[2014-08-16] New Bitcoin mining chip could double efficiency

[patricktim]

http://www.geek.com/chips/new-bitcoin-mining-chip-could-double-efficiency-1602179/

Bitcoins might not have any physical substance, but they can’t be conjured out of thin air either. The production of new units of the cryptocurrency is controlled by “mining,” which grants new coins to people who use computing power to perform complex mathematical operations. A German startup called ASICrising says it now has a design for a Bitcoin mining chip that is twice as efficient as previous ones. That could translate to big money for dedicated miners.