Samsung wants to start producing Bitcoin mining hardware

Samsung announced a deal with Taiwanese manufacturer TSCM. TSCM is and Application-Specific Integrated Circuits (ASIC) mining hardware producer. Chinese mining giant Bitmain current is the monopoly player in the field of producing ASIC Antminers build to mine Bitcoin and other SHA256 algorithm based coins. The entry of Samsung to the blockchain and mining space will certainly have a significant impact on the crypto community and mainstream adoption of Bitcoin and other cryptocurrencies.