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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