Daily Archives: 06/07/2022

Samsung has developed new chips for ASIC miners

South Korean electronics giant Samsung is finishing testing and starting test production of 3nm chips. The new chips are compatible with ASICs designed for ASIC miners. The technological novelty from Samsung is designed to solve a number of critical problems associated with bitcoin mining, for example, it will reduce power consumption by 30%. In addition, the use of new chips can increase the mining speed by about 15%, as well as increase the density of…

Jordan Belfort: “Over time, bitcoin will be traded as a store of value”

Former stockbroker Jordan Belfort believes that investing in bitcoin in the long run can protect investors’ funds from inflation. Previously, Jordan Belfort was convicted of fraud related to the securities market. His memoir inspired director Martin Scorsese to create the famous film The Wolf of Wall Street. In a recent interview, Belfort recommended that investors buy bitcoin not for short-term market manipulation, but for long-term storage. According to him, there will come a time when…