Samsung Reportedly Building Mining Chips

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Samsung Reportedly Building Mining Chips
https://static.businessinsider.sg/sites/2/2018/02/2018-01-15T023452Z_466417417_RC19765AC900_RTRMADP_3_SAMSUNG-ELEC-CHIPS-OUTLOOK-1068x712.gif

Samsung finally smelled the beans and has started mass production of bitcoin mining chips(ASIC) in partnership with an unidentified mining company from China.

https://www.bitcoin.com/wp-content/uploads/2016/10/wEyLyQuytp1ATBtURJMlFtdKE33t93qIW298rzQpMWfb-O35Lv_cXRxpoEx6-rggHuCtZOukA4pYDPdOO9p22kvmVQVCLTRpJNbyS6o-Phaxor2FvziM1hGfHxoBwlja62zg_rrO.jpg

The news was reported by South Korean news outlet **The Bell**, mentioning unnamed Samsung officials as its source.

Samsung to start mass producing the chips โ€“ called Application-Specific Integrated Circuits (ASIC) โ€“ this month, for distribution by the Chinese firm, it adds.

Rumors of Samsung's ventures in mining date back to last October when the company unveiled a bitcoin mining rig composed of old Android smartphones at a U.S. developer's conference.

This can bring big change in the market as big names such as Apple & Samsung can turn the tables & get attention from the masses.

Let's hope that everything turns out to be good for everyone & future of cryptocurrencies is bright too.


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