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FPGAs Threaten Smallcap Altcoins as Xilinx Enters Crypto Mining

Xilinx, a Fortune 1000 semiconductor company specializing in FPGAs, is entering the crypto mining market, said sources. This poses a threat to coins with “vulnerable” mining algorithms such Ravencoin, Nervos, and others.

Xilinx is a semiconductor company with a market capitalization of over $24 billion. Recently, leaked communications from within the firm show that they are making moves into crypto mining with FPGAs (field-programmable gate arrays). This segment has historically been dominated by Nvidia and AMD GPUs.

Xilinx Enters Crypto Mining

Previously, the firm mainly served other hardware designers in this market, such as SQRL, which designs specialized FPGAs for cryptocurrency mining.

An FPGA is a type of chip that allows a miner to configure it to effectively mine different algorithms, and thus different coins. This capability may even allow FPGAs to withstand algorithm hardforks meant to thwart specialized hardware, such as those employed by Monero. ASICs (application-specific integrated circuits), meanwhile, are locked into mining on a single algorithm, like Bitcoin’s SHA256. Read More...