Samsung Is Now Building Bitcoin Mining Chips, Report Says795.79

Samsung has started mass producing application-specific integrated circuit mining chips in partnership with an unidentified Chinese mining company. Rumors of Samsung's ventures in mining date back to last October when the company unveiled a bitcoin mining rig composed of old Android smartphones at a San Francisco developer's conference. In December, The Investor - another South Korean news outlet - reported that Samsung had partnered with a Russian bitcoin mining company called Baikal to produce ASICs, the production of which was also set to commence in January. Samsung's shift toward manufacturing processors for the crypto mining industry marks an expansion of its existing chip products, which reportedly accounted for more than 60 percent of its 2017 operating revenue.
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