On a conference in Chengdu, China, Samsung has announced it had designed and produced 3 and 5 nm microchips for bitcoin mining. Samsung asked for help a strategic partner, the third biggest crypto mining devices (after Bitmain and Canaan) producer, MicroBT. Although it holds the third place, its microchips are famous for performance and energy efficiency.

As market with crypto mining devices has been growing steadily as well as cryptocurrency market capitalisation, the news, regarding Samsung rising stacks on bitcoin mining devices market, doesn't come as a big surprise. For comparison, the latest microchips for mining devices, which can be seen as a milestone of this cooperation, are 5 x faster and 50 % more cost effective than current standards on this market, while keeping its price competitiveness.

Samsung takes blockchain seriously and announced in february this year, it would equip its current flagship S10 with a storage for public key for crypto wallets, especially for Ethereum, ERC20 tokens and others. It's interesting to watch news about Samsung Coin, where present information suggests launch of Ethereum token in 2020.