Samsung has now entered the cryptocurrency world

[kencot]

Yay, this is very good news because it seems like many android users are also as crypto users. Among the many bad news about bitcoin, finally there is good news too. Hopefully this will also soon be followed by LG, APPLE and other global companies.

[oludare1]

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.

[Veterock]

I won't be surprised if after some time Apple announced the production of the same chip)

[Souldream]

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.

This is probably the best thing that happen since the value of bitcoin come to it's downfall. And hence this is a great opportunity that Samsung enter this kind of business because it is now the new trend for investment and new trend for business. This is a very amazing thing that happened this year.

[upinros]

Yes samsung only offer this chip to their partner Bitcoin mine in China. But I think this will be the beginning, In my opinion, if this continues as mentioned above, a lot of competition means cheaper price.Samsung, one of the best companies that go into making mining equipment makes the user happy also the information that comes at this time actually increase the user cryptocurrency.

[camric09]

Yea, sure - Samsung entering cryptocurrency is very advantageous.
A huge company supporting cryptocurrencies is a huge step to establish trust from people and open their minds to the benefits of crypto over paper money.
To which, it can mean a huge gain of popularity that may increase values as it relies on demand/supply.

Well, I just hope that samsung is really serious and dedicated in what they are doing right now, also hoping that they can be able to help cryptocurrency price to rise again in the coming months.

[BlackRacerX]

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?

For more info just read visit the link: https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/

It is good news. We now have major market leaders aiming to integrate bitcoins to the society. Meaning more publicity to bitcoins therefore brings a lot more people to invest in bitcoins. Smart move for Samsung. I think they're aiming for people to mine bitcoins for them.

[medivhaui]

 

[kingkonjac]

if Samsung is serious about this investment and we see it in the mass media than it means btc is in the hand of big investors and have really a future which could give confidence to people.

[warokngebel]

seems to be goodnews when price in downfall period,  with participation of big institution will increase popularity of whole crypto ecosystem

[trangprooss1]

Of course, the big guys in technology will look at this field. As it is the future and forcing them to catch up to avoid lagging like nokia.

[Igromania]

For some reason it seems to me that Samsung is now suffering losses, as mining is not relevant and I doubt that right now someone buys Asics

[alkiw21]

I think this is a good news that will make bitcoin image better. With such news then other companies I think will think of something interesting also with bitcoin. We do not know that, but we still hope from big companies to be a part too.

[r1a2y3m4]

I thought they will conduct ICO and will show their expertise in the world. But no. It's just mining. Imagine a business that's already occuring and has the upperhand on every business venture, the ico of this thing will be the best.

[gesdan]

samsung join the cryptocurrencies world? maybe it is the reason why South Korea is open with crypto too, we can see that Samsung is the big country in South Korea and maybe Samsung is the big reason why South Korea is open for cryptocurrencies and bitcoin

[bncbnc]

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?

For more info just read visit the link: https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/

It is good news. We now have major market leaders aiming to integrate bitcoins to the society. Meaning more publicity to bitcoins therefore brings a lot more people to invest in bitcoins. Smart move for Samsung. I think they're aiming for people to mine bitcoins for them.

That is no doubt a very good news, Such kind of news can make people more confident to do investment in bitcoin, i think that such kind of news will give good support to bitcoin price and hopefully we will see the bitcoin price trading above 20000$ very soon. We will very soon see some other good and famous companies to follow Samsung and adopt bitcoin even for their payment method.

[NerdofBTC]

According to a recently reported deal, Samsung has begun manufacturing hardware specialized for cryptocurrency mining. To be precise, it has begun manufacturing ASIC (application-specific integrated circuit) chips. The deal would see the company supply this hardware to an unnamed Chinese mining equipment provider. The Chinese-based partner would then distribute these chips.
Samsung is also expected to be ready to start mass production soon

[AlexAce420]

It is a good news for all investors that Samsung enters the world of cryptocurrency. Maybe it will have a positive impact on the world of Bitcoin. I think that such kind of news will give good support to bitcoin price. If they have their own cryptos this might gain a lot of patrons. I believe that in the next few years, more hardware and software companies will enter the industry.

[ubay]

That's really good news, but what upsets me is that Samsung only focuses on China, not in other countries like US or Denmark maybe. China does have potential in cryptocurrency, but other countries are also more potential.

[Marcommaso]

Good news, use graphic cards to mine its not efficient way to deal with cryptovalues. The more asic players came out, the more competitive the market will be for us miner. We need low wattages technology to make blockchains a sustainable ecosystem.