06 Dec '12, 8am

Bitcoin miners build their own chips - New ways to make cash from the virtual currency #chips

Bitcoin miners build their own chips - New ways to make cash from the virtual currency #chips

The virtual currency Bitcoin has lost traction recently but now those who are mining the coins have turned to custom built chips to do it. Bitcoin mostly appeared last year and promised the world that cash could change hands unfettered by any government controls. Then there were a few digital heists and Bitcoin was forgotten. However, it has been estimated that there are $130 million worth of bitcoins are still out there which are supported by a community dedicated to them. More coins are still being "mined" in a process that rewards digital gold-diggers when their software solves mathematical puzzles. Accrding to MIT Technology Review , some in that community are taking the expensive step of creating custom chips dedicated to running the software that carries out that process. Josh Zerlan, COO of Butterfly Labs, in the US, sees building the custom chips as a business oppo...

Full article: http://news.techeye.net/chips/bitcoin-miners-build-their-...

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Bitcoin miners are now brute forcing their way to millions with a new weapon -- custom microchips:

Bitcoin miners are now brute forcing their way ...

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Bitcoin

Bitcoin

bbc.co.uk 07 Dec '12, 5pm

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#bitcoin

#bitcoin

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