Samsung has now entered the cryptocurrency world

[okissabam]

I just read about this topic the other day and I was actually excited and happy seeing smartphone companies jumping in with the cryptocurrencies as well. I'm pretty sure the rest will follow once implemented, and I can't wait until the Apple company also realizes and enters also the cryptocurrency world. It is actually one big step towards a great future for the technology and the digital currencies as well.

[SMD.Shuvo]

We all know that Samsung is one of the few companies of all other companies. Samson Fan's Man is much better than all other phones. Users can easily use this form. The demand for this phone is much more. However, it must be circulated for Bitcoin. This may also mean more competition and low prices in the mining software market at that time.

[qiman]

It is an excellent move to see more and more large mainstream corporations want to adapt to blockchain technology and find new ways in which to harness and use it and also profit from it. The more and more companies and individuals use this technology, the more positive word will come out from the Media, in which case will lead to more and more primary venture capitalists and smaller serious angel investors backing projects in which we will all benefit from now and in the distant future.

[lzby2000]

This suggests that big companies in South Korea have noticed the possibility of block chain technology, which are usually very sensitive in economic activity, and want to take the lead in the latest technology or possible technology, and hope that Samsung's entry into the encrypt money mining industry will drive more money into the encrypt industry.

[Marma Kalari]

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? I mean what are they aiming for?

What they are going to do with a software, actually i thought they were planning to come up with a new mining hardware and if they can challenge with a good mining hardware, it will be a great thing and it will challenge the monopoly of bitmain. Their aim is to make profit in the new market and given the amount of profit bitmain made last year expect more companies to jump start the new hardware war.

[KingScorpio]

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.

i hope they will be able to secure their labour supply with that currency.

[Catch-22]

The entry of one of the largest conglomerate in the world is a big vote of confidence for bitcoin/cryptocurrency.  All the other big companies are expected to follow the lead of Samsung unless they chose to be left behind.

[notyours]

If it is true it will definitely be a good thing to the crypto currency world. Because Samsung is popular and many people use their cellphone product. I'm sure it's one of those who can grow even more on the popularity of bitcoins. And this will be the bridge to better identify and use bitcoins in every human life

[dimastegar]

I hope that samsung can create quality and durable hardware mining. And samsung is a very meticulous company in seeing an opportunity in the trend. Last year and this year it can be said that cryptocurrency is a promising trend.

[threegods]

Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips

[19nataliya12]

Crypto-currencies, including bitcoins, are mined with the help of mining. Its essence lies in the fact that the computer, using a special program (miner), conducts complex mathematical calculations, receiving a reward in the form of new digital coins (tokens), which are called crypto currency. Any processor can be used for mining, but specially-tuned platforms like ASIC are more preferable among serious miners who are interested in the speed of production of tokens. These platforms are specifically designed for a single purpose - mining. This is their difference from multifunctional and multitasking processors, which are used in conventional computers and smartphones.

It should be noted that Samsung already produces voluminous memory chips for graphics processors of video cards, which are used not only to display graphics on the computer, but also for the crypto currency.

According to the Korean edition of Bell, Samsung last year completed the development of its ASIC chip for bitcoin mining, and earlier, this month, they have already launched them into mass production.

The Taiwan Semiconductor Manufacture (TSMC) is another giant in the ASIC chip industry. TSMC has established relations with the largest miners' organizations to which they supply these chips. Among them are, for example, the Chinese company Bitmain and Canaan Creative. According to reports from trusted sources, it was these chips that generated $ 350 million to $ 400 million in profits last year.

High and stable demand for chips for mining is a direct consequence of the take-off of bitcoin and other crypto-currencies. In just one year, the price of bitcoin grew from $ 800 to $ 20,000. According to the global market capitalization, bitcoin today continues to trade at around $ 10,000.

[CryptoProphet]

Samsung is big deal with a big "gun"  
The interest of such players will positively develop on the distribution of bitcoins in the world. and will create good competition in the mining industry.

[otong]

The entry of one of the largest conglomerate in the world is a big vote of confidence for bitcoin/cryptocurrency.  All the other big companies are expected to follow the lead of Samsung unless they chose to be left behind.

with the good news like this it will make bitcoin increasingly popular and trusted in the eyes of the world. Because Samsung is a well-known technology company in the world it will simplify bitcoin to be a trust in transactions and used in any activity in order to facilitate someone.

[carrie_white]

wow, even samsung companies also want to follow the trend of cryptocurrency, this is a very good news for the world of crypto, hopefully what can be done samsung provokes other large electronics companies that can join in the world of crypto

[copoyes]

good news
chances are samsung will make a new breakthrough to improve their marketing, maybe they see high crypto enthusiasts
maybe the samsung already exist square to make their latest product in which there is element cryptocurency

[mammothine]

Samsung is one of the largest if not the largest company in the world. They do more than tech, and have their hands in every industry you can think of (insurance, finance, advertising, etc. etc.). Selling miners is likely just the very tip of the iceberg in terms of their embrace of crypto.

[Rajs64]

I see it positive since other companies may soon join this league. To note: Now only Batmain is supplying ASIC chip mining rigs. all are aware of price shocks with this machine purchase.

With Samsung launching their miners, i hope to see a price competition.

[klavyemaus52]

Waow its a great im being very happy when big large business companies join in bitcoin its  really good for us.

[d_fitrie]

samsung is the best smartphone brand in the world, if samsung join cryptocurrency will be very good because there will be a lot of positive response about bitcoin and bitcoin users will increase

[Domenc]

Everyone wants their business to expand and so does Samsung, emerging nearly into every possible field from mobile to washing machines they always help technology to grow more and hence they are doing it one more time. These chips will definitely help making things process faster, there by helping the community. BUt the main question will come if they really do or these are just fake promises.