TSMC to Execute Bitmain's Orders for 5nm Crypto-Mining ASICs from Q3-2021

TSMC will be manufacturing next-generation 5 nm ASICs for Bitmain. The company designs purpose-built machines for mining crypto-currency, using ASICs. DigiTimes reports that the 5 nm volume production could kick off form Q3-2021. Bitmain's latest Antminer ASIC-based mining machines announced last month were purported to be up to 32 times faster than a GeForce RTX 3080 at mining Ethereum. Recent history has shown that whenever ASICs catch up or beat GPUs at mining, prices of GPUs tend to drop. With no 5 nm GPUs on the horizon for Q3-2021, one really can expect market pressure from crypto-miners to drop off when Antminers gain traction.