We need more competition.....competition in asic development. Bitmain is capitalism gone wrong. No competition, complete monopoly and exploitation. There is no company that can stand against Bitmain that's why they are doing whatever they want. If there was competition then prices would be low and so would be the chance of them mining the hell out of those asics before releasing them. Until AMD and Nvidia develops a mining specific gpu or until a asic resistant coin surpasses ETH's market capital it will be dark ages for gpu mining.
samsung's getting into asic development, i'm interested to see where that goes
So far, all of the announcements out of Samsung fit into "we're providing foundry space to ASIC miner makers" like eBang, JUST LIKE TSMC and GF have been doing for years now.
Samsung has NOT announced any intention of competing with them.