Korean chip giant Samsung recently announced that it will be manufacturing equipment specifically optimized for mining cryptocurrencies.

The hardware manufacturer which surpassed Intel to become the biggest chip maker in the world, was rumored to be focusing on ASIC (application-specific integrated circuit) chips which are said to provide better performance at a lower energy consumption than GPU cards.

Observers have noted that Samsung’s move into the cryptocurrency space may indicate that Bitcoin and the cryptocurrency market may not be in a bubble as critics have suggested.

Source: BBC

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