Samsung to Start Bitcoin Mining Hardware Manufacturing

Samsung, one of the largest multinational technology companies of the World, has entered the Btiicoin mining business according to reports from Korea. According to reports, Samsung has signed contract with a Chinese Bitcoin mining hardware maker to supply with chips.

A Samsung spokeperson told The Bell that, “We are in the middle of a foundry business that is being supplied to a virtual money mining company in China”.

By taking this move, Samsung will also gain a lot of profit from the huge parallel demand for GPU based cryptocurrency mining as well as ASIC mining. The company has also started the mass production of a new type of DRAM for grapichs cards. 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.

 

We can clearly see big players are joining the game of cryptocurrency.

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