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Tuesday , February 20 2018
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Bitcoins

Samsung Is Now Building Bitcoin Mining Chips, Report Says

Samsung has started mass producing bitcoin 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 chips – called application-specific integrated circuits (ASICs) ...

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How Bitcoin Mining Works

When you hear about bitcoin “mining,” you envisage coins being dug out of the ground. But bitcoin isn’t physical, so why do we call it mining? Because it’s similar to gold mining in that the bitcoins exist in the protocol’s design (just as the gold exists underground), but they haven’t ...

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