Samsung Enters Cryptocurrency Mining Game

[Kargai]

Samsung recenlty begun to manufacture chips for ASICs, specialize cryptocurrency mining machines which brings major competition to Bitmain, the Chinese mining giant that dominates much of cryptocurrency mining at present.

It will help to dencetralize more the mining power.  At present, 42% of the network hashrate for Dash comes from Antpool. This can present a risk of a 51% attack, a situation where a single entity controls the majority of the network’s hashrate and can compromise its integrity.

" Samsung already produces high-capacity memory chips for GPUs, which are conventionally used to handle graphics on computers but are also deployed for mining purposes."

source : https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

[xtinepink]

Lol another huge company joins in to cryptos. Thanks for the info bear

[nhoyasim101]

Wow this is good news for crypto world and its lovers, thank you for this info @Kargai.

[dmbadillo10]

This is a huge, great news! ??

Nice decision making, Samsung!

[YuRed]

This suggests that the crypto currency is winning its positions in the world and they are getting stronger if such giants join such processes. After all, they will not go to an empty place, the demand was undoubtedly studied by the company and of course they are traded for a share of this market's profit, and of course their presence will make adjustments. Let's hope that for the world of crypto currency it will be useful

[akki785]

This is indeed a very good news. As a giant company, samsung decided to help the entire cryptocurrency world by manufacturing mining compatible chips for ASICs.

Thank you kargai for the news..

[ktfor57]

It is feel good factor to see big companies entering cryptocurrencies market that will boost the price again. Samsung is a big company and will have big positive impact. Thanks for the info @Kargai