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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."

2 of 320 comments (clear)

  1. Um? by The+Grim+Reefer · · Score: 5, Interesting

    If mining Bitcoins was so profitable why would they want to sell the chips? Wouldn't they be better off keeping these chips and mining the Bitcoins for themselves?

  2. Re:Remember the Gold Rush lesson by ArcadeMan · · Score: 5, Interesting

    What you just said is a quote from Mark Twain: "When everyone is looking for gold, it's a good time to be in the pick and shovel business."

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