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Samsung Joins Cryptocurrency Bandwagon

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#1 fahdforex



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Posted 30 March 2018 - 06:46 AM

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.

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#2 Morningster



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Posted 29 June 2018 - 10:06 AM

I think this is a great news for cryptocurrency. Samsung is one of the biggest brands in the world. Their inclusion in the crypto world will give more recognition to digital currency becoming a mainstream curreny. What do you guys think?

#3 Constant Feith

Constant Feith

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Posted 03 July 2018 - 05:10 AM

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