“Taiwan Semiconductor Manufacturing Co. (2330), Advanced Micro Devices Inc. (AMD)and other companies have seen more than $200 million in sales in 2013 for computing components used to create Bitcoins, Wedbush Securities Inc. said. The virtual currency, which exists as software, is created by solving complex tasks embedded in the program through a process called mining. As their value surged, digital prospectors have rushed to create more of the digital money, boosting the market for high-powered machines, some of which cost more than $20,000 apiece. Taiwan Semiconductor, AMD and GlobalFoundries make many of the chips in these machines.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
27-year veteran detective stole $1,900 from evidence room, chief says
Lawsuit settled accusing former police officer of stalking in uniform
FBI continues to investigate Hastings for 'controversial reporting'
Silk Road Website Manager Green Pleads Guilty to 1 Drug Charge
Tradehill Bitcoin Accounts Moving to Internet Archive Credit Union
Investors Nervous: Erdogan's Witch Hunt Endangers Economy
Church of England declares war on payday loans firm
Don’t laugh - Bitcoin is making a serious point
Indian government now snooping on SMSs, online chats
Jobless Greek youth find innovative ways to make a living
Austrian children’s home charged with ‘decades’ of physical and mental abuse
After vote, China tells Taiwan to abandon independence "hallucination"
Mocking Germans Adds Irish Insult to Banking Injury
Lindsey Graham Vows: "I’m Gonna Call a Drone and We Will Kill You"
Egypt grants diplomatic immunity to military officers who led bloody 2013 crackdown