Samsung has been designing and manufacturing chips required for Bitcoin mining.

Tech giant Samsung has been designing and manufacturing chips for Bitcoin mining behind scenes.
It comes after the company entered into a strategic partnership with the third largest signs of Bitcoin ASICs, MicroBT.

Ken Chigbo Independent Analyst

The general manager for Samsung Foundries China has detailed that the organization had been designing and manufacturing 3nm and 5nm chips, which are for Bitcoin mining. The commentary was picked up a the MicroBT M20 conference in Chengdu, China last month.

Samsung has been constructing these chips since Q1 of 2018, according to internal documents from the company. The tech giant recently announced they have entered into a strategic partnership with MicroBT, the third largest designer of Bitcoin ASICs.

The chips were produced in the latest line of MicroBT devices, M20S WhatsMiner, which has a power of some 68 Terahashes per second (Th/s) and an efficiency of 48 watts to the Terahash.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.