fahdforex Posted March 30, 2018 Report Share Posted March 30, 2018 Samsung reveals plans to create mining chips as it officially enters cryptocurrency arena Samsung have announced that their foundry business makes chips designed for cryptocurrency mining. The move was reported by Korean newspaper The Bell who revealed the chips will be application-specific integrated circuit (Asic). It marks the first official move by Samsung into cryptocurrencies. Garrick Hileman, a cryptocurrency researcher from the University of Cambridge, said the move indicates that Samsung does not see Bitcoin as a bubble that is about to burst Bitcoin may be the biggest and most popular cryptocurrency today. However, it has been joined by many others over the years with new coins being launched regularly. Samsung’s chip manufacturing decision is clearly influenced by more than Bitcoin. The combined market value of cryptocurrencies has gone from less than $20bn to more than $540bn making it impossible to ignore. The South Korean company’s semiconductor business is booming. It overtook Intel to become the world’s biggest chipmaker last year. Asic chips are designed to carry out a single task, which in this case is mining. For More Detail : Samsung joins cryptocurrency bandwagon Link to comment Share on other sites More sharing options...
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