ASIC Mining Updates: ASICMiner Deploying, Butterfly Demonstrating at CES

ASIC Mining Updates: ASICMiner Deploying, Butterfly Demonstrating at CES #bitcoin

One positive outcome of this stiff competition is that it significantly reduces the chance of any attacks on the Bitcoin network during the transition to ASICs over the next few months. Three months ago, when Butterfly Labs’ Josh Zerlan was asked why he chose the business model of selling his products as opposed to simply mining with them himself, he replied: “Why don’t we mine with our own equipment? Because we believe the best way to secure bitcoin and help it to succeed is to get as much product out to as many people as widely as possible. That makes it exceptionally difficult, if not impossible, for any individual, corporation or hostile government to destabilize and wreck Bitcoin from within.” When he said this, however, almost everyone was fully expecting that Butterfly Labs would be the first to come out with ASIC hardware, and have a monopoly over it for possibly e...

Full article: http://bitcoinmagazine.com/asic-mining-updates-asicminer-...