Samsung Joins The Crypto Processing Chip Business.

ASIC
ASIC

Samsung is a big dog entering the cryptocurrency space.

The biggest Cryptocurrency Chip manufacturer has been Bitmain  with their AntMiner provided by a Taiwanese manufacturer (TSMC) . AntMiner is a processing Chip based on  Application-Specific Integrated Circuits (ASIC) Technology.

Why ASIC

Mining is a process where new cryptocoins are produce through solving mathematical computation and algorithm, the miner is the rewarded with a digital currency or coin. This means a computer with a good processing or GPU could mine just fine.  In the early days of mining GPU was effective,  but the mathematical problems become more difficult.  Fast forward  to a few years later,  then can the birth of ASIC, ASIC is custom design for one purpose,  to mine cryptocurrency.

You May Also Read: Hushme Mask Lets Users Make Private Calls

ASIC was very effective at solving the SHA256 algorithm used to confirm transactions on the Bitcoin blockchain, outperform traditional GPUs. This meant ordinary Joe’s mining bitcoin in his basement was out of the mining race in a big way.

This ASIC processing chips,  gave Bitmain so much clout in the mining space,  their mining pool, that is Antpool and BTC.com control 29% of bitcoin global mining hash power.

But could their dominance in the market be threatened soon?  Time will tell.

Samsung Joins The Party

Samsung is a top dog in the processing chips business, albeit  for computers.  The South Korean company have as of last year out performed another giant  Intel Inc in the processing chip business. Hard to believe isn’t it?

And it forecast strong demand for its forthcoming Galaxy S9 smartphone, which is due to be revealed on 25 February.

Samsung Electronic’s fourth quarter net profit totalled 12.3tn won ($11.5bn; £8.1bn), which was roughly in line with analysts’ expectations.

In recent months, a shortage of high-end GPU cards has pushed up their prices, making the rival Asic technology even more appealing.

Samsung has completed development of its own Bitcoin-related Asic chip last year and began mass production earlier this month.

One expert said Samsung’s move represented a bet that Bitcoin’s rise in value does not represent a bubble that is about to burst.

ALSO READ : Apple In more Trouble

With Samsung journey into the Cryptocurrency, should we expect other big companies to join in?  Is bitcoin going to get main stream?  I believe this is a question on the minds of other crypto enthusiasts.

43 thoughts on “Samsung Joins The Crypto Processing Chip Business.”

  1. Thank you so much for giving everyone such a memorable opportunity to read in detail from this web site. It can be very fantastic plus full of a good time for me personally and my office peers to search the blog at the very least thrice in one week to read through the newest tips you will have. And of course, I’m just at all times amazed with the superb tips and hints served by you. Certain two facts in this post are without a doubt the finest I’ve had.

  2. I want to show my admiration for your generosity in support of visitors who need help on your area of interest. Your very own commitment to getting the message across appears to be surprisingly important and have in most cases enabled employees much like me to get to their ambitions. Your new informative guideline means a great deal a person like me and somewhat more to my office workers. Thanks a lot; from all of us.

  3. My spouse and i were really contented when Raymond could deal with his basic research using the ideas he acquired through your blog. It’s not at all simplistic just to be releasing guidelines that most people might have been making money from. We really remember we need the blog owner to appreciate for this. The entire illustrations you have made, the straightforward web site menu, the friendships your site aid to instill – it’s mostly exceptional, and it’s letting our son in addition to us recognize that that concept is cool, which is certainly really vital. Thanks for everything!

  4. I not to mention my buddies have already been analyzing the great advice on the website and so suddenly developed a terrible suspicion I never expressed respect to the blog owner for those techniques. Those guys had been totally very interested to read all of them and have in effect surely been having fun with them. Thank you for genuinely indeed kind and also for making a decision on these kinds of ideal useful guides most people are really eager to learn about. My honest apologies for not saying thanks to sooner.

  5. I and my pals ended up looking through the great techniques from the blog then at once came up with a terrible feeling I had not thanked you for those secrets. My young men were consequently passionate to read through them and have now seriously been loving these things. We appreciate you actually being considerably helpful and also for picking out variety of quality ideas most people are really eager to know about. Our own sincere regret for not expressing gratitude to sooner.

  6. I truly wanted to compose a quick message to thank you for some of the unique tips you are placing at this site. My incredibly long internet lookup has at the end of the day been rewarded with good quality facts and techniques to talk about with my family and friends. I ‘d declare that most of us readers actually are definitely lucky to exist in a fine community with so many outstanding professionals with valuable suggestions. I feel rather lucky to have seen your web pages and look forward to really more cool moments reading here. Thanks a lot once more for everything.

  7. My spouse and i were absolutely more than happy when Peter could round up his investigations using the ideas he made from your web pages. It is now and again perplexing to just find yourself freely giving tips and tricks which often many people could have been making money from. So we discover we’ve got the writer to give thanks to for this. The entire illustrations you’ve made, the straightforward blog menu, the friendships you will help instill – it is most fabulous, and it’s facilitating our son and our family reckon that this subject matter is cool, which is certainly unbelievably mandatory. Thanks for the whole thing!

  8. I would like to convey my respect for your kindness for those people that need help with that concern. Your real commitment to getting the solution across came to be remarkably advantageous and have constantly allowed men and women like me to realize their endeavors. Your new important guide means so much to me and somewhat more to my office colleagues. Thanks a lot; from everyone of us.

  9. After research just a few of the weblog posts on your web site now, and I actually like your means of blogging. I bookmarked it to my bookmark website list and can be checking back soon. Pls take a look at my website as effectively and let me know what you think.

  10. I simply desired to thank you very much yet again. I am not sure the things that I would’ve used in the absence of the actual strategies revealed by you relating to that concern. It has been a real distressing dilemma in my view, however , taking note of the specialised technique you dealt with that made me to jump for delight. Now i am happy for this advice and then hope that you really know what an amazing job you are getting into instructing other individuals through your web page. Most probably you’ve never got to know all of us.

  11. Thank you for every one of your work on this web page. My mum delights in getting into research and it is easy to see why. My spouse and i hear all regarding the powerful manner you provide practical secrets by means of this web blog and therefore increase participation from website visitors about this subject while our favorite girl has been studying a lot. Take pleasure in the rest of the new year. You’re the one carrying out a stunning job.

  12. I precisely wanted to appreciate you once again. I’m not certain the things that I would’ve done in the absence of the actual aspects shared by you concerning such subject. Certainly was a very alarming issue for me, nevertheless coming across your professional strategy you processed it forced me to leap for fulfillment. I’m happy for your advice and expect you know what a great job that you’re getting into training the mediocre ones by way of your webblog. I am certain you’ve never got to know all of us.

  13. Thanks for all your valuable efforts on this site. Kate takes pleasure in engaging in investigation and it is obvious why. A number of us learn all relating to the dynamic tactic you deliver important techniques through your web blog and in addition foster response from people on this matter so our favorite child is understanding a whole lot. Have fun with the remaining portion of the year. You are always performing a good job.

  14. I must express my appreciation to the writer just for bailing me out of such a issue. After browsing through the online world and obtaining solutions that were not helpful, I thought my entire life was done. Existing minus the solutions to the difficulties you have sorted out all through this article content is a serious case, and the kind that might have in a wrong way damaged my entire career if I hadn’t come across your web page. Your own personal skills and kindness in dealing with all the pieces was excellent. I’m not sure what I would’ve done if I had not discovered such a solution like this. I can at this time look ahead to my future. Thanks very much for the specialized and results-oriented help. I won’t be reluctant to propose the website to any individual who should get direction on this subject matter.

  15. I want to express appreciation to this writer for bailing me out of this matter. Right after browsing through the internet and meeting solutions which were not pleasant, I thought my entire life was gone. Being alive without the strategies to the difficulties you have sorted out as a result of your entire report is a critical case, as well as the ones that might have in a negative way affected my entire career if I had not discovered your web blog. Your skills and kindness in maneuvering the whole lot was useful. I am not sure what I would have done if I hadn’t discovered such a point like this. I’m able to now look ahead to my future. Thanks for your time very much for your skilled and sensible help. I will not be reluctant to propose your web sites to anyone who wants and needs guidelines about this matter.

  16. I wanted to write down a simple note to thank you for all of the precious information you are giving on this site. My incredibly long internet investigation has now been paid with sensible content to talk about with my company. I ‘d assume that we readers are really lucky to dwell in a superb community with very many brilliant people with useful suggestions. I feel truly fortunate to have seen your site and look forward to some more entertaining minutes reading here. Thank you once more for a lot of things.

  17. I have to point out my gratitude for your kindness supporting visitors who really want help with in this topic. Your very own dedication to passing the message all over ended up being really practical and have in every case encouraged people like me to reach their desired goals. The insightful tips and hints can mean this much to me and even more to my office workers. Best wishes; from all of us.

  18. I would like to point out my love for your kindness for individuals who require assistance with in this area. Your real commitment to getting the message all through came to be surprisingly good and has without exception helped most people like me to achieve their pursuits. Your entire informative guideline entails a great deal a person like me and even more to my office workers. Thanks a ton; from all of us.

  19. I must express my love for your kind-heartedness in support of individuals that absolutely need assistance with this important field. Your real commitment to getting the solution all-around ended up being quite interesting and has truly enabled employees like me to attain their goals. This helpful useful information implies much a person like me and much more to my mates. Warm regards; from everyone of us.

  20. Thanks so much for giving everyone an exceptionally wonderful opportunity to read in detail from this blog. It is always so fantastic and packed with fun for me personally and my office fellow workers to visit your website at the very least three times in one week to read through the latest stuff you will have. Of course, we’re at all times amazed concerning the astounding solutions you give. Selected 2 ideas in this article are particularly the very best we have all had.

  21. This is the fitting weblog for anybody who needs to search out out about this topic. You understand so much its virtually hard to argue with you (not that I actually would need匟aHa). You definitely put a brand new spin on a subject thats been written about for years. Nice stuff, simply great!

  22. My husband and i were really glad Edward could conclude his homework through the ideas he had out of the site. It’s not at all simplistic to simply happen to be giving freely secrets and techniques others may have been making money from. And now we understand we now have the blog owner to appreciate for that. The specific illustrations you’ve made, the straightforward website menu, the friendships you make it easier to instill – it’s got most remarkable, and it’s helping our son and us believe that that subject matter is thrilling, which is seriously serious. Thanks for the whole lot!

  23. I actually wanted to construct a brief comment in order to express gratitude to you for some of the superb recommendations you are posting on this site. My extensive internet search has at the end of the day been honored with awesome concept to write about with my companions. I would admit that we website visitors are very blessed to dwell in a good site with very many lovely individuals with insightful tips and hints. I feel very much blessed to have come across your entire web site and look forward to really more excellent moments reading here. Thank you once more for a lot of things.

  24. I wish to express my respect for your kindness in support of those individuals that must have guidance on that subject. Your personal commitment to getting the solution across had been pretty valuable and have permitted employees like me to get to their ambitions. Your personal helpful advice implies so much a person like me and further more to my office workers. With thanks; from everyone of us.

  25. I as well as my friends appeared to be looking at the best advice found on your web page then immediately got a horrible suspicion I had not expressed respect to the website owner for them. My men happened to be for that reason glad to see them and now have seriously been making the most of those things. Appreciate your truly being really thoughtful as well as for making a decision on these kinds of good topics most people are really eager to be informed on. Our own sincere regret for not saying thanks to sooner.

  26. Can I simply say what a reduction to seek out someone who actually is aware of what theyre talking about on the internet. You undoubtedly know methods to deliver a difficulty to light and make it important. More folks need to learn this and understand this facet of the story. I cant believe youre not more standard since you definitely have the gift.

  27. My wife and i ended up being quite satisfied when Jordan managed to round up his inquiry through your precious recommendations he was given out of your web site. It is now and again perplexing to simply always be making a gift of tips and hints that the rest may have been trying to sell. And we also know we have got the blog owner to thank because of that. Most of the explanations you made, the simple site menu, the relationships you can make it easier to foster – it’s all superb, and it’s letting our son and our family believe that the theme is interesting, which is seriously indispensable. Many thanks for everything!

  28. I would like to express my affection for your kindness supporting all those that really need help with this important content. Your very own dedication to passing the solution throughout appears to be particularly effective and have really encouraged ladies just like me to arrive at their goals. Your amazing helpful tips and hints can mean a whole lot a person like me and substantially more to my colleagues. Best wishes; from everyone of us.

  29. Thanks so much for providing individuals with such a splendid chance to check tips from here. It’s usually so brilliant and as well , stuffed with fun for me and my office fellow workers to search your blog nearly 3 times a week to see the fresh issues you have. Of course, we are certainly fulfilled with all the awesome tips and hints you serve. Certain 2 points in this article are really the most suitable we have all had.

  30. I simply wished to thank you very much all over again. I do not know the things that I would have made to happen without the advice revealed by you directly on such a subject. Certainly was a hard condition in my circumstances, but witnessing the very professional manner you solved that took me to weep for joy. I’m happy for your advice and then have high hopes you know what a great job your are accomplishing training many others with the aid of your web site. I know that you’ve never got to know any of us.

  31. Thank you so much for giving everyone remarkably breathtaking possiblity to read articles and blog posts from this blog. It is often very brilliant and also jam-packed with a lot of fun for me personally and my office mates to visit the blog really thrice every week to read through the fresh guides you will have. Of course, I’m also actually fascinated concerning the excellent thoughts served by you. Some 3 areas in this post are completely the most suitable I have ever had.

  32. I am just commenting to make you be aware of of the terrific experience my child went through browsing your blog. She came to understand plenty of pieces, which included what it’s like to possess a great teaching heart to have many people quite simply comprehend specified complicated subject areas. You actually exceeded our expected results. Thank you for supplying these useful, safe, revealing as well as easy guidance on your topic to Jane.

  33. I wish to express my thanks to this writer for rescuing me from such a crisis. Because of researching through the world-wide-web and seeing concepts which are not productive, I was thinking my life was done. Being alive without the presence of approaches to the problems you have fixed as a result of your guideline is a critical case, and the ones which might have negatively damaged my career if I hadn’t noticed your blog post. That competence and kindness in taking care of the whole lot was precious. I am not sure what I would have done if I hadn’t encountered such a solution like this. I’m able to at this point look forward to my future. Thanks for your time very much for your specialized and effective guide. I won’t think twice to refer the website to anyone who needs and wants care on this subject matter.

  34. I needed to draft you that tiny word just to say thank you the moment again relating to the superb concepts you’ve documented on this website. It is certainly incredibly generous with people like you giving extensively what exactly some people might have distributed for an electronic book to help make some dough on their own, primarily considering that you could possibly have tried it if you ever wanted. These tricks also acted to be a great way to realize that other people online have the same passion like my very own to learn a lot more when it comes to this condition. I believe there are millions of more pleasant sessions in the future for people who read through your site.

  35. Needed to post you this very small word to help give many thanks the moment again for your incredible tactics you’ve documented here. It is really incredibly open-handed of people like you to grant without restraint what exactly most people would’ve sold as an e book in order to make some money for themselves, and in particular considering that you could have tried it if you decided. These suggestions also worked to be a good way to comprehend other people have the same dreams just as mine to realize very much more concerning this condition. Certainly there are many more fun sessions in the future for people who discover your blog.

  36. I precisely wanted to say thanks yet again. I do not know the things that I would’ve undertaken without the hints documented by you concerning my subject matter. It actually was a real terrifying concern in my position, however , being able to see a new specialized fashion you processed that forced me to cry for gladness. Now i am thankful for the help and even pray you recognize what a powerful job you have been doing training other individuals with the aid of your website. I am certain you have never come across any of us.

  37. I enjoy you because of your whole labor on this site. My mother delights in getting into research and it is easy to see why. My spouse and i notice all about the powerful means you make efficient suggestions on your web blog and as well as improve response from others about this subject matter so my princess is without a doubt learning a lot of things. Take pleasure in the rest of the new year. You are always doing a glorious job.

  38. Thanks a lot for giving everyone an extraordinarily superb possiblity to discover important secrets from this blog. It can be very nice and as well , full of fun for me and my office mates to visit your blog at minimum 3 times per week to learn the fresh tips you have. And of course, we are always astounded with your effective pointers you give. Some 2 areas in this post are undoubtedly the most efficient we have all ever had.

  39. I must get across my respect for your kindness giving support to men and women that actually need help with in this question. Your personal commitment to getting the solution all-around turned out to be exceptionally beneficial and have surely permitted individuals like me to get to their objectives. Your own helpful advice implies so much a person like me and far more to my colleagues. With thanks; from each one of us.

Leave a Reply

Your email address will not be published. Required fields are marked *