upgrade 25%. Guo Yifu is currently the main rival Butterfly Labs

Beijing on February 4th news, according to foreign media reports, "virtual currency bitcoin" (bitcoin) method to obtain the current only has two kinds: one is to do "Nuggets", that their use of computer production virtual currency, two is to do business acquisition. The 23 year old America Brooklyn young Guo Yifu (Yifu Guo, transliteration) is to subvert the traditional "manual" bitcoins production industry, because he launched the first of the new digital asic. The custom chips can only do one thing: the production of virtual currency.

Digital ASIC design of Guo Yifu called Avalon V1, its virtual currency production speed is 50 times the current most advanced production equipment, it can provide a more attractive price. Compared with the CPU based device, integrated circuit to lower power consumption. But Avalon V1 is not able to play any games for PC.

In the currency industry, becoming the first to provide the new technology to the consumer, is definitely a big news. In the industry, the early "mining" has been to obtain the current virtual profit share of the vast majority of. The currency fund (Bitcoin Foundation) is expected, in the everyday price change of bitcoins market, this set of digital ASIC every day Guo Yifu will get $200 to $300 in revenue. But with the increase in the number of this set of digital ASIC, "mining" becomes more difficult, so the income will also decline. "Mining" becomes difficult, in order to prevent the currency inflation.

Guo Yifu said, the first order Avalon V1 will this month delivery to users. He is expected to, the next batch of orders will be in March 5th began shortly after delivery. At present, the second batch of Avalon V1 for $1499. The company also provides $499 upgrade module, can make the existing Avalon V1 mining capacity upgrade 25%. Guo Yifu is currently the main rival Butterfly Labs, also plans at the end of this month launched integrated telephone her. Because the chip assembly problems, leading to Butterfly Labs delivery time delay.

23 year olds to subvert the bitcoin manufacturing equipment make $300 a day

The related machines

Notes.

Virtual currency bitcoin is one form of P2P. Point-to-point transmission means a decentralized payment system. Bitcoin not rely on Issuing specific monetary institutions, it through a large amount of calculation of a specific algorithm, bitcoin economy use distributed database composed of many nodes in the P2P network to identify and record all trading activity. P2P to the center of the characteristics and the algorithm itself can ensure that cannot be manufactured by bitcoin mass manipulated currency. Based on the cryptography design can make bitcoins can only be true ownership transfer or payment. It also ensures that the anonymity of the ownership and the transaction currency circulation.

The currency and other virtual currency is different, its total quantity is very limited, with the scarcity of strong. The monetary system in the first 4 years of no more than 10500000, the total number will be permanently limited in 21000000. At one point, you can use the computer to produce coins. At present, the currency exchange rate against the dollar at about 13.