Samsung Produces ASIC Chips For New Halong Bitcoin Miner

Crypto mining distributor MyRig recently revealed that electronics giant Samsung supplies the ASIC chips for Bitcoin (BTC) miners made by Halong Mining, according to a tweet from MyRig April 10.

On Tuesday, MyRig tweeted an image of a company representative holding a plate of semiconductor material used in the production of integrated circuits. The firm said that the piece of equipment is “what powers Halong Mining DragonMint T1” and is produced by Samsung.

Samsung first revealed that it started manufacturing Application-Specific Integrated Circuit (ASIC) chips for “mass production” in China in January 2018. An ASIC chip is a piece of mining hardware designed to mine cryptocurrencies based on a specific hashing algorithm.

Reference: https://cointelegraph.com/news/samsung-produces-asic-chips-for-new-halong-bitcoin-miner

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