Samsung has confirmed it is manufacturing chips which are used to mine cryptocurrency.<\/p>\n
Speaking to TechCrunch<\/strong><\/a>, the company said its semiconductor manufacturing facilities are currently building cryptocurrency mining chips.<\/p>\n The ASIC (Application-Specific Integrated Circuit) chips are commonly used for Bitcoin, Dash, and Litecoin mining.<\/p>\n ASIC processors are constructed specifically for a single computational task, which make them profitable for cryptocurrency mining compared to general hardware.<\/p>\n Revenue from cryptocurrency mining has increased dramatically over the past year, due to the rise of the cryptocurrency market.<\/p>\n Samsung has confirmed it is manufacturing the chips.<\/p>\n","protected":false},"author":23,"featured_media":236282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[48669,187,645],"class_list":["post-247075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-asic-miner","tag-bitcoin","tag-samsung"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/247075"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=247075"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/247075\/revisions"}],"predecessor-version":[{"id":247083,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/247075\/revisions\/247083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/236282"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=247075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=247075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=247075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Now read:\u00a0Samsung overtakes Intel as world\u2019s biggest chipmaker<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"