Canadian crypto mining firm Squire Mining Ltd. It has joined forces with Samsung Electronics to manufacture ASIC chips used for crypto mining. Squire will use the foundry services of the world’s giant company Samsung, which has a presence in this East Asian country, to manufacture cryptomining chips in the said design house.
Low Power, High Efficiency
Application- ASIC, a ‘Specific Integrated Circuit’, is a random access memory chip widely used due to its small size, low power consumption, and computational power-boosting features. Microchip technology fully complies with the criteria for cryptocurrency mining, which is a watt-hungry process and requires constant computation.
Tech giant Samsung said in May that growth in demand for ASIC chips contributed 73% to its consolidated revenues in the first quarter of 2018. had confirmed. Also, considering that the Bitcoin price at that time was above the support of $10,000, we can understand why mining companies are now more willing to buy ASIC machines. We see that the mining industry is hosting more and more players day by day, even though it is lower than 80…
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