Samsung to Manufacture BTC Mining ASIC

[Yakamoto]

Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.

News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/

Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?

It all depends on how cheap Samsung is able to make the chipsets for the ASICs, there's nothing that is saying that other companies like Bitmain and the others aren't already incredibly cheap. But with a big enough market, and if there are going to be a bunch of large organizations all trying to vie for the ASICs being produced then there is an incredibly good chance that the other manufacturers will just get cheaper to maintain their current market share. I don't know enough about what they're doing yet.

[BitChief]

Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.

News: https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/

Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?

It all depends on how cheap Samsung is able to make the chipsets for the ASICs, there's nothing that is saying that other companies like Bitmain and the others aren't already incredibly cheap. But with a big enough market, and if there are going to be a bunch of large organizations all trying to vie for the ASICs being produced then there is an incredibly good chance that the other manufacturers will just get cheaper to maintain their current market share. I don't know enough about what they're doing yet.

Yes it's very clever, it's in many ways the safest way Samsung can get exposure to the rise of crypto while leveraging their expertise in hardware. I believe as they learn how this works they will expand in other ways.

[Nilda]

Another great news! Things just keep getting better and better for bitcoins. Competition among mining hardware manufacturers would result in lower prices.

[btcdevil]

Earlier this month the Korean government announced that they might be banning cryptocurrencies or impose strict regulations on them. At the end of January one of the biggest Korean based companies is announcing that they will produce Asics for cryptocurrencies.

I am confused. 

Nothing is confusution, this all are the way of fluctuating the price of bitcoin in market trading, they wanted to dump the bitcoin price so that news came and now with this news they wanted to pump the price of bitcoin. This are all the games of big whales to manipulate the bitcoin price.

[BrewMaster]

Earlier this month the Korean government announced that they might be banning cryptocurrencies or impose strict regulations on them. At the end of January one of the biggest Korean based companies is announcing that they will produce Asics for cryptocurrencies.

I am confused. 

two things:
1. it was pure 100% good old FUD!
Korea Minister of Finance even announced recently that they have no intention of banning cryptocurrencies!

2. they can always put manufacturing in another country. they don't have to do it within Korea!

[Shreek]

first, I recognize that samsung is a world-giant company capable of transforming the world of technology. many people are seeing that samsung products have excellent technology.
and today samsung creates an ASIC chip that supports crypto mining world. this is amazing.
I think will many people will be interested to buy it and use it for mining, and the good impact is the cheap electricity payment, because the power is small.

[UZIzzzz]

So will bitcoin accelerate output?
That could mean a big increase in the difficulty of mining bitcoin in a short period of time, increasing the cost of each miner, meaning that the price of bitcoins will also rise.

[CodyAlfaridzi]

Wow this is huge. Could we finally say that cryptocurrency is mainstream now? If they really deliver the new ASIC and GPU they will surely become the world's #1 electronic manufacturer. They recently surpass Intel on chip making. They also produce top quality screen, which their own direct competitor, Apple, use. Smartphone, home appliances, etc. Wow, they're really stepping up their game.

[digger888]

Anyone has any speculations on the Chinese firm that Samsung is teaming up?

1) Bitmain
2) Lightning Asic
3) Halong miner
4) ebang

We know about Baikal - Maybe this is a misdirection and it was about Russian and not Chinese firm.

Samsung signs a chip deal with Russian Bitcoin mining company Baikal

http://www.idownloadblog.com/2017/12/22/samsung-baikal-bitcoin/