Quote from: Yakamoto on February 01, 2018, 06:33:13 AM

Quote from: shamzblueworld on January 31, 2018, 05:42:40 PM

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?

It all depends on how cheap Samsung is able to make the chipsets for the ASICs, there's nothing that is saying that other companies like Bitmain and the others aren't already incredibly cheap. But with a big enough market, and if there are going to be a bunch of large organizations all trying to vie for the ASICs being produced then there is an incredibly good chance that the other manufacturers will just get cheaper to maintain their current market share. I don't know enough about what they're doing yet.

Yes it's very clever, it's in many ways the safest way Samsung can get exposure to the rise of crypto while leveraging their expertise in hardware. I believe as they learn how this works they will expand in other ways.