Samsung now releases mining chips

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Samsung has begun production of a trial batch of 3-nanometer chips compatible with mining devices – application-specific integrated circuits (ASICs), writes RBC Crypto with reference to South Korean media.

New chips will be created using GAA (Gate-All-Around) technology: in this production, transistors get an unusual shape. Samsung said this should result in a 45% reduction in chip size, a 30% increase in efficiency, and a 50% reduction in power consumption.

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According to the publication, the first customer became Chinese manufacturer of cryptocurrency mining equipment. US-based Qualcomm, a major Samsung customer, has also reserved new devices, the article says.

In Russia, deputies propose to consolidate the concept of mining by considering the draft law “On Mining in the Russian Federation”, and the Bank of Russia agreed to legalize the production of cryptocurrencies in the country, subject to certain conditions.

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Source: Cryptocurrency

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