Canada's Squire partners with Samsung and Gaonchips for new ASIC chips

[gentlemand]

https://www.ccn.com/samsung-to-manufacture-asic-chips-for-canadian-bitcoin-mining-firm/

Is this going to become a major player? Will Bitmain's new chip keep them at the forefront or are things in general heating up worldwide? It appears Samsung anticipate no capacity problems.

[squatter]

https://www.ccn.com/samsung-to-manufacture-asic-chips-for-canadian-bitcoin-mining-firm/

Is this going to become a major player? Will Bitmain's new chip keep them at the forefront or are things in general heating up worldwide? It appears Samsung anticipate no capacity problems.

New competitors are obviously entering the arena, but it's too early to speculate that Squire will be relevant. They only just struck a deal with Gaonchips to start designing the chips last month. When are miners actually going to hit the market?

Samsung also may have lots of capacity, but it remains to be seen what kind of scale Squire can actually bring. Their $19.5 million funding round doesn't exactly inspire confidence when compared to a behemoth like Bitmain.

[Dig Bicks]

I believe Bitmain is really starting to panic, more manufacturers are starting to pop up and they are sitting on over 1 million Bitcoin Cash.

It's looking like this IPO is a last ditch attempt to squeeze out as much cash as they can before their whole company goes belly up.

[gentlemand]

I believe Bitmain is really starting to panic, more manufacturers are starting to pop up and they are sitting on over 1 million Bitcoin Cash.

It's looking like this IPO is a last ditch attempt to squeeze out as much cash as they can before their whole company goes belly up.

But they have their juicy new chip on the way - https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip/

It's odd there isn't an IPO thread. It's uncovering an awful lot of weirdness too. I'd like to see the thoughts of people on here regarding it.

[fanatic26_]

I believe Bitmain is really starting to panic, more manufacturers are starting to pop up and they are sitting on over 1 million Bitcoin Cash.

It's looking like this IPO is a last ditch attempt to squeeze out as much cash as they can before their whole company goes belly up.

The reports of bitmains impending demise are greatly exaggerated. Dont believe everything you hear, and dont regurgitate it as fact when no one really knows.

[Steamtyme]

Can't say I heard of squire before today.

With all these new companies coming out with new designs and first time gear developments; I wonder how many just aren't willing to cut their losses, or are in to deep. I imagine most of these companies started forward during the ATH, and have been telling themselves it's going to bounce back. Not that I'm complaining a healthy market needs competition.

Regardless, I'd be very pleased to see a Canadian company in the foray because I'm sick of international shipping and customs.