Feb 2, 2013
56 notes
23-year-old releases new chips that ‘mine’ Bitcoins 50 times faster
There’s an entire industry of Bitcoin miners out there, people that set up specialized computer rigs to run 24 hours a day to mine the digital currency. Thanks to a 23-year-old kid from Brooklyn, this cottage industry is about to change. Yifu Guo, a digital media student on hiatus from NYU-Poly, has released the first batch of ASICs, which are chips custom-built to do one thing: mine Bitcoins.

23-year-old releases new chips that ‘mine’ Bitcoins 50 times faster

There’s an entire industry of Bitcoin miners out there, people that set up specialized computer rigs to run 24 hours a day to mine the digital currency. Thanks to a 23-year-old kid from Brooklyn, this cottage industry is about to change. Yifu Guo, a digital media student on hiatus from NYU-Poly, has released the first batch of ASICs, which are chips custom-built to do one thing: mine Bitcoins.

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  3. matsm reblogged this from thisistheverge and added:
    Probably an FPGA. Anyone know?
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  10. dottiec reblogged this from kevinnuut and added:
    Little tech geniuses! Have a read at what they did :-)
  11. mcgomez reblogged this from thisistheverge
  12. mekkasdermoderne reblogged this from thisistheverge and added:
    Uh-oh, get ready for inflation
  13. manuti reblogged this from thisistheverge
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