Samsung ASIC Chips — Positive News for Miners


Technology giants Samsung are said to be entering the cryptocurrency world in a move that has positive ramifications for miners at large.

As reported earlier this week in Korean news outlet The Bell, the South Korean conglomerate will produce Application‐Specific Integrated Circuits (ASIC) processing chips in its own foundry in a deal with Taiwanese manufacturer TSMC. Ironically, TSMC provides the ASIC chips used in Bitmain’s Antminers, but it’s new partnership with Samsung could well provide the first real competitor to Bitmain’s chip manufacturing ventures.

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