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Earlier reports had suggested that the Korean giant was entering the field of cryptocurrency with dedicated mining machines and today, that news has been confirmed. A Samsung spokesperson told TechCrunch that the company's foundry business is concentrating on building chips for mining cryptocurrencies specifically. However, the representative was also very secretive about the whole thing and declined to comment any further on the matter. It looks like all those rumors about Samsung making application-specific integrated circuit chips (ASIC) for dedicated mining machines were indeed true.


The decision isn't really surprising, given how popular a business cryptocurrency mining has become nowadays. In fact, it's one of the main reasons as to why graphics card prices have soared sky-high and even when you are willing to pay that price, it's hard to find one! ASIC chips on the other hand are the future of mining bitcoins. They are more efficient in mining than gaming GPUs simply because they are built specifically for one purpose, which is to compute hashes. Given that the ASIC-powered mining rigs are also more power-efficient than a multi-GPU unit, Samsung has a chance to shape the future of cryptocurrency mining here.


Saikat Kar (tech-enthusiast)


Samsung-cryptomining-chips-asic


It wasn't too long ago that mining corporations had made gaming graphics cards super expensive and the rapid, meteoric rise of cryptocurrencies in general, and Bitcoin in particular had left entire nations confused regarding their blockchain policies. While things have calmed down since then, cryptocurrencies are going nowhere and Samsung is all ready to pounce onto the scene with some of their own in-house ASICs, aka application-specific integrated circuits.


Reports have come in to confirm that Samsung will be supplying their mining-specific chips to Squire, a company that manufactures crypto mining rigs in Canada. It is expected that the ASIC chips supplied by Samsung will make the machines much more productive for mining, while cutting down on the huge power requirements that they generally come with. While this makes the deal official, Squire did not declare anything about when they will start using the chips in their products. It would be interesting to see how the ASICs by Samsung fare against the ones manufactured by TSMC; a much more experienced company in the field.


Saikat Kar


apple and samsung


The smartphone market is undoubtedly a hugely competitive area at the moment, with many major brands from Apple to Samsung working hard to outdo their rivals with exciting new creations that offer consumers access to a range of options and capabilities.


HTC may have been established in Taiwan all the way back in 1997, but it has grown to have a major presence in the world of mobile phones and, at one point, had a market share of more than 10 percent.


The company's latest model is the Exodus 1, an Android-based smartphone that is undoubtedly heavily inspired by the recent developments and interest seen in cryptocurrency across the past few years.


Growing awareness


While the idea of bitcoin and other digital forms of currency has been around now for some time, the cryptocurrency concept has arguably reached a new level of popularity in recent years. Towards the end of 2017, bitcoin reached record values of around $20,000, with the news seemingly taking awareness of the concept to a whole new level.


bitcoin


Across the past few years, a range of brands have embraced and permitted cryptocurrencies as a payment method, with the likes of Subway and travel website Expedia at one point or another giving consumers the chance to purchase goods or services using the concepts. Technological powerhouse Microsoft has also taken steps into the area and has allowed people to use bitcoin on its online store in the past.


Such trends have even led to the creation of further services including many a trading platform devoted to the concept. Services for exchanging digital currencies first emerged shortly after the likes of bitcoin and other crypto assets were launched around a decade ago, with the platforms becoming increasingly sophisticated as time has gone by.


An Android device with a difference


Now, against this backdrop of growing interest and awareness in cryptocurrency in general, the Exodus 1 has emerged.


HTC's new device is an Android smartphone with a difference, specifically in the sense that it features a private area separate to the main operating system that has been created to keep cryptocurrencies safe. The wallet system it features is known as Zion and has been designed to protect private keys and other vital data.


htc


Such features have led HTC to describe the phone as the first native web 3.0 mobile device as it has seemingly pushed matters forward from web 2.0 and the idea that personal data is controlled by large organisations. Instead, HTC claims the web 3.0 paradigm gives people the chance to own their own information.


Finally, just to emphasise the phone's cryptocurrency credentials further, HTC initially only made it available to buy with such currency.


More than a cryptocurrency device


However, what else does the handset offer away from the world of crypto? The device features a 6.0" Quad HD+ display with 18:9 aspect ratio, as well as a 12MP+16MP main camera with high-quality zoom functions.


It also includes an 8MP+8MP dual front camera, as well as audio features, including HTC BoomSound Hi-Fi edition and HTC USonic with Active Noise Cancellation. In terms of video, it is capable of 4k and 3D audio recording quality as well as Sonic Zoom with Audio Boost.
Edge Sense 2 is also featured, with the concept allowing users to squeeze the sides of the phone to access different functions.


The Exodus 1 also includes 6GB of RAM and 128 GB of storage.


More to follow?


All of this makes the smartphone a fascinating example of how some technology providers are seeking to embrace the issues of blockchain and cryptocurrency in general across their new systems.


It will be really interesting to see just how successful the Exodus 1 proves to be and whether it could act as a gateway that ultimately brings the idea and concept of cryptocurrency to more people than ever before. Furthermore, it will be intriguing to see if other providers also choose to follow in HTC's direction.


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