TSMC will be producing 5nm chips for Cryptocurrency mining

Bitcoin and Ethereum are reaching record-high prices. Miners are increasing their mining capabilities by upgrading and increasing their hardware to get more hash rate and companies are developing mining ASICs. Bitmain, a mining accelerator designer, allegedly commissioned TSMC to produce an ASIC using the foundry's latest N5 manufacturing process (5 nm). 

These Bitmain ASICs will be manufactured in Taiwan's Semiconductor Manufacturing Co., and it will be used N5 technology. It will affect TSMC's production of N5 chips for other customers and also the N5 fabrication process. The production may begin in the third quarter of the year. N5 processes have only been adopted by Apple and Huawei, and MediaTek is also expected to adopt N5 technology shortly for mobile processors. 

TSMC's N5 manufacturing technology offers industry-leading transistor density and power efficiency, and also at a great price, and also TSMC has some big customers, like AMD, Apple, Nvidia and Intel so will TSMC likely to take the big companies to order or Crypto companies in this ongoing chip shortage.  

As it turns out, Bitmain is yet another company that can afford to develop an N5 design and order its production at TSMC. There is no information on Bitmain's 5nm chip, but it makes sense to expect that the company will significantly increase ASIC's hash rate compared to existing offerings, in order to mine a block on the blockchain, complex algorithms are run to find the solution, once they have the ability to add the block and get rewarded and for that, the mining needs to be fast and powerful, and currently, the top ASIC miners can offer a massive 110TH/s, ASIC processors based on 5nm manufactured especially for mining bitcoin can accelerate it even further, even higher hash rates for next-generation miners.

Chips not only make an impact on processing speed, but they are also a timing concern when it comes to miner manufacturing that stems from the chip foundries as well. Like when there is a fall in price or any such situation, manufacturers can't just increase production, it depends on chip availability which is then dependent on wafer allocation.  

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