Samsung Ventures Into The Mass Production Of Cryptocurrency Mining Chips

By Trycolyn Pikirayi

While some are shunning out cryptos (cryptocurrencies) as we’ve seen Stripe and somewhat Facebook do, some are amassing resources in order to invest in it. However, considering how controversial the technology is, this is quite expected.

The South Korean multinational electronics company, Samsung Electronics has revealed that it has ventured into the mass production of cryptocurrency mining chips. The chips known as Application-Specific Integrated Circuits (ASICs) are being specifically designed by Samsung to perfectly suit cryptocurrency mining.

Cryptocurrency mining is simply the validation of cryptocurrency transactions. Well, the definition is simple but that doesn’t mean the …read more