23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner...

23-year-old releases new chips that 'mine' Bitcoins 50 times faster

theverge.com 01 Feb '13, 11pm

23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner...

There's an entire industry of Bitcoin miners out there, people that set up specialized computer rigs to run 24 hours a day to mine the digital currency. Thanks to a 23-year-old kid from Brooklyn, this cottage industry is about to change. Yifu Guo, a digital media student on hiatus from NYU-Poly, has released the first batch of ASICs, which are chips custom-built to do one thing: mine Bitcoins. These ASICs are capable of mining Bitcoins at a far higher rate than is possible with common computer equipment — Guo's design, called the Avalon V1 , can mine Bitcoins about 50 times faster than a high-end rig, and offers a much more attractive price-to-performance ratio. ASICs also consume much less power than GPU-based machines, but they don't give miners the option to play the most demanding PC games. Being the first company to get this new technology into customers' hands is big...

Full article: http://www.theverge.com/2013/2/1/3941768/new-chips-mine-b...

Tweets

@valentt » 11 Feb '13, 2pm
Alat za brže rudarenje :) #bitcoin [link]
@drmattbarney » 03 Feb '13, 4pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster | The Verge [link] #bitcoin #fiatcurrency
@Spartokos » 03 Feb '13, 2am
Un microprocesseur qui « mine » 50 fois plus vite sur #BitCoin [link] (mis au point par un américain de 23 ans, au passage)
@2045singularity » 02 Feb '13, 7pm
I am not sure what #bitcoin mining is: 23-year-old releases new chips that 'mine' Bitcoins 50 times faster [link] via @verge
@AllBTC » 02 Feb '13, 6pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster | The Verge [link] @AllBTC #bitcoin
@JosephDeFazio » 02 Feb '13, 5pm
"Being the first company to get this new technology into customers' hands is big news in the Bitcoin community" - [link]
@tgsmith » 02 Feb '13, 12am
RT @BitCoinReporter: 23-year-old releases new chips that 'mine' Bitcoins 50 times faster - The Verge [link] #bitcoin
@BitCoinReporter » 02 Feb '13, 12am
23-year-old releases new chips that 'mine' Bitcoins 50 times faster - The Verge [link] #bitcoin
@vonWolfehaus » 01 Feb '13, 11pm
The "mining" aspect of BitCoin is a flawed concept. People build hardware specifically for it? Christ. [link]
@hahnfeld » 01 Feb '13, 11pm
Bitcoin Miner would be a pretty badass title on a business card. [link]
@mondomedeusah » 01 Feb '13, 11pm
#tech 23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin... [link]
@siaxcomputing » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner... [link]
@injvstice » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miners... [link]
@INNOCENTGEE » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner... [link]
@ConsultMedia » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner... [link]
@OnEyre » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner... [link]
@jheleringer » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner... [link]
@zunigart » 01 Feb '13, 11pm
23-year-old releases new chips that 'mine' Bitcoins 50 times faster: There's an entire industry of Bitcoin miner... [link]