Skip to main content

My Presents don't arrive in time for Christmas - are Bitcoin miners to blame?



Cars, smartphones, gaming: the lack of chips is affecting many industries. The Playstation 5 was launched about a year ago, but customers are still waiting for their devices to this day.


It looks the same with many Apple products like the new iPhone 13. Here, too, customers have to be prepared for higher prices and falling stocks. If you want to buy a new car, you also have to expect longer waiting times. "Depending on the make and model, the delivery time has leveled off at three to six months for a large part," says Marcus Weller , market expert at the Central Association of the German Motor Vehicle Industry .


How does the chip shortage arise?

The global shortage of microchips has two reasons : on the one hand, an intense increase in demand and, on the other hand, the inflexible and complicated structure of the microchip supply.


The increase in demand is shaped, for example, by car manufacturers who are investing in the expansion of electric vehicles. The demand for electronic devices also rose sharply as a result of the global corona pandemic, driven by more home offices and homeschooling.


The range of microchips is inflexible, mainly due to the complexity of their manufacture. “In fact, chips today have structures that are often only a few atomic layers thick. For their production, highly sensitive clean rooms are necessary, which make the production facilities extremely expensive and complex. The construction of a semiconductor factory can cost billions of euros, ”says FHTW expert Peter Rössler .


The production of chips is also very time-consuming. A microchip consists of a so-called "wafer". In semiconductor manufacture, the term “wafer” refers to the wafers on which the integrated circuits, the microchips, are manufactured. Such wafers have a throughput time of six weeks to three months in a semiconductor factory.


What role does crypto mining play when there is a shortage of chips?

The influence of crypto mining companies on the global shortage of chips is controversial. The only thing that is certain is that it makes a difference which type of crypto mining is involved.


Bitcoin miners use 5nm or 7nm chips, which are mainly required for the production of smartphones. There are currently no scientific data or studies that reliably shed light on the role of Bitcoin mining in the microchip shortage. Projections assume that Bitcoin mining takes up approx. 4-6% of the 5nm to 7nm chip production.


Ethereum Mining is based on graphics cards that are also used for gaming. It is estimated that 19% of the GPUs produced in 2020 were bought by Ethereum miners. As a result, the computing power in the Ethereum network is currently at an all-time high of > 900 terrahash / second .


Conclusion

The influence of crypto mining on the shortage of chips is therefore industry and currency specific. While gaming PCs compete strongly with Ethereum miners, the influence of Bitcoin mining on smartphone production seems to be rather limited.


So if the new iPhone is not to be found under the Christmas tree in time this year, Bitcoin is at least partly to blame.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily


Disclaimer of liability

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general informational purposes only. Any action that the reader takes based on the information found on our website is entirely at your own risk.

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more