Squire Mining picks Samsung Electronics to build new ASIC chips in South Korea

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September 26, 2018 by
Squire Mining picks Samsung Electronics to build new ASIC chips in South Korea

Squire Mining Pvt Ltd, a Canadian based cryptocurrency mining company, revealed on Tuesday that they have partnered with Samsung Electronics and Goanchips to make ASIC chips in South Korea. Samsung Electronics will be Squire’s shop companion and Goanchips their design residence.

In August Squire engaged an ‘concealed’ layout fabrication firm to take on the back-end layout, testing as well as production of next-generation ASIC chip for mining Bitcoin Money, Bitcoin, and various other associated cryptocurrencies. They have actually now revealed Goanchips to be their design home and also Samsung Electronic devices as their factory companion.

Squire had actually authorized an unique supplier contract with Coingeek.com, in August, where the latter was in charge of marketing, distribution, soliciting and marketing of 10nm mining chip as well as mining gears that were being manufactured by Squire at the time to Bitcoin money and various other altcoin miners under the Coingeek brand.

The Squire, Samsung as well as Goanchips cooperation concentrate on generating next-generation 10nm ASIC chips for bitcoin mining. Samsung is charged with the manufacturing of ASIC chips in South Korea as well as Gaonchips will be made use of for Squire’s semiconductor design home. “Our front-end advancement group of engineers and developers is presently working with Gaonchips to develop the Company’s initial ASIC chip to extract Bitcoin Money, Bitcoin, and also other connected cryptocurrencies using a wafer process technology that, when validated and also approved as satisfying specific recommended specs and requirements, will form the basis of an initial automation test run of the ASIC chip by Samsung Electronic devices,” introduced the business, in a press release.

Squire is are currently concentrating on producing a working FPGA [Field Programmable Gate Array] prototype. The business announced that as soon as the model is released they will certainly have the ability to ‘strongly accelerate’ the design and growth of the mining rig for Bitcoin Money, Bitcoin, and associated cryptocurrencies. They intend to end up the FPGA prototype of the 10nm ASIC chip by September 30, 2018.

Teja

Krishna Teja Reddy is a crypto enthusiast and a market analyst. He is specializes in market analysis and strives to provide accurate crypto market statistics to the crypto community and cryptocurrency investors. He focuses on delivering quality news stories to him readers and aspires to be a successful business journalist.

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