Samsung Producing 10 Nanometer Chips for Halong Mining

According to Halong Mining’s website, “the DragonMint T1 is the world’s most efficient Bitcoin miner, operating at 16TH with AsicBoost technology inside for greater power efficiency.” That miner is powered by a Samsung chip which marks the tech conglomerate’s first foray into the cryptocurrency mining market. 

Samsung Mining Chips S

Halong Mining is a Chinese company that produces ASIC miners for use on the Bitcoin or Bitcoin cash networks. Their flagship miner, the DragonMint T1, competes with Bitmain’s popular S9 miner. Although the DragonMint is more expensive than the S9 it makes up for that with a nice bump in efficiency. In a test the T1 clocked in consistently at 15.5 to 15.9 TH/s while the S9 was slightly slower at between 13.2 to 14 TH/s.  The added efficiency of the T1 makes it a good buy, especially for large mining operations and it’s the result of a Samsung produced mining chip. 

In a tweet revealing the partnership between the two companies, ASIC retailer MyRig stated, “Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm.” A picture accompanying the tweet showed an employee holding a wafer, a semiconductor material that is commonly used in the production of integrated circuits. The 10nm referred to the 10 nanometer size of the mining chip, making it one of the smallest and most efficient on the market. 

That MyRig was the firm to announce the Samsung chip can be attributed to a partnership between them and Halong Mining. MyRig has been selling and repairing miners since 2013 and working together the two firms hope that they can sell a significant number of DragonMint T1s.

The Next Generation of Mining Chips

While the 10 nanometer chip that Samsung is supplying to Halong Mining for its T1 miner is extremely efficient, if it’s going to stay relevant in the fast paced world of ASIC manufacturing Samsung is going to have to continually develop new technologies. Already Bitmain has begun production of a 7 nanometer chip which it promises is going to offer a new level of energy efficiency. 

As of yet Samsung has not announced plans to produce a 7 nanometer chip. While the DragonMint T1 is still being used to mine Bitcoin, if Samsung is going to stay relevant they’re going to have to continue to produce the smaller, more efficient chips that are quickly becoming the standard.