RE: BTC recovery5 Jul 2022 02:04
South Korean electronics giant Samsung is reportedly working on three nanometer chips that can be utilised in Bitcoin (BTC) mining after the company hinted about the product during the 2022 Q1 financial call.
The 3nm chips are compatible with specific integrated circuits (ASICs), machines known to be effective in mining Bitcoin, with sources indicating trials are already underway, The Elec reported on June 29.
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.
Samsung secures first customer
The company has already secured its first customer, PanSemi, a Chinese ASIC firm. Sources further indicate that U.S.-based Qualcomm (NASDAQ: QCOM) has also made reservations for the chips.