An internal management person of Samsung Electronics, who is unwilling to be named, revealed that Samsung has accepted a contract from a Chinese hardware company and signed a contract with it. This month, it began to produce bitcoin mining machine chips and officially entered the field of bitcoin mining.
In addition, the person familiar with the matter said that Samsung completed the development of ASIC (Application Specific Integrated Circuit) semiconductors for bitcoin mining last year. Compared with mining equipment with CPU, GPU and FPGA as the core, ASIC-driven bitcoin mining system is fast and has low power consumption.
Samsung began to focus on mining in the second half of last year, when Bitcoin prices rose. The company's CreaTIve Lab Innovation Lab assembled a mining machine consisting of 40 old Galaxy S5s, showing a low energy consumption. A new type of mining method without noise. Samsung said that eight Galaxy S5s can mine more efficiently than computers with the Intel Core i7 2600.
This is also the beginning of Samsung's entry into the mining field. After a lapse of two months, Samsung signed an important chip manufacturing agreement with a Russian company called Baikal, which specializes in bitcoin mining hardware production. Samsung's component manufacturing division will supply Baikal's latest bitcoin mining hardware with 14nm ASIC chips. The first batch of chip samples have been tested and are scheduled to begin mass production in January 2018.
Today, Samsung, which is a chip manufacturer, has finally sold its mining chips to China. It is important to know that although China lags behind foreign countries in traditional PC chips and mobile phone chips, it is in the research of ASIC chips dedicated to mining. Chinese manufacturers account for more than 90% of the global market.
Although Samsung is a big factory, can it break through the monopoly of Chinese manufacturers?
90% of the global mining machine comes from China
Speaking of domestic mining machine manufacturers have to mention two, one is Wu Jihan's bitcoin mainland, one is a roast cat mining machine that has become a legend in the field, the founder "roasted cat" formerly known as Jiang Xinyu, in the crowdfunding After the establishment of the company and the growth and development, after the third-generation ASIC chip development of the roast cat was blocked and was catching up with the bitcoin price plunging, did not come over, Jiang Xinyu also disappeared on the way to the foreign collection. Wu Jihan's ant mining machine is relatively more fortunate. After the bitter price of bitcoin, the valuation of Bitcoin mainland has also risen, and even rumors that it will receive investment from Sequoia Capital and IDG in the near future.
Ant mining machine
Ant mining machine
"Roasted Cat" Blade Mining Machine
The reason why these two are mentioned is that the two companies are the first companies to enter the ASIC chip research in China. The reason is quite legendary. It is rumored that Jiang Xinyu and Wu Jihan were engaged in mining for the purpose of attacking foreign butterfly labs. In the end, both mastered nearly 20% of the computing power.
Deep research on the development of domestic mining, legend and mystery coexist, in addition to Bitcoin mainland and roast cats, Avalon and Wingbit are also benchmarking.
It is rumored that the world's first ASIC mining machine is not from Bitcoin mainland or roast cat, but "Avalon" of "Pumpkin Zhang". Perhaps the outside world is more familiar with another name of this company - "Jia Nan Zhizhi" ". At the beginning of the venture, the Avalon mining machine made a fortune by the skyrocketing price of bitcoin. After the price plummeted, the sale of the mining machine was blocked. "Pumpkin Zhang" announced that it would stop selling the whole mining machine for sale. Open source Avalon except the chip. All hardware solutions.
In the words of Pumpkin Zhang: "The core value of Bitcoin is people's yearning for freedom. Bitcoin mining should not be controlled by a few people."
Avalon mining machine
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