Samsung planning to create his its own mining equipment/software

[wilbur]

Prolly most of us know that samsung is one of the leading producers of android phones, tablets and such and now they are planning to make mining equipment and software

will it affect bitcoin? what do you think?
More info : https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/

[Kate]

Samsung already did a mining rig with s7 edges and 90 of them 

[wilbur]

that is a smartphone right? hmmm can i see where did you read it, it may be difficult to mine with phone

[Kate]

1 minute ago, wilbur said:

that is a smartphone right? hmmm can i see where did you read it, it may be difficult to mine with phone

I got the news from my friend xD. But will try to see where it would be 

[wilbur]

Just now, Kate said:

I got the news from my friend xD. But will try to see where it would be 

thankie much appreciated  so that i can edit my post that they made already a software for mining

[Kate]

17 minutes ago, wilbur said:

thankie much appreciated  so that i can edit my post that they made already a software for mining

No no they didnt make a software I sad that they mined with galaxy s7 edges but not sure about the software maybe they mined through another app or pool

[wilbur]

ohhh they mined with android phone? lol the phone must be toasted from overheating

[Kate]

4 minutes ago, wilbur said:

ohhh they mined with android phone? lol the phone must be toasted from overheating

Lol no they did it in a cool room with 50 phones

[Owl182]

I'd have to say (in my opinion) smartphone technology just isn't fast enough to use for mining without linking multiple processors to get the hash speed high enough to be viable then you also need to account for the ambient temperature and operating temperature under load or your just going to find they are not stable or burn out... so i think if Samsung is going to go for this you'll probably see something vastly different to what you may expect...

[Kate]

11 minutes ago, Owl182 said:

I'd have to say (in my opinion) smartphone technology just isn't fast enough to use for mining without linking multiple processors to get the hash speed high enough to be viable then you also need to account for the ambient temperature and operating temperature under load or your just going to find they are not stable or burn out... so i think if Samsung is going to go for this you'll probably see something vastly different to what you may expect...

Well if you are talking about 1 single phone mining then yeah but I'd 50 phones then you are wrong. A phone can get 20 Hashrate per in the lowest power consumption option second if there were 20 phones then 20x20 = 400 Hashrate and that's more than my computer can even get. 

[Owl182]

Sure, i dont disagree with you but when there are proper miners that run at 24TH/s why bother with the hassle of setting up mobile devices to do so ?

[wilbur]

my face has a questionmark when i read about mining using smartphones lol i think they will do something different

[Kate]

25 minutes ago, Owl182 said:

Sure, i dont disagree with you but when there are proper miners that run at 24TH/s why bother with the hassle of setting up mobile devices to do so ?

If we can buy phones at a cheaper rate then that would be good. But those 24TH/s miners are running real equipments which costs above 2000 dollars and I am 99% sure not even all of them made back what they invested.