27 Aug '16, 4pm

Bitmain’s R4 to Bring an In-Home Experience to Bitcoin Mining https://t.co/ZVdNWAROuz

To keep pace with growing difficulty, miners like Artforz built large GPU mining farms, which made up a sizable portion of the network’s hashrate. Then, as time passed, Application-Specific Integrated Circuits (ASIC) hit the market and proliferated throughout the bitcoin mining world. Industrial miners, taking advantage of their economies of scale, bought ASIC miners in droves, making difficulty rise to the point where home mining became too expensive to be worthwhile.

Full article: https://news.bitcoin.com/bitmains-r4-bring-home-experience/

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via @CoinDesk

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