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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. Bitcoins are junk... by RocketRabbit · · Score: -1, Troll

    The problem with Bitcoins is the same problem with any fiat currency. Essentially, they have no value other than the notional one which mindshare attaches to them. This makes them unattractive in the long run. Additionally, we have little assurance about their integrity, and you can bet that various world governments and private entities are working hard to break the whole system.

    I'll keep converting my carnival tickets into precious metals, and leave the bitcoins alone.

  2. and here i was by gangien · · Score: -1, Troll

    thinking all the stupid articles about bitcoin have stopped.

    You want a real currency? they're called gold and silver. They have lasted thousands of years, and will last thousands of years more, short of us figuring out a way to create them in the lab.