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Author Topic: Samsung confirms they’re developing ASIC’s  (Read 859 times)
gurugarzah
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February 01, 2018, 08:16:57 PM
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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/

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February 01, 2018, 08:36:57 PM
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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.

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February 01, 2018, 09:36:09 PM
 #3

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.

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gurugarzah
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February 01, 2018, 09:47:15 PM
 #4

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.”

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February 02, 2018, 04:55:20 PM
 #5

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
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February 03, 2018, 12:29:53 AM
 #6

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.

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February 15, 2018, 03:02:56 AM
 #7

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.

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March 09, 2018, 02:10:04 PM
 #8

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.

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March 09, 2018, 03:55:17 PM
 #9

...

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 trim the quote from Eternu.)

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March 09, 2018, 05:10:27 PM
 #10

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.)

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