Samsung made a particular chip for mining cryptocurrency

Possibly do not anticipate GPU costs to drop anytime quickly, although.

Samsung has a chip designed particularly for mining cryptocurrency. Slightly than repurpose a GPU to do the soiled work, Samsung made an Utility Particular Built-in Circuit (ASIC), which is a specialised processor that’s extra environment friendly at mining than, say, an NVIDIA 1080 card. The corporate has entered right into a distribution settlement with an as-of-now nameless Chinese language associate for distribution. As TechCrunch notes, that is vital for no less than one purpose: This offers the Korean firm a approach into the Chinese language ASIC market, the place native companies dominate. It is too early to inform what kind of affect (if any) this might have on Samsung’s backside line, or the way it may have an effect on cryptocurrency and China’s native gamers.