Topic: Samsung has now entered the cryptocurrency world - page 30. (Read 4675 times)

I hope my country India also fully accepts bitcoin and may there be a lot of mining farms in india too. 

Will they accept Bitcoin when we buy a samsung galaxy note 8  . Anyway, it will make bitcoin more popular and trust. Hope they will make a good software.

It might be the only beginning. We all might be surprised this big corporations are planing to do with cryptocurrencies. It is the only matter who is going to start first others will follow.

for me, this isn't a good news cause
Samsung won’t be selling chips to the public that
are capable of mining cryptocurrencies.
We cant get surprised neither get excited cause Samsung is just
doing their job they are just dealing with Big Company.
Though, I am 100% sure that huge companies like Samsung are
looking for new opportunities using blockchain technology and cryptocurrencies.

I don't know if it's bad or good. But I guess, Samsung company seeing a opportunity for them to make or gain profit. And for bitcoin, it's kinda promotion. I'm hoping that the bitcoin fees will get lower and the bitcoin will get a higher value and it's great, isn't it? I'm hoping that the bitcoin be little faster than before.

i don't know how true this information is but if this is true then it is a great improvement for us all bitcoin users and investors. this means better days for cryptocurrency

this is a good sign that crypto is getting some recognition in the big brands that produces mostly our smart phone, imagine if samsung puts bitcoin wallet and payment apps in the phone people will be curious and will explore that app and they will discover bitcoin due to trust in samsung.

If you think that Samsung is just a mobile manufacturing company, you are wrong, you really cannot create a ASIC chip that could contain in a mobile phone, it is not possible and even if they come out with an outstanding new miner it wont affect the price of bitcoin, if there are more miners then the difficulty will also increase.

It might be a big brand but there are local companies that provide much better mobile phones at a much cheaper rate than the branded ones.
It is good that they are entering the mining industry and hopefully they will come up with a competing mining hardware this year, i think Nvidia and AMD is already in works to come up with mining specific graphic cards, over all promising news for miners.

Well, another good news for bitcoin industry! People can now mine bitcoin throught their samsung chips but i really think it is not advisable since it could lower the value of bitcoin and it is gonna be expensive chip. It could lead into a mining with cellphone. Where everyone can manage to have bitcoin by their cellphones. Which is bad since it could decrease the manpower job in ones country.

Everyone wants their business to expand and so does Samsung, emerging nearly into every possible field from mobile to washing machines they always help technology to grow more and hence they are doing it one more time. These chips will definitely help making things process faster, there by helping the community. BUt the main question will come if they really do or these are just fake promises.

samsung is the best smartphone brand in the world, if samsung join cryptocurrency will be very good because there will be a lot of positive response about bitcoin and bitcoin users will increase

Waow its a great im being very happy when big large business companies join in bitcoin its  really good for us.

I see it positive since other companies may soon join this league. To note: Now only Batmain is supplying ASIC chip mining rigs. all are aware of price shocks with this machine purchase.

With Samsung launching their miners, i hope to see a price competition.

Samsung is one of the largest if not the largest company in the world. They do more than tech, and have their hands in every industry you can think of (insurance, finance, advertising, etc. etc.). Selling miners is likely just the very tip of the iceberg in terms of their embrace of crypto.

good news
chances are samsung will make a new breakthrough to improve their marketing, maybe they see high crypto enthusiasts
maybe the samsung already exist square to make their latest product in which there is element cryptocurency

wow, even samsung companies also want to follow the trend of cryptocurrency, this is a very good news for the world of crypto, hopefully what can be done samsung provokes other large electronics companies that can join in the world of crypto

with the good news like this it will make bitcoin increasingly popular and trusted in the eyes of the world. Because Samsung is a well-known technology company in the world it will simplify bitcoin to be a trust in transactions and used in any activity in order to facilitate someone.

Samsung is big deal with a big "gun"  
The interest of such players will positively develop on the distribution of bitcoins in the world. and will create good competition in the mining industry.

Crypto-currencies, including bitcoins, are mined with the help of mining. Its essence lies in the fact that the computer, using a special program (miner), conducts complex mathematical calculations, receiving a reward in the form of new digital coins (tokens), which are called crypto currency. Any processor can be used for mining, but specially-tuned platforms like ASIC are more preferable among serious miners who are interested in the speed of production of tokens. These platforms are specifically designed for a single purpose - mining. This is their difference from multifunctional and multitasking processors, which are used in conventional computers and smartphones.

It should be noted that Samsung already produces voluminous memory chips for graphics processors of video cards, which are used not only to display graphics on the computer, but also for the crypto currency.

According to the Korean edition of Bell, Samsung last year completed the development of its ASIC chip for bitcoin mining, and earlier, this month, they have already launched them into mass production.

The Taiwan Semiconductor Manufacture (TSMC) is another giant in the ASIC chip industry. TSMC has established relations with the largest miners' organizations to which they supply these chips. Among them are, for example, the Chinese company Bitmain and Canaan Creative. According to reports from trusted sources, it was these chips that generated $ 350 million to $ 400 million in profits last year.

High and stable demand for chips for mining is a direct consequence of the take-off of bitcoin and other crypto-currencies. In just one year, the price of bitcoin grew from $ 800 to $ 20,000. According to the global market capitalization, bitcoin today continues to trade at around $ 10,000.