It seems that Samsung is developing an ASIC chip for mining, and they are talking to Apple with a view to producing a low cost mining rig. If this happens, what effect do you think it will have on the crypto markets?
The way I understand it, Samsung is developing ASIC chip not for them, but for a Chinese company which is unnamed(I will assumed that its Bitmain). So they are not really building mining hardware itself and I don't think that they will join the bandwagon. I haven't heard about the Apple talks though. On the contrary, I don't think though that there might be a impact on the current price, on the contrary it will be more expensive because Bitmain will have to pay its supplier Samsung a few dollars so that's another overhead cost. I think Japan's GMO though not only producing in own chips but manufacturing its mining hardware gear. That would be a game changer. Let's see how it goes but they haven't release any statement yet. And at least Bitmain will have a competition by then.
