Samsung electronics has eneterd the cryptocurrency world, by producing chips especially conceived for minning bitcoin and other digital currencies.
The company, which is now the bigest one in the industry, overtook Intel and became the number one Chipmaker.
Any cryptocurrency is mined by solving complex mathematical problems the verify the validity of the virtual money transfer. The owner of the equipement who will engage in this system will get rewerded with new digital tokens or coins, called cryptocurrency.
The market demand for this chips is only another validation of the success of cryptocurrencyand what an amazing year this new industry had. The price for one bitcoin grew from 800$ to 20.000$ in one year.
The new Chips from the South Korean giant is nothing more than an indication that bitcoin is not a bubble that will burst any time soon.