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samsung


Samsung Electronics has reported 58 percent year-on-year growth in its operating profits for Q1 2018 – an increase driven in part by strong demand for cryptocurrency mining chips. During a financial earnings call on Thursday, Robert M. Yi, Samsung’s executive vice president of investor relations, said the profitability increase seen in the firm’s semiconductor business played a significant …

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Electronics giant Samsung is mulling the use of a blockchain platform to manage its global supply chains, according to a report. Bloomberg reported Monday that Samsung Electronics is said to be already building a distributed ledger system to track international shipments, and expects that the move could slash shipping costs by 20 percent. Samsung SDS, …

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Chinese mining hardware giant Bitmain has reportedly made higher profits in 2017 than long time American graphics processing unit (GPU) manufacturer Nvidia, CNBC reported Feb. 23. CNBC writes that according to a report published Feb. 21 from investment research company Bernstein, the four-year-old Bitmain reportedly made between $3 and $4 billion in operating profit in …

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Samsung has confirmed it is now manufacturing bitcoin mining chips after reports to that effect surfaced this week. South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to an unnamed Chinese mining firm. A company spokesperson …

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Technology giants Samsung are said to be entering the cryptocurrency world in a move that has positive ramifications for miners at large. As reported earlier this week in Korean news outlet The Bell, the South Korean conglomerate will produce Application-Specific Integrated Circuits (ASIC) processing chips in its own foundry in a deal with Taiwanese manufacturer …

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Samsung has started mass producing application-specific integrated circuit (ASIC) mining chips in partnership with an unidentified Chinese mining company. The news was reported by South Korean news outlet The Bell yesterday, citing unnamed Samsung officials as its source. Samsung was slated to start mass producing the ASICs this month, for distribution by the Chinese firm, …

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Samsung announced a deal on Monday, Jan. 29 to manufacture ASIC mining hardware with Taiwanese manufacturer TSMC. “Mass production” of the ASIC chip has already begun in January, according to Korean news outlet The Bell. An ASIC chip, which stands for Application-Specific Integrated Circuit, is a specialized piece of hardware designed to only mine cryptocurrencies …

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Lee Kun Hee, the billionaire founder of South Korea’s largest conglomerate Samsung, is expected to be fined for storing many billions of dollars in more than 200 offshore banking accounts with the intent of avoiding taxes. Advantage of Bitcoin JTBC, a major South Korean mainstream news publication, reported that Lee had withdrawn frequently from the …

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IOTA, the digital network designed for the Internet of Things (IoT) has recently seen a massive increase in the value of their cryptocurrency, MIOTA. According to CoinMarketCap, the company has moved from 9th to 4th in largest market cap, displacing long standing 4th place holder Ripple. In order to understand what caused this massive explosion …

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Samsung SDS has announced a lucrative agreement with the Korean government to create a new Blockchain technology-based platform for welfare, public safety and transportation by 2022. The hope is to increase transparency for the government services.   While the nation has banned ICOs, they have been embracing Blockchain technology. The need for technological change has become increasingly …

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Samsung SDS, an IT subsidiary of the South Korean electronics giant, has revealed it is to establish a blockchain-based platform for the public sector. According to Korea Herald report, Samsung SDS has signed a deal with the Seoul Metropolitan Government to help develop its “information strategy” plan – using blockchain to support administration across welfare, public …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Samsung built a bitcoin mining rig made out of 40 old Galaxy S5 devices that run on a new operating system for the company’s upcycling initiative, according to Motherboard. The company’s C-Lab developed the mining rig and other uses for old phones, …

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