Samsung has affirmed it is currently fabricating specific digital money mining chips after reports to that impact surfaced for the current week.
South Korean news outlet The Bell initially uncovered the news on Jan. 30, expressing that Samsung was commencing fabricating in January, intending to give application-particular incorporated circuits (ASICs) to an anonymous Chinese mining firm.
The South Korean tech goliath, nonetheless, did not give any subtle elements on its clients or the chips, TechCrunch states.
All things considered, in its current final quarter and monetary year 2017 outcomes report yesterday, Samsung discussed the developing interest for cryptographic money mining, expressing that in 2018 it will give 8nm and 11nm processors to address showcase issues, and additionally begin a "hazard generation" of 7nm chips.
Samsung's turn into the cryptographic money mining space will without a doubt convey genuine rivalry to China-based Bitmain, which cases to hold more than 70 percent of the piece of the pie and utilizations ASICS from Taiwanese producer TSMC.
According to coindesk news.