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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-...

Tweets

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

Bitcoin miners are now brute forcing their way ...

motherboard.vice.com 06 Dec '12, 2pm

Bitcoin is thriving. Over a year after many pundits declared it dead , the virtual currency is holding its value and now b...

Custom Chips Could Be the Shovels in a Bitcoin Gold Rush

Custom Chips Could Be the Shovels in a Bitcoin ...

technologyreview.com 05 Dec '12, 5am

The digital “crypto-currency” Bitcoin surged into the public eye last year, tantalizing enthusiasts with the promise of mo...

Bitcoins join global bank network: A currency exchange that specialises in the virtual currency known as bitcoin...

Bitcoins join global bank network: A currency e...

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

7 December 2012 Last updated at 17:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print V...

Virtual currency Bitcoin registers with Europea...

guardian.co.uk 07 Dec '12, 8pm

The virtual currency Bitcoin took a step towards legitimacy today as its eurozone wing joined the ranks of PayPal and Worl...

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Bitcoin Payment and Web Hosting – Is Digital Cu...

thewhir.com 06 Dec '12, 4pm

Bitcoin payments are accepted by many merchants online, including several web hosting providers Related Topics: bitcoin pa...

Virtual currency Bitcoin registers with Europea...

guardian.co.uk 07 Dec '12, 7pm

The virtual currency Bitcoin took a step towards legitimacy today as its eurozone wing joined the ranks of PayPal and Worl...

Bitcoin

Bitcoin

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

7 December 2012 Last updated at 17:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print V...

Bitcoin Magazine Has New Ownership | Bitcoin Ma...

bitcoinmagazine.net 06 Dec '12, 3pm

FOR IMMEDIATE RELEASE 6 December 2012 ORLANDO – Bitcoin Magazine, the premier print and digital publication focusing on th...

Virtual currency Bitcoin registers with Europea...

guardian.co.uk 07 Dec '12, 8pm

The virtual currency Bitcoin took a step towards legitimacy today as its eurozone wing joined the ranks of PayPal and Worl...

[NEWS] Bitcoin Virtual Currency Newest Online P...

online-casinos.com 02 Dec '12, 8pm

Following something as futuristic as the virtual currency called Bitcoin seems sort of off the wall and kind of silly. Fir...

#bitcoin

#bitcoin

theatlanticwire.com 07 Dec '12, 6pm

Bitcoin, the occasionally frightening virtual currency that doesn't believe in government regulation, just got itself some...

Sorry, techno-utopians. "Why virtual currency Bitcoin can’t save the Iranian economy"

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investmentwatchblog.com 03 Dec '12, 8pm

Created in 2009 by a mysterious programmer named Satoshi Nakamoto, bitcoins behave a lot like any currency. Their value is...

Why Intel should make chips for Apple, Cisco: v...

eetimes.com 03 Dec '12, 8pm

SAN JOSE – To use Andy Grove’s well-worn phrase, Intel Corp. is at an inflection point. It’s time for the company to re-th...