Samsung Is Developing a New Generation of Chips for Bitcoin Mining

South Korean electronics giant Samsung is working on 3-nanometer chips that can be used to mine bitcoin (BTC). The company announced this development in the first quarter of 2022. 

The 3-nanometer chips are compatible with the special integrated circuits (ASIC), the machines that are used to mine bitcoin. Testing is known to be underway. Samsung's new 3nm chips will not have the typical shortcomings of miners and will consume 30 percent less power. In addition, the chips can increase the speed of mining by about 15%, as well as increase the density of the transmitter by 33%.
Samsung's 3nm production is based on the technology of the Gate All Around (GAAFET) company, which differs from the conventional FinFET process used to create 7nm and 5nm chips. GAAFET reduces the size of the silicon, resulting in higher performance. 

The company has already found the first customer - the Chinese firm PanSemi. In addition, the chips are reserved by the famous American company Qualcomm. 

With Samsung's entry into the bitcoin mining market, the competition in this area will become even more serious. Earlier, Intel announced the release of a new chip for mining cryptocurrencies, called Blockscale.