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Not just smartphones: Samsung will start producing mining equipment

Not just smartphones: Samsung will start producing mining equipment

South Korean company – Samsung – has launched a line for the production of cryptocurrency mining equipment, reports CCN.

Samsung Electronics plans to supply mining devices and ASIC chips to Chinese companies that are engaged in cryptocurrency mining, with plans to access the global market in the future.

As of now, corporations do not disclose information about their customers and are not trying to evaluate profitability of the new direction.

Soon, the IT giant will launch production of GPUs for individual virtual coins.

It is noted that with the opening of a new direction in production, South Korean brand will be in competition with the Chinese manufacturer of mining equipment – Bitmain.

 

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