Samsung made a special chip for mining cryptocurrency
Samsung has a chip designed specifically for mining cryptocurrency . Rather than repurpose a GPU to do the dirty work, Samsung made an Application Specific Integrated Circuit (ASIC), which is a specialized processor that is more efficient at mining than, say, an NVIDIA 1080 card. The company has entered into a distribution agreement with an as-of-now anonymous Chinese partner for distribution. As TechCrunch notes , this is significant for at least one reason: This gives the Korean company a way into the Chinese ASIC market, where local firms dominate. It's too early to tell what sort of impact (if any) this could have on Samsung's bottom line , or how it could affect cryptocurrency and China's local players. Source: TechCrunch via Engadget RSS Feed "http://ift.tt/2Gxqx2l"