ASIC firm as 1st customer #TOGRP7

South Korean electronics giant Samsung is reportedly working on three nanometer chips that can be utilised in Bitcoin mining after the company hinted about the product during the 2022 Q1 financial call.

Samsung’s ability to manufacture 3nm chips will likely solve some Bitcoin mining pain points, like reducing power consumption by up to 30%. Additionally, the chips can increase the mining speed by about 15% alongside a 33% higher translator density. 


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