“Mining Bitcoins is already a specialist’s game. Butterfly Labs and KnCMiner build special Bitcoin-mining hardware that they sell to individuals and groups of people who pool their money to amass lots of computers. Then there’s the Bitcoin discussion forum user known as BitFury, believed to be a self-taught chip designer from Ukraine, who ‘designed a chip at his kitchen table,’ de Castro says. ‘He’s made a huge pile of cash’ by selling machines using the chips on his website. BitFury and other first-wave Bitcoin hardware makers will face competition in 2014 from a second wave of designers, who aim to speed the mining process with special chips known as application-specific integrated circuits, or ASICs.”
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