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Author Topic: The effects of Samsung getting into ASIC mining  (Read 127 times)
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February 27, 2018, 01:18:36 PM
 #21

I find it hard to believe that they arn't thinking about it already - where there is potential profit, there are firms desperate to be part of the gold rush.

Them not being publicly open about their research fields doesn't mean they aren't thinking about it, or aleady working on it behind the scenes. In most cases they wait for one major entity to step up and get itself involved in a specific new market, where the others then with great interest watch and learn from the mistakes and obstacles the first mover (Samsung in this case) faces. The negative point of such approach is that if Samsung does happen to do everything right from the start, they with their first mover advantage will be able to outplay other tech giants with great ease. Samsung has the capacity to deliver in large volumes, which directly allows them to offer a lower unit price than their closest competitors, so it's going to be more than interesting when it comes to how Samsung is going to demolish Jihan's empire slowly but surely. What Banks felt when Bitcoin popped up, that same feeling has Jihan when Samsung popped up in his market field.

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February 27, 2018, 02:14:06 PM
 #22

Interesting news. I see that already large companies willing to take at least some part of the crypto coins because they saw this perspective and of course benefit. I think that we will continue to hear this kind of news!


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February 27, 2018, 03:04:41 PM
 #23

This news would certainly open uo the market for miners. This will not restrict them. And if the reports are correct, even their smartphones would mine. But after many years of advent of blockchain technology, the algorithms are getting tougher and tougher. When we talk about mining from smartphone, its of the collective power of many smartphones. Even the machines woukd now need to be highly efficient and cost effective. Unlike old devices, newer ones need to do more work by consuming lesser power which is going to be a challenge. And if a reputed company like samsung comes to this field them its going to be a nice competition for ASICS developer and manufacturers.
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