its main customers are for cryptocurrency mining chips. The company is well positioned to capitalize on growing demand for them. The South Korean company said it's ramping up production of computer chips used to mine digital currencies like bitcoin, cashing in on growing demand. And with some cryptocurrencies worth thousands of dollars per coin, and huge hype around the phenomenon, it's no surprise a rush of gold diggers are pumping up their computer systems with high-powered chips to get in on the act. In the long-term, Samsung plans to expand its mining equipment venture from China to other regions like South Korea and Japan that have a stronger demand for cryptocurrencies than other countries. Mining for cryptocurrencies like Bitcoin means putting your computer to work solving thorny math problems that're used to verify cryptocurrency transactions. Samsung has started mass producing bitcoin mining chips in partnership with an unidentified Chinese mining company. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last year and finished the development of its asic chips. Thus, there should be a race in the next few years, who exhausted Moores Law in Bitcoin mining first, by driving the Asic chips to the physical minimum. Since last year, Samsung has been the sole supplier of oled screens for Apples iPhone X production line, because it has been the only company that is able to match the supply needed by Apple. People "mine" bitcoin and other cryptocurrencies by using computers to solve complex math puzzles.
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Users on, twitter were quick to point out that the sheer size of forex trading diagram Samsungs semiconductor plant would give the firm an automatic advantage. Samsung is Manufacturing asic Chips For Bitcoin Mining was last modified: March 26th, 2018 by Joseph Young. But, until the company expands its venture internationally, it will be difficult for Samsungs asic chip manufacturing division to have a major impact on the revenues of Samsung Electronics. In addition to the Asics Samsung already earned by dram for graphics cards in the mining boom. Bitcoin is currently trading near 10,000, nearly 10 times its price this time last year. The company has begun mass-producing 16GB dram chips (gddr6) with a size of 10nm. Baikal to produce asics, the production of which was also set to commence in January. "Samsung's foundry business is currently engaged in the manufacturing of cryptocurrency mining chips the company said in a statement sent to various media outlets. "I think the impact from new business is still very small said SK Kim, an analyst with investment bank Daiwa. He predicts sales from cryptocurrency mining chips will account for less than 1 of Samsung's total revenue this year.
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