Samsung announced an agreement Monday, Jan. 29 to manufacture ASIC mining equipment with the Taiwanese manufacturer TSMC . "Mass production" of the ASIC chip has already begun in January, according to the Korean news newspaper The Bell.

An ASIC chip, which stands for Application-Specific Integrated Circuit, is specialized hardware designed only for my encryption calculations based on a specific hash algorithm, such as SHA256 (which Bitcoin and Litecoin use). It is part of a cryptography extraction device.

TSMC provides the ASIC chips needed for cryptocurrency mining at Bitmain, a China-based mining company, Bitcoin. Bitmain also manufactures its own hardware, having released two ASIC-type products in September 2017 at a relatively negative frequency as well as an unexpected launch of a SiaCoin miner on Jan. 19.

Regarding the profitability of Samsung entering Hwang Min-seong, an analyst at Samsung Securities, told The Bell:

"Samsung Electronics could increase its revenue through the ASIC chip manufacturing but because the foundry only accounts for a small part of the company's semiconductor manufacturing plant, it is difficult to predict that the company's mining business will have a significant impact on the company's revenues. "

Energetic month on the crypto markets in Asia, with forbidden trade in China and accusations of insider trading and confusion over the regulations in South Korea resulting in losses at all levels.