Post
Topic
Board Bitcoin Discussion
Re: Samsung has now entered the cryptocurrency world
by
mekusproj
on 27/04/2018, 07:06:40 UTC

As we know Samsung is one of the biggest and famous phones, smartphones, tablets producers in the whole world and now they are planning to make there own mining software. Is this a good news for us bitcoin users? I mean what are they aiming for?

For more info just read visit the link: https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/

This means recognition of Bitcoin and other crytocurrencies. For a large conglomerate like Samsung to come into the business of Crytocurrencies, I believe they must have done their research and discovered the importance and potential of Bitcoin. Supporting Bitcoin mining firms with hi-tech mining chip would increase mining capacity and thus more coins are made available to the general public.  This recognition, i believe, would lead to other major players in the same space with Samsung to also come into the building more accessories for the Cryto world.

we should also expect this news to have a positive impact on the price of Bitcoin in the market.