Samsung joins cryptocurrency bandwagon

[marcopolo]

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.

More details : Samsung joins cryptocurrency bandwagon

[oliver1007]

this is news that really surprised me. then how after that?

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[Eshkere]

Very interesting news. Samsung have obviously seen that there is high demand and high potential in crypto mining for which is planning to supply chips. I find it as a very good business move, as they are not entering into crypto market but provide hardware for that market instead

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