Samsung confirms they’re developing ASIC’s

[gurugarzah]

I’m so happy! this is great news. I’ll refrain from laughing at Bitmain and Canaan.

https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

[VirosaGITS]

I’m so happy! this is great news. I’ll refrain from laughing at Bitmain and Canaan.

https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

Haha, that's cool, but making ASIC chips doesn't mean they're making miners. For example they could be making ASICs ships for Bitmain to build with. I really wonder who they are making these chips for, though. They will be a major player, whomever they are.

[leowonderful]

I’m so happy! this is great news. I’ll refrain from laughing at Bitmain and Canaan.

https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

Haha, that's cool, but making ASIC chips doesn't mean they're making miners. For example they could be making ASICs ships for Bitmain to build with. I really wonder who they are making these chips for, though. They will be a major player, whomever they are.

Ebang announced their new miner would use Samsung 10nm chips, could be part of it. I feel like that's probably where the chips are going, it's still anybody's guess though. Could even be an algo other than SHA256 for all we know.

[gurugarzah]

I’m so happy! this is great news. I’ll refrain from laughing at Bitmain and Canaan.

https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

Haha, that's cool, but making ASIC chips doesn't mean they're making miners. For example they could be making ASICs ships for Bitmain to build with. I really wonder who they are making these chips for, though. They will be a major player, whomever they are.

Ebang announced their new miner would use Samsung 10nm chips, could be part of it. I feel like that's probably where the chips are going, it's still anybody's guess though. Could even be an algo other than SHA256 for all we know.

I would say “But the article says to mine bitcoin” but it also says Ethereum which we know isnt true.
Unless it is. Lol
From the article.

“Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies.”

[the_electronrancher]

It's probably not the SAME chip for bitcoin and ethereum, but if a shop like Samsung is going to make one, why not both?  Innosilicon does.

Really exciting news and a big step forward for the network if it materializes - it's a little sketchy to have one scumbag supplier feeding the majority of the network hashpower

[Shazam!!!]

I read about Samsung entering the ASIC arena earlier this week. This could  be good for a few reasons, like the possibility of
more efficient and cheaper mining equipment. With that possibly opening the market to better availability as well. But my
main hope is, that such a Big, well known Name, will draw in more support from other businesses, to reinforce the BTC
community. After all, we can mine, but only as long as there is a need for BTC to be mined.

[QuintLeo]

Article has some issues.

 It says Samsung makes GPUs that are used in mining - the only GPUs they make are the GTX 1050 and GTX 1050 ti models, which are VERY little used in mining due to bad efficiency, and the GTX 1030 which isn't used in mining at all AFAIK.
 It says that ASIC are used for ETH mining- which is COMPLETELY WRONG at this point.
 Among others I noticed.

 It also talked about rumours of a "chinese distribution partner" - this is probably a reference to eBang and their announced "using Samsung to make 10nm chips for their next miner".

 Innosilicon never made any sort of a "dual algorithm" chip, the ONLY folks that ever did that was Gridseed and their offspring SFARDS - and the algos were SHA256 and Scrypt, no ETH in there at all.


 I would be inclined to say that whoever wrote that article had a MAJOR FAIL on their fact checking, or is just clueless about cryptocoin mining and doesn't normally write about it.

[Eternu]

It says Samsung makes GPUs that are used in mining - the only GPUs they make are the GTX 1050 and GTX 1050 ti models, which are VERY little used in mining due to bad efficiency, and the GTX 1030 which isn't used in mining at all AFAIK.

Low efficiency for mining doesn't change the fact that those GPU's could be used for mining also. Mainly, they make chips for GPU's for computers, but they could be also used for mining. It doesn't say that they are used for mining only.

It says that ASIC are used for ETH mining- which is COMPLETELY WRONG at this point.
 Among others I noticed.

There is possibility that they are making ASIC miners that could be used for ETH mining, it is not impossible. If something is not done before, it doesn't mean it is impossible.

Innosilicon never made any sort of a "dual algorithm" chip, the ONLY folks that ever did that was Gridseed and their offspring SFARDS - and the algos were SHA256 and Scrypt, no ETH in there at all.

As I said before, if something is not done before it doesn't mean its impossible. I don't understand why there couldn't be dual algorithm chip that could do both SHA256 and Ethash. Also maybe they will insert two separated chips that would be dedicated for one algorithm only. That way you could have one ASIC miner for two or more algorithms. They didn't specify "how" they'r going to make ASIC miner that could do what they say it do. We need to wait and see I guess.

[QuintLeo]

I'm more inclined to believe that it is YET ANOTHER article about cryptocoin mining where the writer didn't know what they are writing about and DID NOT FACT CHECK before they posted it.
Occam's razor, yanno?


Moderator's note: This post was edited by frodocooper to remove an unnecessary quote.

[Eternu]

I'm more inclined to believe that it is YET ANOTHER article about cryptocoin mining where the writer didn't know what they are writing about and DID NOT FACT CHECK before they posted it.
Occam's razor, yanno?

There is possibility that you are correct about writer's knowledge , I will not deny that. Note from the bottom of article made me question writer's knowledge of crypto. But I still believe that what I wrote is logical and possible. So I guess, maybe both of us is right in this case.


Moderator's note: This post was edited by frodocooper to remove multiple nested quotes.

[philipma1957]

Yeh needs to be asics miner not just asics in general. Give us an update when it is confirmed as asics miner.

They made the t1 asic chip fact.

It is in the Halong dragonmint
It will be in the innosilicon t2.

They may not have designed the chip but their chip foundry cut the wafers.

I think they will be putting in 1 chip in their TV sets sooner or later.

[-ck]

I think they will be putting in 1 chip in their TV sets sooner or later.

This, I'm sure will NOT happen.

[TopDev]

I think they will be putting in 1 chip in their TV sets sooner or later.

This, I'm sure will NOT happen.

How can you be so sure?
Maybe they'll install it and give you, the owner, the right to chose if you wanna mine a little while watching GoT.  
The new line of TVs will be Smart BTC Edition..

[mgoz]

I think they will be putting in 1 chip in their TV sets sooner or later.

Interesting concept. If they were smart, they'd do it on smartphones and mobile devices. There are more and majority are already connected to Internet. Not everyone with a smart TV connects it to the Internet. I'm sure some companies would love to do it covertly.

[QuintLeo]

There have been ideas to put mining chips into consumer electronics before.
They keep dying when the costs end up killing the product concept.

There is NO BLOODY WAY you're going to see a mining chip in a smartphone - they eat way too much power, and smartphones use "battery life" as a selling point.
Same issue with ANY mobile device - power consumption is going to kill the battery too fast, if you have enough hashrate to actually DO anything with.


The only "TV" I own has never been used as a TV - I needed a "quick" replacement for a dead monitor and my local Walmart was out of stock on monitors at that point (and there are NO other local options for computer stuff at all).
It also has a nasty irritating tendancy to want to shut itself off if it has no signal for more than about 3 seconds (it's shut itself down occasionally during computer BOOT UP as a result, which is a major PITA).
Stupid excessively "Green" garbage gets irritating that way.

[-ck]

I think they will be putting in 1 chip in their TV sets sooner or later.

This, I'm sure will NOT happen.

How can you be so sure?
Maybe they'll install it and give you, the owner, the right to chose if you wanna mine a little while watching GoT.  
The new line of TVs will be Smart BTC Edition..

How can I be so sure? I do believe I'm qualified to make that judgement.

Because one mining chip provides pitiful amounts of mining and a lot more consumes far too much power for a generic consumer device. Power consumption is a huge part of a consumer device. Many chips require ridiculous amounts of cooling and TVs and other consumer devices do not usually have any significant amount of cooling; a few heatsinks and maybe one small fan at most. The one chip pitiful amount is seriously not even worth a few satoshi of mining and there is no "generic way" to mine. All mining happens at pools and even at pools one chip won't provide enough to get a payout even once per year. Samsung isn't going to start running their own mining pools to allow people to earn dust amounts of mining that they can never actually redeem, nor will they waste effort and time developing their own chip for such a futile exercise. Samsung will happily press chips for other morons because that's what their chip foundry is designed to do. They don't care what crap designs they get given, they just have to press them at ever decreasing sizes for ever increasing costs to get their money.

Forget it, the equation doesn't work.

[sidehack]

As someone pretty familiar with the economics of single-chip miners - yes, exactly. The cost of integrating one chip into something would profit the chip vendor, and the integrator (if he could sell it), but never the customer. The customer would only pay extra for that much mining if he's an idiot unaware of the economics of the situation, or just doesn't care about the economics of the situation.

Been saying that for years, and if anything, the economics keep getting worse with time.

[TopDev]

How can I be so sure? I do believe I'm qualified to make that judgement.

Because one mining chip provides pitiful amounts of mining and a lot more consumes far too much power for a generic consumer device. Power consumption is a huge part of a consumer device. Many chips require ridiculous amounts of cooling and TVs and other consumer devices do not usually have any significant amount of cooling; a few heatsinks and maybe one small fan at most. The one chip pitiful amount is seriously not even worth a few satoshi of mining and there is no "generic way" to mine. All mining happens at pools and even at pools one chip won't provide enough to get a payout even once per year. Samsung isn't going to start running their own mining pools to allow people to earn dust amounts of mining that they can never actually redeem, nor will they waste effort and time developing their own chip for such a futile exercise. Samsung will happily press chips for other morons because that's what their chip foundry is designed to do. They don't care what crap designs they get given, they just have to press them at ever decreasing sizes for ever increasing costs to get their money.

Forget it, the equation doesn't work.

As someone pretty familiar with the economics of single-chip miners - yes, exactly. The cost of integrating one chip into something would profit the chip vendor, and the integrator (if he could sell it), but never the customer. The customer would only pay extra for that much mining if he's an idiot unaware of the economics of the situation, or just doesn't care about the economics of the situation.

Been saying that for years, and if anything, the economics keep getting worse with time.

Dudes, I was just joking around but thanks for opening my eyes.
I'm not in that chip building business but nonetheless I knew that it wouldn't be profitable for the consumer. That's simple logic.
But I didn't know this technical things that you've explained so well.
Thanx for that.

[sidehack]

Some other people here are pushing the idea for real.

[QuintLeo]

As someone pretty familiar with the economics of single-chip miners - yes, exactly. The cost of integrating one chip into something would profit the chip vendor, and the integrator (if he could sell it), but never the customer. The customer would only pay extra for that much mining if he's an idiot unaware of the economics of the situation, or just doesn't care about the economics of the situation.

Been saying that for years, and if anything, the economics keep getting worse with time.

 As an example - Antminer's Scrypt router (R4?) - which has never earned even close enough to pay for it's cost premium over other devices with no mining in them that have similar performance, much less it's total cost, and at THIS point I think it might be underwater on cost of running the mining chip vs income unless you have FREE electric.