Saturday February 02, 2013

Bitcoin Mining Goes Supercharged

A 23 year old Brooklyn man has released chips that mine Bitcoins at an accelerated rate. That’s accelerated with a capital ‘A’ seeing how his creation jumped the rate 50 times faster than ever before. His invention is called the Avalon V1 and the asking price is not for the faint of heart.

Given the current Bitcoin market, where prices change everyday, the Bitcoin Foundation estimates that one of Guo's new chips will initially net buyers anywhere between $200 to $300 in Bitcoins per day