Samsung is reportedly operating on chips for cryptocurrency mining

These days, samsung has showed that it has began the manufacturing asic chips that are used to mine bitcoin, ether and different cryptocurrencies.

Samsung is reportedly running on chips for cryptocurrency mining
The bell, korean news outlet, out broke the information for the primary time on tuesday. Even as on wednesday it's miles showed by samsung to techcrunch.

A employer spokesperson informed techcrunch:

“samsung’s foundry commercial enterprise is presently engaged in the production of cryptocurrency mining chips. However we are unable to reveal further information concerning our customers,”

But, samsung declined to provide extra information. The flow comes as a part of a collaboration with a chinese distribution companion. Aside from that, samsung also didn’t divulge that who it’s making the chips for, and to what stop.

For readers statistics, samsung isn't making cpus or gpus for bitcoin mining, it's far only making application-precise included circuit or asic chips.

It isn't certain exactly whether or not samsung is going to fit into the cryptocurrency chip manufacturing business, however it is setting itself in direct competition with a few massive players in chip manufacturing. Good good fortune samsung!