[The Next Web] Samsung is reportedly manufacturing cryptocurrency mining gear for Bitcoin


Samsung could be the latest technology giant to hop onto the blockchain wagon. The company has reportedly begun manufacturing ASIC (application-specific integrated circuit) hardware specialized for Bitcoin and cryptocurrency mining. The deal will see Samsung supply an unnamed Chinese mining equipment provider with the necessary hardware starting from January, according to a report (in Korean) from South Korean outlet The Bell. The Chinese-based partner will then distribute the chips. The report further states that the tech titan is ready to start mass production by the end of January. Its main involvement in this collaboration will be as a foundry operator.…

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