Samsung finally smelled the beans and has started mass production of bitcoin mining chips(ASIC) in partnership with an unidentified mining company from China.
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 – called Application-Specific Integrated Circuits (ASIC) – 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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This is really good news for re-decentralizing BTC mining. Bitcoin will go through a huge new bull market soon. Serious companies, governments and central banks will get involved now.
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Well the good things will be increased rates & more after sales services on miners & the flip side being more difficulty which won't be good for existing miners.
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I didn't expect that to come, thanks for sharing!
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I'm glad to
Please follow for future updates & an upvote/resteem will really help.
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this is a welcomed message.
that is why i always tell people that cypto has come to stay.
thanks brother for sharing.
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This post has received a 1.29 % upvote from @drotto thanks to: @krupesh.
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