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Samsung Develops ASIC Chips for Halong Mining, Distributor Claims

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Samsung produces ASIC chips for Halong Mining, the maker of up-to-date mining equipment, at least according to a mining drilling distributor.

On Tuesday, MyRig, an online retailer of mining platforms, tweeted a photo of a wafer, a thin slice of semiconductor material used in the manufacture of integrated circuits. The company claimed that it was a 10-nm wafer produced by the Samsung electronics giant.

As NCC reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips designed for Bitcoin mining last year, which chips it has provided to a public limited company. At the time, Samsung was complaining about the identity of this company, only confirming that it was based in China.

Little is known about Halong, whose first miner – the Dragonmint T1 – was announced last year and only recently started being shipped to customers. Bitcoin Core Developer BTCDrak is involved in Halong Mining to a certain extent, but it is unclear exactly how it is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain's Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had extracted a block using Halong hardware, which gives it greater efficiency through a technological update called AsicBoost.

Despite these recommendations, Cobra-Bitcoin – which co-owns and BitcoinTalk – repeatedly reiterated that he believed that Halong Mining was a scam and that the Dragonmint T1 was really a renowned device manufactured by Innosilicon. Cobra has also refused to revert to these charges now that the company has begun shipping minors to customers.

Nevertheless, if Samsung provides chips to Halong, this could greatly help the start-up to cope with Bitmain's dominance in the ASIC market because Samsung has the ability to increase its production of ASIC chips quite easily to accommodate consumer demand.

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