Topic: [2014-08-16] German Startup Says Its New Chip Halves Bitcoin Mining Energy (Read 762 times)
August 16, 2014, 05:53:54 PM
That could be interesting, because otherwise I think mining is not profitable enough due to energy consumptions.
August 16, 2014, 06:48:51 AM
before you post something, you should look at the other topics:
https://bitcointalksearch.org/topic/2014-08-16-wsj-german-startup-says-its-new-chip-halves-bitcoin-mining-energy-740951
https://bitcointalksearch.org/topic/2014-08-16-wsj-german-startup-says-its-new-chip-halves-bitcoin-mining-energy-740951
August 15, 2014, 10:23:38 PM
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.
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.
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