Samsung to launch cryptographic currency mining equipment | Chinese company responsible for distribution

SAN FRANCISCO, January 1 Beijing time on the morning of January 1, according to the Russian satellite network reported that, according to Joseph Young, financial analyst Samsung released news on Twitter, Samsung will launch cryptographic currency mining equipment, the company has started production dedicated to the exploitation of bitcoin and other encryption Currency Integrated Circuit (ASIC) chip.

He wrote: 'Samsung is in the ASIC production phase, and the chip will be devoted to the exploitation of bitcoin and other cryptocurrencies, and I think it will be the first to really compete with Bitmain, the mining giant.'

The device will be distributed by a Chinese company.

It is reported that in October last year, Samsung used the old Galaxy S5 to build a bitcoin mining machine, although this is a fun and experimental project, but it is reported that Samsung is now more interested in the hardware needed for mining equipment to meet Develop market demand.