South Korean electronics giant Samsung is finishing testing and starting test production of 3nm chips.
The new chips are compatible with ASICs designed for ASIC miners. The technological novelty from Samsung is designed to solve a number of critical problems associated with bitcoin mining, for example, it will reduce power consumption by 30%. In addition, the use of new chips can increase the mining speed by about 15%, as well as increase the density of the translator up to 33%.
Chinese application chip maker PanSemi and US wireless communications R&D company Qualcomm have shown interest in the new development, placing orders and bookings for the first batches of the chips.
Initially, Samsung will manufacture and supply 3nm chips to the Chinese market for the benefit of the largest ASIC miner manufacturers.
In June, a subsidiary of Samsung Corporation’s investment arm announced the launch of the “first ever Hong Kong and Asia” exchange-traded fund (ETF) based on blockchain companies on the Hong Kong Stock Exchange.