Custom Chips Could Be the Shovels in a Bitcoin Gold Rush

Custom Chips Could Be the Shovels in a Bitcoin Gold Rush as Enthusiasts Design ASICs to Mine the Cryptocurrency Faster | MIT Technology Review

Custom Chips Could Be the Shovels in a Bitcoin Gold Rush

The digital “crypto-currency” Bitcoin surged into the public eye last year, tantalizing enthusiasts with the promise of money unfettered by any government before falling victim to digital heists (see “Crypto-currency Security under Scrutiny ”) and short media attention spans. But $130 million worth of bitcoins are still out there, tended by a dedicated community working to expand their use. More are still being “mined” in a process that rewards digital gold-diggers when their software solves mathematical puzzles involved in verifying transactions and regulating how the currency is used (see “What Bitcoin Is, and Why It Matters ”). Now some in that community are taking the expensive step of creating custom silicon chips dedicated to running the software that carries out that process. “It’s a business opportunity, and also because we believe in Bitcoin and what it can do,” s...

Full article: http://www.technologyreview.com/news/508061/custom-chips-...

Tweets

@BFLMiner » 25 Dec '12, 10pm
#ASICS werden kommen. 2013, eine neue Generation an Bitcoin Minern [link]
@LiteBitCo » 14 Dec '12, 9pm
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] #bitcoin #ASIC #ButterflyLabs #BTCFPGA #Avalon #ASICMiner
@StanleyEpstein » 10 Dec '12, 2pm
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] #citadv
@FeuerlabsTweets » 07 Dec '12, 11pm
What if we paired Bitcoin ASICS to renewable energy sources like PV cells. Could we create an energy currency?[link]
@techreview » 07 Dec '12, 5pm
Devotees of #bitcoins are ratcheting up their technology in a race to generate new coins. By @tsimonite [link]
@ButterflyLabs » 07 Dec '12, 11am
Great article from MIT on the race to ASIC. [link]
@tguemes » 06 Dec '12, 7pm
Obsession, geek-style "Custom Chips Could Be the Shovels in a Bitcoin Gold Rush as Enthusiasts Design ASICs to Mine" [link]
@techreview » 06 Dec '12, 6pm
RT @mike_orcutt: Custom-made chips (coming soon!) will likely change the game for bitcoin miners [link] by @tsimonite
@mike_orcutt » 06 Dec '12, 6pm
Custom-made chips (coming soon!) will likely change the game for bitcoin miners [link] by @tsimonite
@nickjamespdx » 06 Dec '12, 1pm
I didn't know that WordPress had decided to accept Bitcoin. [link]
@sambeal » 06 Dec '12, 1pm
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] (via @TechReview) - This begs for a FPGA solution.
@dotbooks_verlag » 06 Dec '12, 9am
Was denn, sind #Bitcoins immer noch aktuell? [link]
@BitcoinOz » 06 Dec '12, 9am
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush Tom Simonite: The digital “crypto-currency” Bi... [link] #bitcoin
@mathewsmithfr » 06 Dec '12, 8am
There's Gold in them thar ASICs - very interesting twist in the @BitCoin saga - this is only the beginning [link] @TechReview
@bladotoni » 06 Dec '12, 7am
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] #ifttt
@Pyramining » 06 Dec '12, 4am
Be part of the #ASIC #bitcoin rush with #pyramining [link] [link]
@datumrich » 06 Dec '12, 4am
RT @OxbloodRuffin: Custom Chips Could Be the Shovels in a #Bitcoin Gold Rush [link]
@markbaseggio » 06 Dec '12, 3am
So.. can we use these things to crack hashes? [link]
@AtomicDSolution » 06 Dec '12, 3am
Custom Chips Could Be the Shovels... - [link] #wpautosocial
@avadiax » 06 Dec '12, 1am
Designing chips to mine bitcoins. [link]
@DirectPayNet » 05 Dec '12, 9pm
With the arrival of #ASICs increasing #bitcoin mining power, it could force many bitcoin miners to give up. [link] #btc
@BFLMiner » 05 Dec '12, 8pm
2013 #ButterflyLabs liefert aus [link]
@ibarroladt » 05 Dec '12, 6pm
Uno de los proyectos más impresionantes de la tecnología y cada día crece más @omarjkuri [link]
@erichippeau » 05 Dec '12, 5pm
Strange endeavor RT @tsimonite: Race to mine bitcoins drives enthusiasts to get into the chip making business [link]
@Robot_Anonymous » 05 Dec '12, 5pm
RT @GatoMalo2: Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] #gAtO✅#infosec #tor #security #cyberwar #btc #hacking #bitcoin
@RiptideTempora » 05 Dec '12, 4pm
RT @_cypherpunks_: Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link]
@mrkiji » 05 Dec '12, 4pm
Quick Spot Illo for MIT's Technology Review. Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] (via @TechReview)
@mrkiji » 05 Dec '12, 4pm
Whipped up this little spot illustration to accompany an article about developments in the Bitcoin economy for... [link]
@tsimonite » 05 Dec '12, 4pm
Race to mine bitcoins drives enthusiasts to get into the chip making business [link] tip @techmeme
@GatoMalo2 » 05 Dec '12, 4pm
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] #gAtO✅#infosec #tor #security #cyberwar #btc #hacking #bitcoin
@pheras » 05 Dec '12, 4pm
The bitcoin gold rush. So exciting. [link]
@nooface1 » 05 Dec '12, 3pm
Custom ASIC chips coming out to accelerate #bitcoin mining [link]
@MogulAzam » 05 Dec '12, 3pm
RT @jason_pontin: Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] (via @TechReview)
@ArthurSmid » 05 Dec '12, 3pm
RT @pdxcurrency: A very encouraging article about Bitcoin, alternative digital currency. MIT Tech Review [link] #BTC #bitcoin
@matthew_d_green » 05 Dec '12, 3pm
RT @WeldPond: Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link]
@Rassah » 05 Dec '12, 3pm
"Sethumadhavan, an assistant professor of CompSci at Columbia U, challenged students to design their own mining chips" [link]
@pdxcurrency » 05 Dec '12, 3pm
A very encouraging article about Bitcoin, alternative digital currency. MIT Tech Review [link] #BTC #bitcoin
@willgeneva » 05 Dec '12, 2pm
Custom Chips Could Be the Shovels in a #Bitcoin Gold Rush [link] (via @TechReview) #fb
@TheInnerCircle » 05 Dec '12, 2pm
Everybody should know this by now - The digital “crypto-currency” Bitcoin [link]
@gubatron » 05 Dec '12, 2pm
#ROFL Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link]
@NzEmery » 05 Dec '12, 1pm
RT @matslew: Facinating & comprehensible piece on the state of online #currency #Bitcoin. Will #BTC ever be relevant? [link]
@AndrewHires » 05 Dec '12, 1pm
MIT Tech Review on ASIC bitcoin mining chips. 6 month late shipping, millions $ in preorders, fear of fraud abounds. [link]
@fnietom » 05 Dec '12, 1pm
RT @BitCoinReporter: Custom Chips Could Be the Shovels in a Bitcoin Gold Rush Tom Simonite - MIT Technology Review [link] #bitcoin
@matslew » 05 Dec '12, 1pm
Facinating & comprehensible piece on the state of online #currency #Bitcoin. Will #BTC ever be relevant? [link]
@mmarboeuf » 05 Dec '12, 12pm
After the gold rush, here comes the Bitcoin rush #bitcoin #fintech [link]
@PaymentGal » 05 Dec '12, 11am
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush as Enthusiasts Design ASICs to Mine the Cryptocurrency Faster [link]
@BitCoinReporter » 05 Dec '12, 9am
MIT Technology Review: Mining Arms Race (ASICs) [link] #bitcoin
@freeusapress » 05 Dec '12, 9am
RT @exiledsurfer: RT @jonmatonis: MIT: Custom Chips Could Be the Shovels in a #Bitcoin Gold Rush by @tsimonite [link]
@alquicarlos » 05 Dec '12, 8am
Custom Chips Could Be the Shovels in a Bitcoin Gold Rush [link] (via @TechReview)
@bitmexc » 05 Dec '12, 8am
RT @jonmatonis: MIT: Custom Chips Could Be the Shovels in a #Bitcoin Gold Rush by @tsimonite [link]