[2014-01-09] The bitcoin mining race heats up. - Bloomberg

[FCTaiChi]

http://businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up

Interesting that Bloomberg got an article out that was mostly ok for once.

One of the people they interviewed said he sometimes stuffs papers in his mining equipment to get them up to optimal temperature, though.  Worth a few laughs.

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[LiteCoinGuy]

nice article.

[johnyj]

"The most secretive of the new mining companies is Silicon Valley-based 21e6; its name refers to the scientific notation for 21 million, the maximum number of Bitcoins. According to regulatory filings, the startup raised $5 million in April to build what’s believed to be one of the fastest mining chips in the world. Among investors are the Winklevoss twins; Marc Andreessen and his venture capital firm, Andreessen Horowitz; early Tesla Motors (TSLA) backer Bill Lee; PayPal (EBAY) mafia member David Sacks; and Naval Ravikant, founder of AngelList, a social network for investors and entrepreneurs. (Bloomberg LP, the parent of this magazine, is an investor in Andreessen Horowitz.)"

[FeedbackLoop]

http://businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up

Interesting that Bloomberg got an article out that was mostly ok for once.

One of the people they interviewed said he sometimes stuffs papers in his mining equipment to get them up to optimal temperature, though.  Worth a few laughs.

KNC machines pre 0.98 or so. 

[FCTaiChi]

So..  you're saying he's right to try to keep the chips hot by suppressing the cooling system rather than running them faster?  That's a new one on me if so.