23 Apr '13, 10am

Inside the Race to Build the World's Fastest Bitcoin Miner

Avalon Asics CEO Yifu Guo. Photo: Avalon There’s more than one way to make money from the Bitcoin craze, which has seen the value of the digital currency increase more than six-fold over the past few months. You can do it the old-fashioned way: buying low and selling high. But for the sophisticated digital-currency investor, there’s a whole other world of Bitcoin speculation: the Bitcoin mining rig. Like the currency itself, this strangely lucrative game is heating up — in a big way. One mining rig — available for preorder at a cost of about $1,800 in February — is now selling for more than $22,000 on eBay. And it hasn’t even shipped yet. Over the past year, a handful of companies have raced to build a new generation of computers that are specifically designed to mint digital money, and many speculators across the Bitcoin world are dying to get their hands on the latest ha...

Full article: http://www.wired.com/wiredenterprise/2013/04/bitcoin-mini...

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