Samsung turns to Bitcoin

Samsung, the giant south Korean, has decided to embark on the great adventure of Bitcoin in producing chips ASICs for miners of crypto-currencies.

A partnership that has just been completed

The partnership does not date from yesterday. In fact, last year, Samsung had announced that it has negotiated a partnership with a chinese manufacturer of devices for blasting. The goal was to create chips ASICs specifically designed for the miners of Bitcoin. The company wants to first tackle the chinese market, before expanding the distribution to Asia, and especially in Japan or South Korea.

However, to this day, it is not a question for Samsung to turn to the international for the sale of these chips. In fact, the giant of the electronic lack of visibility for this new activity. The spokesperson of the company said : “Samsung operates a foundry which provides equipment and chips ASICs to a chinese company in mining of crypto-currencies. To the extent that Samsung launches in the sector of mining of digital currencies, [the company] still does not know precisely the revenue it could get. “

The impact of this activity remains uncertain

Samsung believes that, for the moment, it is still unclear whether this activity will have an impact on its sales.

However, the company does not intend to stop in so good way. Indeed, Samsung hopes to conceive within a few months of the graphics cards GPU that are used for mining digital currencies other than Bitcoin. The arrival of Samsung in the field of crypto-currency does not please everyone. Bitmain, in particular, has anything to worry about since it is currently in a situation of quasi-monopoly on this sector.

Samsung (Yes Samsung) has entered the production phase of ASIC miners and mining equipment specialized for bitcoin and cryptocurrency mining. This is unprecedented. I believe this would provide Bitmain first-of-its real competitor.https://t. co/66fwxozEVP

— Joseph Young (@iamjosephyoung) January 30, 2018

Similarly, large companies mining of Bitcoin are concerned, because they will probably face an increase in the difficulty of mining on the network. On the other hand, this is good news for the Bitcoin network which will have a greater power of decentralization.

Anyway, the entry of Samsung in the sector of the crypto-currency is a reality.

Source : News BTC