[2014-08-16] German Startup Says Its New Chip Halves Bitcoin Mining Energy

[austins]

http://blogs.wsj.com/digits/2014/08/15/german-startup-says-its-new-chip-halves-bitcoin-mining-energy/

A German start-up is looking for funding to produce a new high-performance microchip that it says would make bitcoin mining much less energy intensive, and thus cheaper.

This is important because ‘mining’ the cryptocurrency—essentially a process of solving complex mathematical problems —requires vast computing power and cooling systems so that the purpose-built processors, called application-specific integrated circuits [ASICs], don’t overheat.

[LiteCoinGuy]

before you post something, you should look at the other topics:

https://bitcointalk.org/index.php?topic=740951.0

[gmx95]

That could be interesting, because otherwise I think mining is not profitable enough due to energy consumptions.