The cryptocurrency market continues to be very popular currently. In fact, more and more companies are joining this trend. A few weeks ago it was Kodak who launched its own products related to this market. Now it's Samsung's turn. Since the Korean multinational also makes the leap to the cryptocurrency market.
About us has already started with the production of ASIC chips for mining Bitcoin and other cryptocurrencies. But, Samsung's plans go much further. So it seems that the company has seen a good reef in the cryptocurrency market and will start manufacturing specific hardware.
The company is already preparing to start mass production of these ASIC chips. These are chips that stand out for their efficiency in the face of cryptocurrency mining. In addition, they enjoy a huge popularity in the Asian market. So the company could get great benefits from this decision.
Apparently ASIC chips that Samsung is going to produce will be used by a Chinese manufacturer which is specialized in the creation of mining equipment. But, at the moment the name of this company is unknown. Although, it has been commented that the The agreement between the two closed at the end of last year.
Initially, these chips are going to focus on China market first. Although there are also plans for them to be sold later in South Korea and Japan. But that will happen in a second phase of expansion, which has no date at the moment.
Although it seems that Samsung's work has not been limited to making these chips. Since the company's plans also go through the manufacture of specific GPUs to facilitate cryptocurrency mining. So for those looking for powerful and profitable machines.
It is a less interesting decision by Samsung. Since the company joins a market whose interest continues to rise throughout these months. So we will have to see what else they have prepared. What do you think about it?