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RESTRICTIONS: Broadcast: NO USE JAPAN, NO USE TAIWAN Digital: NO USE JAPAN, NO USE TAIWAN
Samsung Electronics has made a chip designed to particularly mine for cryptocurrency.
The corporate made the disclosure in its newest earnings report, the BBC reported.
Samsung’s foundry enterprise is manufacturing an Software Particular Built-in Circuit (ASIC), which is a specialised processor custom-designed to mine for cryptocurrency.
Mining refers back to the fixing of advanced mathematical equations as a solution to confirm cryptocurrency transactions. Individuals who use their computer systems to mine are given digital cash in trade.
Korean media claims the corporate made the transfer as a three way partnership with an unnamed Chinese language distribution agency, in response to TechCrunch.
Samsung already produces high-capacity reminiscence chips for GPUs (graphics processing unit), that are used for pc graphics however are additionally used to mine cryptocurrency.
Based on Korean paper The Bell, the tech big started mass producing the chip earlier this month.
RUNDOWN SHOWS:
1. Chip manufacturing lab producing ASIC chips
2. Cryptocurrency mining
3. Cryptocurrency miners are rewarded with digital cash
4. Chip manufacturing lab
VOICEOVER (in English):
“Samsung is manufacturing an Software Particular Built-in Circuit (ASIC), which is a custom-designed processor with the only activity of mining for cryptocurrency.”
“Mining refers back to the fixing of advanced mathematical equations as a solution to confirm cryptocurrency transactions.”
“Individuals who use their computer systems to mine are given digital cash in trade.”
“Based on Korean media, Samsung started mass-producing the ASIC chips earlier this month.”
SOURCES: BBC, TechCrunch
http://www.bbc.com/information/technology-42892380
Samsung confirms it is making ASIC chips for cryptocurrency mining
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