Samsung invests into Bitcoin business, the company will develop an own ASIC chip.
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The south-Korean company produces such a special chip (ASIC - application-specific integrated circuit), which is used to mine Bitcoin and other cryptocurrencies.
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Several companies manufacture special chips designed to mine cryptocurrencies, the biggest ones are Bitmain and Canaan Creative. Samsung’s entering to the market will have a good effect on the market, because it strengthens the competition.