24 Apr '13, 9am

Inside the race to build the world's fastest Bitcoin miner

Inside the race to build the world's fastest Bitcoin miner

For Bitcoin miners, the name of the game is cryptography. And the lottery ticket is a hash -- a number that represents a big bunch of data and is created via cryptographic algorithms. If one miner -- or a group of miners -- can take the transactions on the Bitcoin network and convert them into more cryptographic hashes faster than someone else, they have a better chance of winning that 25 Bitcoin payout. As Bitcoins have skyrocketed in value, the Bitcoin miners have been throwing more and more computing power onto the network.

Full article: http://www.wired.co.uk/news/archive/2013-04/24/bitcoin-mi...

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