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. Also Read: Samsung Bitcoin Chips Samsung Electronics (KRX: 005930), the flagship company of the Korea-based multinational conglomerate Samsung Group, has entered the bitcoin mining business according to reports from the country. It has earlier signed a contract with a Chinese bitcoin mining hardware maker to supply it with chips, and already started mass production in January. According to the reports Samsung Electronics completed the process for the development of semiconductor ASIC (Application Specific Integrated Circuit) for bitcoin mining last year. A Samsung Electronics spokesperson told Korea’s that, “We are in the middle of a foundry business that is being supplied to a virtual money mining company in China”. The market for ASIC miners has been booming along with the massive 2017 price rally, and hardware manufacturers such as used their strong profits to sway the semiconductor foundries to produce chips for them over traditional clients.

GUIDE brings you a video on the Gridseed G-Blade Scrypt ASIC Miner, scrypt coins as in; Litecoin LTC, Bitconnect BCC, GameCredits GAME, Novacoin NVC, Verge XVG, Aricoin ARI, Gulden NLG, Belacoin BELA, Digibyte DGB, Dogecoin DOGE, Viacoin VIA, and whatever other scrypt coins that may be out or come out, this. Dec 5, 2017 - GUIDE brings you a video on the Gridseed G-Blade Scrypt ASIC Miner, scrypt coins as in; Litecoin LTC, Bitconnect BCC, GameCredits GAME, Novacoin NVC, Verge XVG, Aricoin ARI, Gulden NLG, Belacoin BELA, Digibyte DGB, Dogecoin DOGE, Viacoin VIA, and whatever other scrypt coins that may be. Japan's FSA Approves Coincheck's Bitcoin Exchange License - Just recently the Japanese exchange Coincheck announced they have become a fully licensed exchange in Japan after being approved by the country's Finance Bureau Director. Also read: After the Boss Calls Bitcoin a 'Fraud' — JP Morgan Buys the Dip. Welcome to Viacoin. The fast and flexible currency for the digital age. Viacoin whitepaper Roadmap 2017 (Finished. Roadmap 2018 will be released soon, styx to 2018) Viacoin SegWit Bitcoin magazine [Dec 2016]. Fast Transactions. 25x faster than Bitcoin. Decentralized settlement and meta transaction.Missing.

It was that the world’s largest dedicated semiconductor foundry, TSMC, expects that the bitcoin mining sector will continue to grow this year, possibly offsetting for weak iPhone X sales for Apple’s primary chip supplier. GPU Mining Samsung is set to profit not just from the bitcoin ASIC mining boom, but also from the huge parallel demand for GPU-based cryptocurrency mining. The company has started the mass production of a new type of DRAM for graphics cards, which is said to be more suitable for cryptocurrency mining. The 10-nanometer 16Gb GDDR6 DRAM is twice as fast as conventional GDDR5 DRAM and improves power efficiency by more than 35%, resulting in greater profitability for GPU for cryptocurrency mining. This shows that chip manufacturers like Samsung are well aware of the prevalent use of their GPUs for cryptocurrency mining by end users, and might be even focusing it with new designs. Only recently it was revealed that GPU manufacturer Nvidia has taken measures to try and ensure its products get into the hands of gamers,.

Is the Korean government going to the support bitcoin ecosystem more now when its national champion Samsung is invested in its success? Tell us what you think in the comments section below. Images courtesy of Shutterstock, Samsung.

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Information about Stats, Pools, Software, Hardware and Profit Calculate for Mining Viacoin. Mining Algorithm is Scrypt and use ASIC Hardware for mining.