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Race To Mine Bitcoins Drives Enthusiasts Into the Chip Making Business

Posted by Soulskill on from the build-your-own-chips-to-build-your-own-currency dept.

holy_calamity writes "MIT Technology Review looks at the small companies attempting to build dedicated chips for mining Bitcoins. Several are claiming they will start selling hardware based on their chips early in 2013, with the technology expected to force many small time miners to give up. However, as happened in the CPU industry, miners may soon be caught in an expensive arms race that pushes development of faster and faster chips."

5 of 320 comments (clear)

  1. Yes but by Spy+Handler · · Score: 4, Funny

    if you can buy the hardware on credit,

    1. use the hardware to mine new BitCoins
    2. pay back the hardware vendor with your BitCoins
    3. ???

  2. Re:Um? by Anonymous Coward · · Score: 2, Funny

    You're a VB programmer, am I right?

  3. Re:Actually money is debt (sorry to sound crackpot by sg_oneill · · Score: 2, Funny

    The US treasury is not a privately held cartel lol.

    Seriously, delete the rothman lizard people conspiracy videos from your HTPC dude.

    --
    Excuse the Unicode crap in my posts. That's an apostrophe, and slashdot is busted.
  4. Re:Great by dadioflex · · Score: 4, Funny

    Remember boys and girls, in bitcoin rainbow and unicorn land, deflation is good.

    Like literally, the looneys recently celebrated the algorithm halving the new coin supply lol.

    I mean sure a recession is just another word for deflation (it really is) , but lets not sweat the details.

    Are you one of those clever spambots that assembles a comment from random words that kinda form a sentence?

  5. Re:Actually money is debt (sorry to sound crackpot by lxs · · Score: 3, Funny

    the rothman lizard people

    What? The Rothschilds and the Mothman had viable offspring? We're all DOOMED!