Can Mining Melt?

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Samsung's bold business has been confirmed, and this is worth noting.

According to the news, the well-known South Korean company will produce application-specific integrated circuits (ASICs), which will be specifically designed for mining. In Samsung's recent financial statement, the appearance of a "new Chinese client" is a significant item, it is very likely that the company has already received an order to produce ASICs. The market is, however, very lucrative and at the same time quite unpredictable, of course, such a huge giant business can risk bravely.

Needless to say, the move will surely boost competition and help restore market equilibrium, as devices designed for such a target task are clearly more effective than other components (processor, video card). Hopefully, besides Samsung, others will also have a perspective on it - TSMC has been delivering custom ASICs for some time - and then a few months later, we can see a substantial improvement in graphics cards.



The problem is that this will not be the case. Bitcoin is good for such ASICs, but there will not be a lot of stuff (it's hardly possible to get BC, so there is a huge total computing power). The other coins are much better for VGAs (especially VEGAs); but there will be no breakthrough there. That is, Samsung does one or two custom ASICs to order; but because I think they have paid for it beforehand, so damages are not worth it at all.