Topic: Samsung has now entered the cryptocurrency world - page 33. (Read 4675 times)
Seems to samsung is only provide mill for bitcoin players, because as the bitcoin prices continue to rise, then dig the bitcoin has become a highly profitable, so efficient machines may have a good market.
I think it will be a good news for us who already have bitcoins but I am wondering what will be the effect of it to the Bitcoin market? Now that the value of cryptocurrencies are going down what they need is to be in demand.
As we know Samsung is one of the biggest and famous phones, smartphones, tablets producers in the whole world and now they are planning to make there own mining software. Is this a good news for us bitcoin users?
Its a very good news to us it means that they are supporting cryptocurrency and others who are skeptic about this thing will trust the move of Samsung. It can raise awareness about crypto's and for those who thinks that its only a joke, digital assets are not real then they will consider this a game changer. I mean what are they aiming for?
If it will base on the article, they want to be a supplier.
Samsung, one among the finest company getting into the manufacturing of mining equipment makes the users happy as well the information coming at this time really a boosting to the cryptocurrency users. Because, bitcoin has been facing big issues and currently it has gone low to $10000 which none could expected to take place.
I'd say it's really good in theory. Regular people usually don't know the first thing about mining, and having a reputable company like Samsung supply to companies that sell optimized pre-built miners puts mining within the reach of the mainstream. Interest in mining equipment seems to be heating up, so this is a good business move by Samsung. I hope it sparks interest in Bitcoin again, at least.
It has nothing to do with smartphones. They're selling chips to mining equipment providers.
I think, is it worthy mining with smartphone? but this is a considerable improvement, because the smartphone industry is looking for cryptocurrency
It has nothing to do with smartphones. They're selling chips to mining equipment providers.
I think, is it worthy mining with smartphone? but this is a considerable improvement, because the smartphone industry is looking for cryptocurrency
According to what I read, Samsung only offering this chip to their partner bitcoin mining in China. But I guess this will be that start, On my opinion, if this keeps up as mention above, many competition means cheaper in price. So I think the price of Bitcoin Fees will keep on Dropping and hopefully a little bit faster than before.
This also shows that the South Korean government began to recognize cryptocurrencies as the top companies in their countries officially entered cryptocurrencies.
I’d say it’s good news for us, the more companies that are competing to provide software/hardware the cheaper the prices will get from the competition. The other benefit is that once these large corporations start to benefit from the crypto industry, either directly through investment or indirectly through selling hardware/software, they will start to use their lobbying force to push back government attempts to hurt the crypto community. Once they start realizing how much their bottom line is affected by people buying their products to mine, they will become more protective and use their political influence to curtail anti-crypto legislation.
For more info just read visit the link: https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/
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