Samsung is a new entrant in Crypto Currency world

in #cryptocurrency • 6 years ago (edited)

Samsung is entering the business for producing chips for Crypto Currency mining.

Samsung confirmed to Korean news channel (The Bells) that it is manufacturing chips, called application-specific integrated circuits (ASICs). ASICS chips are designed to mine crypto currency.
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Asics chips were associated with TV industry until 2013. Asics chip is specifically designed to mine crypto currencies.
[What is mining? Mning refers to solving complex mathematical problems as a means to verify crypto-currency transactions]

There is a shortage of high end GPUs in the market and the high demand of those GPUs push their prices up.
With Samsung entry to Crypto market sends another positive signal to Crypto assets.
[source: http://www.bbc.com/news/technology-42892380]

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#bitcoin #crypto #news #blockchain
6 years ago in #cryptocurrency by
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