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Samsung signs deal with Baikal for Bitcoin mining

Sources claim that Samsung recently signed a key deal with a Russian company called Baikal, which specializes in Bitcoin mining hardware. According to the news on The Korea Herald, Samsung has made an agreement with the Russian company Baikal on chip production.

Samsung will start work

Samsung, Baikal will start working to supply the 14 nm ASIC chip required for the new mining system. It is said that the company will start mass production in January 2018, when it tests the first chip samples.

ASIC PROCESSORS

Asic processors are specially prepared for certain uses. These processors are often used to mine cryptocurrencies and decrypt Bitcoin blocks. ASICs, which consume less energy than basic mining devices, are also very advantageous in this respect. In addition, South Korea is recognized as one of the world’s top five markets for hardware mining.

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