Anyone has any speculations on the Chinese firm that Samsung is teaming up?
1) Bitmain
2) Lightning Asic
3) Halong miner
4) ebang
We know about Baikal - Maybe this is a misdirection and it was about Russian and not Chinese firm.
Samsung signs a chip deal with Russian Bitcoin mining company Baikal
http://www.idownloadblog.com/2017/12/22/samsung-baikal-bitcoin/
Topic: Samsung to Manufacture BTC Mining ASIC (Read 288 times)
Wow this is huge. Could we finally say that cryptocurrency is mainstream now? If they really deliver the new ASIC and GPU they will surely become the world's #1 electronic manufacturer. They recently surpass Intel on chip making. They also produce top quality screen, which their own direct competitor, Apple, use. Smartphone, home appliances, etc. Wow, they're really stepping up their game.
So will bitcoin accelerate output?
That could mean a big increase in the difficulty of mining bitcoin in a short period of time, increasing the cost of each miner, meaning that the price of bitcoins will also rise.
That could mean a big increase in the difficulty of mining bitcoin in a short period of time, increasing the cost of each miner, meaning that the price of bitcoins will also rise.
first, I recognize that samsung is a world-giant company capable of transforming the world of technology. many people are seeing that samsung products have excellent technology.
and today samsung creates an ASIC chip that supports crypto mining world. this is amazing.
I think will many people will be interested to buy it and use it for mining, and the good impact is the cheap electricity payment, because the power is small.
and today samsung creates an ASIC chip that supports crypto mining world. this is amazing.
I think will many people will be interested to buy it and use it for mining, and the good impact is the cheap electricity payment, because the power is small.
Earlier this month the Korean government announced that they might be banning cryptocurrencies or impose strict regulations on them. At the end of January one of the biggest Korean based companies is announcing that they will produce Asics for cryptocurrencies.
I am confused.
I am confused.
two things:
1. it was pure 100% good old FUD!
Korea Minister of Finance even announced recently that they have no intention of banning cryptocurrencies!
2. they can always put manufacturing in another country. they don't have to do it within Korea!
Earlier this month the Korean government announced that they might be banning cryptocurrencies or impose strict regulations on them. At the end of January one of the biggest Korean based companies is announcing that they will produce Asics for cryptocurrencies.
I am confused.
I am confused.
Nothing is confusution, this all are the way of fluctuating the price of bitcoin in market trading, they wanted to dump the bitcoin price so that news came and now with this news they wanted to pump the price of bitcoin. This are all the games of big whales to manipulate the bitcoin price.
Another great news! Things just keep getting better and better for bitcoins. Competition among mining hardware manufacturers would result in lower prices.
Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.
News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
It all depends on how cheap Samsung is able to make the chipsets for the ASICs, there's nothing that is saying that other companies like Bitmain and the others aren't already incredibly cheap. But with a big enough market, and if there are going to be a bunch of large organizations all trying to vie for the ASICs being produced then there is an incredibly good chance that the other manufacturers will just get cheaper to maintain their current market share. I don't know enough about what they're doing yet.News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
Yes it's very clever, it's in many ways the safest way Samsung can get exposure to the rise of crypto while leveraging their expertise in hardware. I believe as they learn how this works they will expand in other ways.
Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.
News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
It all depends on how cheap Samsung is able to make the chipsets for the ASICs, there's nothing that is saying that other companies like Bitmain and the others aren't already incredibly cheap. But with a big enough market, and if there are going to be a bunch of large organizations all trying to vie for the ASICs being produced then there is an incredibly good chance that the other manufacturers will just get cheaper to maintain their current market share. I don't know enough about what they're doing yet. News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
Earlier this month the Korean government announced that they might be banning cryptocurrencies or impose strict regulations on them. At the end of January one of the biggest Korean based companies is announcing that they will produce Asics for cryptocurrencies.
I am confused.
I am confused.
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
What impact will this have?
price of anything is based on supply and demand more than anything else.
so far the companies producing ASICs have not been so competitive, it is mainly Bitmain out there!!! so the more competition in different countries such as Japan, Russia, Canada,... will create a more competing market which not only reduces the price of it but also improves them a lot.
it can also contribute to decentralization of mining.
Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.
News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
This is good news, I' will look foward this and see if they bring some of this excelent product to my country, shipping charges for miners nowadays are huge for me.
Quote
It’s not clear exactly what sort of products Samsung will be making, but according to reports from Korean media, it’ll be working with Taiwanese firm TSMC. The company currently supplies chips for a number of firms set up solely to mine cryptocurrencies, including the China-based Bitmain. Meeting the demand for these chips has added around $350 million to $400 million to its quarterly revenue, says TSMC.
Source: https://www.theverge.com/2018/1/31/16954366/bitcoin-cryptocurrency-mining-asic-chips-samsung
It is a bit of speculation at the moment as no one knows for certain. It is best to load up on BTC and BCC to get ready for the next batch of new miners in the coming months. Maybe weeks?
I got hyped out at this, turn out we aren't going to be seeing a clash of Bitmain vs Samsung anytime soon. I think if I understood the news correctly, that Samsung isn't going to be competing as a mining brand.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
Yeah that's also what I got out of the article, seems like they're only going to manufacture chips for existing mining hardware makers.
But Samsung is actually making the asic chips, just not under their own brand so to say.
It'll still be good for miner, I think, if Samsung starts mass production of these chips, prices could very well drop?
I don't think Samsung would just accept that they were just the manufacturer and not putting their name to that product. Besides, Samsung is a big company and i'm sure there must be something that's why they would do it but it has really no impact if they don't sell it all over the world. Bitmain will be bothered if Samsung sell it globally and the impact is great that could make the mining hardware price to get low. If this article is real.
I got hyped out at this, turn out we aren't going to be seeing a clash of Bitmain vs Samsung anytime soon. I think if I understood the news correctly, that Samsung isn't going to be competing as a mining brand.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
Yeah that's also what I got out of the article, seems like they're only going to manufacture chips for existing mining hardware makers.
But Samsung is actually making the asic chips, just not under their own brand so to say.
It'll still be good for miner, I think, if Samsung starts mass production of these chips, prices could very well drop?
I don't think Samsung would just accept that they were just the manufacturer and not putting their name to that product. Besides, Samsung is a big company and i'm sure there must be something that's why they would do it but it has really no impact if they don't sell it all over the world. Bitmain will be bothered if Samsung sell it globally and the impact is great that could make the mining hardware price to get low. If this article is real.
Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.
News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/
Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
It will not have any significant impact to the current price of bitcoin mining gear. It says that Samsung will just manufacture it for a Chinese client (I'm assuming its Bitmain). On the contrary, the price will be more expensive because its already outsourced outside of China.
Let's see how GMO reacts though. I understand that they are building their own mining hardware to compete with Bitmain but it will probably take a year to mass produce it. Unfortunately, we are still at the mercy of Jihan and his company.
Well, it's good to see that the biggest conglomerate in South Korean has taken an interest in Bitcoin, but from the article:
" It has earlier signed a contract with a Chinese bitcoin mining hardware maker to supply it with chips".
I'm all goof for more competition and decentralised mining, but if Samsung is just helping the mining cartel (Jihan & Co.), then I don't think this will have that much of an impact unfortunately, unless the chinese company decides to sell the chips to the public.
" It has earlier signed a contract with a Chinese bitcoin mining hardware maker to supply it with chips".
I'm all goof for more competition and decentralised mining, but if Samsung is just helping the mining cartel (Jihan & Co.), then I don't think this will have that much of an impact unfortunately, unless the chinese company decides to sell the chips to the public.
I got hyped out at this, turn out we aren't going to be seeing a clash of Bitmain vs Samsung anytime soon. I think if I understood the news correctly, that Samsung isn't going to be competing as a mining brand.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
Yeah that's also what I got out of the article, seems like they're only going to manufacture chips for existing mining hardware makers.
But Samsung is actually making the asic chips, just not under their own brand so to say.
It'll still be good for miner, I think, if Samsung starts mass production of these chips, prices could very well drop?
I got hyped out at this, turn out we aren't going to be seeing a clash of Bitmain vs Samsung anytime soon. I think if I understood the news correctly, that Samsung isn't going to be competing as a mining brand.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
There are lot of clickbait articles out there that were misleading people making them thinking Samsung will not be manufacturing their own ASICS but it's something else.
Bitcoin equipment for mining would just be cheaper than tha useual price. We don't want Bitmain to take over the mining business here. They have alot of negative feed backs with their services and products. It's time for someome to step on the game and change the way it is rather than sticking to one companey that has alot of power in mining.
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