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Author Topic: Samsung is going to support bitcoin  (Read 2134 times)
FLoving
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February 01, 2018, 09:10:27 PM
Merited by maxbit (2), p i e c e (1)
 #1

Today I heard that Samsung is going to make bitcoin mining hardware especially Antminer S9 which I heard that they will name it as 'Samsung S9', with this act by Samsung everyone can understand that Samsung is in the favor of bitcoin and they will strongly support bitcoin. Almost all of the Samsung users will then know about this device and so more and more people will then know about bitcoin and the demand and the users of bitcoin will be increased too much.
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February 01, 2018, 09:16:02 PM
 #2

"Samsung to support bitcoin"

Now we are at that time that people try and pump the price. They are making chips, but not supporting bitcoin. They dont accept it, they are not donating to a bitcoin charity, they are not paying millions to educate people. Simply making a product that bitcoin users can use.





https://www.coindesk.com/samsung-confirms-its-now-making-cryptocurrency-mining-chips/

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February 01, 2018, 09:28:31 PM
Last edit: February 01, 2018, 09:42:54 PM by FLoving
 #3

"Samsung to support bitcoin"

Now we are at that time that people try and pump the price. They are making chips, but not supporting bitcoin. They dont accept it, they are not donating to a bitcoin charity, they are not paying millions to educate people. Simply making a product that bitcoin users can use.





https://www.coindesk.com/samsung-confirms-its-now-making-cryptocurrency-mining-chips/
That is the start from them. There is much more in this act from them. Samsung is a giant company and they are putting most of their potential in creating this hardware for bitcoin. It means that they believe in bitcoin and as this giant company is in trust on bitcoin then people will also trust that yes bitcoin is the coin which has a bright future.

Just think why a bigger company will create something for bitcoin if they will not believe on it. They believe on its future that is why they are planning for it.
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February 01, 2018, 09:37:13 PM
 #4

I will hope for such a turn of events and that the support of Samsung will positively affect the growth of bitcoin. I would also like to draw from this information that after Samsung take the same large corporations to support bitcoin.

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February 01, 2018, 09:52:29 PM
 #5

The market of bitcoin attracks people as well as companies which leads to the idea of having a device that will help bitcoin users and at the same time give these companies a huge profit. Samsung may not be supporting bitcoin the way we expect it to be rather they are creating a thing to help their companies grows by having many buyers of their products. Cryptos are in now so I will not be suprise if even an android phone will offer feautures for bitcoin users.

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February 01, 2018, 09:57:40 PM
 #6

Samsung is a truly big help for us especially because we know that a large company can make a new model or unit and would be a big help in Bitcoin today.

Is the problem solely available so far as other countries have a weak signal for Bitcoin trend?

And can also if the communities be able to buy that model or units?
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February 01, 2018, 10:00:35 PM
 #7

This is great news for today. If Samsung support Bitcoin it means a lot for crypto world, in a good way.
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February 01, 2018, 10:00:44 PM
 #8

It is really a good news, but BIG names like Samsung/ Apple etc if start accepting BTC then It will going to rock the market.
But making a device for mining does not really mean that Samsung is supporting BTC directly. It is purely a business call to manufacture a device that has a huge demand in the market.
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February 01, 2018, 10:07:34 PM
 #9

Samsung creating antminers will surely do good in the crypto currency world but I don't want to expect much since this would be purely business but hopefully this news will make the value of Bitcoin more valuable in the near future.
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February 01, 2018, 10:09:48 PM
 #10

Samsung creating antminers will surely do good in the crypto currency world but I don't want to expect much since this would be purely business but hopefully this news will make the value of Bitcoin more valuable in the near future.
Samsung is kind of supporting Bitcoin by doing that though they are also supporting Altcoins as well.

 
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February 01, 2018, 10:13:55 PM
 #11

More correctly, the topic would be called "Samsung wants to take his piece of cake," taking as an example other hardware companies that have earned good selling components for mining.
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February 01, 2018, 10:15:48 PM
 #12

Today I heard that Samsung is going to make bitcoin mining hardware especially Antminer S9 which I heard that they will name it as 'Samsung S9', with this act by Samsung everyone can understand that Samsung is in the favor of bitcoin and they will strongly support bitcoin. Almost all of the Samsung users will then know about this device and so more and more people will then know about bitcoin and the demand and the users of bitcoin will be increased too much.

Wow ... This is very good news for me, why, that I am a loyal user of Samsung mobile phone even I have been waiting for this moment, I am very sure if everyone hear this news, maybe they will be happy, I mean person !!
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February 01, 2018, 10:15:52 PM
 #13

Today I heard that Samsung is going to make bitcoin mining hardware especially Antminer S9 which I heard that they will name it as 'Samsung S9', with this act by Samsung everyone can understand that Samsung is in the favor of bitcoin and they will strongly support bitcoin. Almost all of the Samsung users will then know about this device and so more and more people will then know about bitcoin and the demand and the users of bitcoin will be increased too much.

This would be a great news then. Samsung is a large company and it has a lot of consumers patronizing its qualit product. This would be their starting point in spreading the good news about bitcoin. About the product they would lauch,   it would be an advatage for those who miners because there would be a gadget that is compatible for mining.

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February 01, 2018, 10:16:46 PM
 #14

"Samsung to support bitcoin"

Now we are at that time that people try and pump the price. They are making chips, but not supporting bitcoin. They dont accept it, they are not donating to a bitcoin charity, they are not paying millions to educate people. Simply making a product that bitcoin users can use.





https://www.coindesk.com/samsung-confirms-its-now-making-cryptocurrency-mining-chips/

Yes, Samsung is more interested in business here. But this company is a global giant. They have a very strong lobby in South Korea as they are involved in producing military equipments as well as a strong player in electronics worldwide. So if they start producing mining hardwares, it will provide a very strong push towards the legalization of crypto currencies in South Korea which is the third largest market for cryptos.

So it is definitely a good news especially when the crypto prices are going down globally. If we see such kind of big corporations are producing crypto equipments and related technologies, it certainly provides some strong group to fight back.

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February 01, 2018, 10:20:07 PM
 #15

yes, I already know that information. and this is very remarkable. the support made by the giant samsung company could help the miners to save on electricity usage. a few days ago I also read news about samsung S5 mobile phone which made for mining. and the results are positive, functioning. I think if the owner of samsung supports bitcoin, does he also have investments in the crypto world?

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February 01, 2018, 10:21:30 PM
 #16

"Samsung to support bitcoin"

Now we are at that time that people try and pump the price. They are making chips, but not supporting bitcoin. They dont accept it, they are not donating to a bitcoin charity, they are not paying millions to educate people. Simply making a product that bitcoin users can use.





https://www.coindesk.com/samsung-confirms-its-now-making-cryptocurrency-mining-chips/
That is the start from them. There is much more in this act from them. Samsung is a giant company and they are putting most of their potential in creating this hardware for bitcoin. It means that they believe in bitcoin and as this giant company is in trust on bitcoin then people will also trust that yes bitcoin is the coin which has a bright future.

Just think why a bigger company will create something for bitcoin if they will not believe on it. They believe on its future that is why they are planning for it.
They have so great scientists. Wonder if Samsung and sony unite to develop great miner. But I have no idea why will they sell it like bitmain while samsung can to enter into bitcoin world very seriously and conquer whole crypto world with the help of their scientists. Well, google can do the same but this will be fatal.
I don't like that fact, if samsung develop antminers, there is a potential from other companies to follow samsung's steps and this will make a big monopoly in mining, greater than antminer has (do they really have? No).


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February 01, 2018, 10:21:34 PM
 #17

I dont think this could be real, samsung is a big international company and their products are not related to anything that includes mining or stuffs like that. They create computer's and laptops but I dont think they create and sell mining related technology. Yeah, it is possible to see that bitcoin market is very profitable and they have the advantage of being one of the best companies in the world but still I dont think they would create a mining hardware especially because of bitcoin

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February 01, 2018, 10:22:38 PM
 #18

Today I heard that Samsung is going to make bitcoin mining hardware especially Antminer S9 which I heard that they will name it as 'Samsung S9', with this act by Samsung everyone can understand that Samsung is in the favor of bitcoin and they will strongly support bitcoin. Almost all of the Samsung users will then know about this device and so more and more people will then know about bitcoin and the demand and the users of bitcoin will be increased too much.

That's good to hear. New big brands are starting to slowly get into cryptocurrencies. Today they make some mining hardware and tomorrow they will end up mining and using crypto for themselves.
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February 01, 2018, 10:23:04 PM
 #19

"Samsung to support bitcoin"

Now we are at that time that people try and pump the price. They are making chips, but not supporting bitcoin. They dont accept it, they are not donating to a bitcoin charity, they are not paying millions to educate people. Simply making a product that bitcoin users can use.





https://www.coindesk.com/samsung-confirms-its-now-making-cryptocurrency-mining-chips/

Yes, Samsung is more interested in business here. But this company is a global giant. They have a very strong lobby in South Korea as they are involved in producing military equipments as well as a strong player in electronics worldwide. So if they start producing mining hardwares, it will provide a very strong push towards the legalization of crypto currencies in South Korea which is the third largest market for cryptos.

So it is definitely a good news especially when the crypto prices are going down globally. If we see such kind of big corporations are producing crypto equipments and related technologies, it certainly provides some strong group to fight back.

I doubt they are going to be lobbying anyone. Remember that bitcoin mining is worldwide, and South Korea doesn't have cheap electricity, so the chances of mining operations being set up there is slim to none.

All that has happened is that they've seen an opportunity and have gone for it - their chips can be used in other situations, so it's win-win for them.

 
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February 01, 2018, 10:24:20 PM
 #20

Samsung is making lots of things, including many things even Samsung fans do not know, so your argument that it will increase awareness is biased I think.
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