Samsung has teamed up with Halong Mining to help create ASIC processing chips for their cryptocurrency miners - and their first product is even out in the markets, challenging the almost monopolistic hold of Bitmain
on the cryptocurrency mining industry.
As Bloomberg and CnLedger have reported, the Chinese government intends to crackdown
on the cryptocurrency mining industry in the upcoming months.
Not exact matches
Miner One is a cutting - edge, crowdfunded
cryptocurrency mining operation built and managed by a team of data centre
industry experts and professionals
on behalf of the Miner One Community.
Two days ago, we reported
on rumors that some Asian countries were moving to regulate the
cryptocurrency trading and
mining industry, but there hasn't really been any concrete news
on this front yet.
In the booming
cryptocurrency mining industry, investors are continuously
on the hunt for better margins, and they've now got serious reasons to cheer for the leading cloud
mining company, HashGains.
As a result the Chinese government's crackdown
on both
mining and trading is expect to have minimal impact
on the global
cryptocurrency industry.
Over the course of six months, they interviewed over twenty
industry leaders from tech companies, exchanges,
mining equipment manufacturers, and
mining farms to provide a detailed account of China's contributions to the success of Bitcoin as well as its impact
on the
cryptocurrency community.
A large amount of the
industry on graphics processing chips is based
on cryptocurrency mining.