Application specific integrated circuit bitcoin mining

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. The Korea Herald reports that Samsung’s component-making arm will supply 14-nanometer ASIC chips application specific integrated circuit bitcoin mining 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. Get updates directly into your inbox. Apple seeds third betas of iOS 11. Significant progress made on Electra jailbreak for iOS 11. This website is not affiliated with Apple. So, you want to be a Cryptominer!

In that case, you would want to read this article thoroughly to sought out which is best for you ASIC Mining Vs GPU Mining ? As you all know, Crypto-mining or Mining is one of the ways to actually earn Cryptocurrencies, be it Bitcoin or any Altcoin, besides other methods like trading or buying Crypto coins for fiat currency. Your graphic card or ASIC Rig will be on their way to finding new blockchain blocks while you will be making money by practically doing nothing. By mining you can add more amount to your existing coin assets and thus more profit.