The race for semiconductors: Are crypto miners taking the lion's share?
Semiconductors are making headlines again this year but to what extent can the shortage be attributed to crypto miners? Over the last couple of years, the world has been grappling with the lack of semiconductors, which are the substances that conduct electricity between metals and isolates. The most famous semiconductor is silicon. If correlating this concept to electronic devices, then the key semiconductors are processors and other microcircuits that are present in almost all devices that people use every day, from smartphones to cars. In 2021, semiconductors hit a world record in terms....
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Intel played a big role in President Biden ’s State of the Union address. He highlighted the company’s plan to manufacture semiconductor chips in Ohio, and said, “Make more cars and semiconductors in America. More infrastructure and innovation in America.” Was he secretly approving Intel’s plan to produce ASIC bitcoin miners? Or did he not know that those semiconductors are an integral part of those machines? Make no mistake, semiconductor chips or integrated circuits are an integral part of almost every technological device around you. And Intel is a huge company with many products....
Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for the Mining Rig Manufacturer Bitmain Faster bitcoin mining rigs manufactured by Bitmain may be coming at the end of 2021 or possibly next year. A recent report published by digitimes.com says....
Despite the surging crypto market rally, Nvidia believes its record first-quarter earnings are the result of high demand from the gaming industry. Nvidia, a leading manufacturer of graphics processing units, or GPUs, has announced record earnings for Q1 2021. However, the firm has downplayed the role of the crypto bull market in driving its impressive performance, primarily attributing demand for its products to gamers.The firm reported an 84% increase in sales overall, with the impressive performance owing to a period of sustained growth despite global shortages of semiconductors.Nvidia’s....
Bitcoin mining difficult has climbed to 1180923195.26 this weekend, a 30 percent increase from the previous difficulty. The increase came as more and more bitcoin miners come online to not only make money on transaction fees, but to earn the reward of discovering new bitcoins. Up to 21 million bitcoins will ever exist, and the level of difficulty is contingent on the total amount of hashing power on the network. To prevent all of the 21 million bitcoins from being discovered too soon, the difficult increase makes calculations more challenging for miners. This means that today's most....
Alameda Research is on thin ice if we’re to believe the latest report. Sam Bankman-Fried’s trading firm appears to have most of its assets in illiquid altcoins, which is bad enough. Worse even is that the lion’s share of its assets is in FTT, the token created by his derivatives exchange FTX. If that’s true, […]