Canadian crypto mining company Squire Mining Ltd. He combined his powers with Samsung Electronics for the production of ASIC chips used for crypto mining.
The public company, which switches from physical mining to digital mining, confirmed that it has established a design house in South Korea in a press release. Squire will use the casting services of Samsung, the world giant company that continues to exist in this East Asian country, to produce crypto mining chips in the design house.
Low power, high yield
ASIC, which is an expansion ‘Application-Speedic Integrated Circuit’ (application-specific integrated circuit), is a commonly used memory chip because of its small size, low power consumption and calculation power-enhancing properties. Microchip technology fully complies with the crypto currency mining criteria, which is a process that is hungry for watt and requires continuous calculation.
In May, the technology giant Samsung confirmed that the growth in demand for ASIC chips contributed to consolidated revenues in the first quarter of 2018. In addition, considering that the price of Bitcoin of that time was above $ 10,000, we can see why mining companies are now more willing to buy ASIC Machine.
Bitcoin and the crypto currency market in general, but the highest price of all time is lower than 70 to 80 percent lower, but the mining sector is home to more and more players …
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