It’s evident in the last few years that Samsung is trying to chase new markets to sell its chips. The latest market Samsung is trying to address is the cryptocurrency market with its superior hardware. According to a Korean report, Samsung will start mass production of an ASIC (application-specific integrated circuit) chip by end of this month and has struck a deal with a Chinese mining equipment company to provide the required hardware.
For the uninitiated, ASIC hardware is better and efficient to mine cryptocurrencies like Bitcoin compared to conventional computers.
It’s not an uncharted territory for Samsung when it comes to cryptocurrencies. Back in October 2017, Samsung showed off its “Upcycling” program where it used 40 Galaxy S5 phones to mine bitcoins