Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The companys foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month.
News:
https://news.bitcoin.com/samsung-enters-bitcoin-mining-asic-manufacturing-business/Do you think now that there is more competition: bitcoin mining equipment will become cheaper?
What impact will this have?
I think that the pleasant days of Bitmain,the chinese company when it dominated the entire mining industry would come to an end soon.
Just before few months,japan's internet giant GMO said that it would start manufacturing ASIC miners and now the korean electronic company has entered the mining market.More the competition,the price of ASIC miners would get cheaper which would help more mining farms to develop all over the world which would avoid centralization of bitcoin mining.