Embedded Systems Conference
Breaking News
Comments
Newest First | Oldest First | Threaded View
<<   <   Page 4 / 5   >   >>
goafrit
User Rank
Author
Re: ASIC solutions
goafrit   2/4/2014 10:46:00 PM
NO RATINGS
>>  you have to be able to run these encryption operations very quickly if you are paying for coffee or parking with these bitcoins.

Most of the guys running these high ASICs are not just the vendors but people interested in winning the Bitcoin reward for helping to mine and organize the ecosystem of the currency.

goafrit
User Rank
Author
Re: ASIC solutions
goafrit   2/4/2014 10:44:06 PM
NO RATINGS
>> There's plenty of media hype surrounding the currency but nobody really tells you the whole story.

It is not just hype. There is a feeling that Internet needs its own type of currency and Bitcoin offers a platform for a true universal currency. The concept of net neutrality should apply to currency as nations cannot suddenly devalue their currency to hurt anyone. Bitcoin offers freedom from govt and that is the fun.

goafrit
User Rank
Author
Re: ASIC solutions
goafrit   2/4/2014 10:41:14 PM
NO RATINGS
There is a very good reward if you can mine. Say you have a machine that can crack the mine, you get about 30 bitcoins. It is a tough race as anyone that has a very good machine can actually make good money for the 30 bitcoins that are given every now and then.

Susan Rambo
User Rank
Author
Re: ASIC solutions
Susan Rambo   2/4/2014 8:52:38 PM
NO RATINGS
Like the Gold Rush, it's the merchants selling supplies to the miners who end up making the money, not the gold miners.

krisi
User Rank
Author
Re: ASIC solutions
krisi   2/4/2014 4:00:04 PM
NO RATINGS
Amazing 3-month design cycle...I have never seen anything like this for a billion transistor silicon chip

"The silicon implementation from HashFast's efficient architecture for high-performance hashing was completed in less than three months, record time for chip design"

rich.pell
User Rank
Author
Re: ASIC solutions
rich.pell   2/4/2014 3:19:25 PM
NO RATINGS
"...it does bear a certain resemblance to a Ponzi scheme."

Not really:

Bitcoin myths: It's a giant ponzi scheme

Bitcoin 101 - Why Bitcoin is Not a Ponzi Scheme

AZskibum
User Rank
Author
Re: ASIC solutions
AZskibum   2/4/2014 2:55:36 PM
NO RATINGS
It seems that the market appeal of these parallel processors & custom ASICs is similar to the appeal of ever faster network connections to the high frequency traders on Wall Street -- the race to get there microseconds before the other guy. Someone will always come forward with a faster machine, so the "miners" need to make their money quickly, before their hardware becomes obsolete. But it remains to be seen whether Bitcoin can go mainstream. Meanwhile, it does bear a certain resemblance to a Ponzi scheme.

rich.pell
User Rank
Author
Re: ASIC solutions
rich.pell   2/4/2014 2:20:41 PM
NO RATINGS
"Do you know who makes the chips inside these systems?"

Some of the FPGA-based systems used Xilinx and Altera devices:

Bitcoin: A technological and economic game changer?

As far as ASICs, one bitcoin-mining ASIC was recently developed by Uniquify for HashFast TechnologiesAnother was done by Cointerra with design partner Open Silicon.

rick merritt
User Rank
Author
Re: ASIC solutions
rick merritt   2/4/2014 12:48:37 PM
NO RATINGS
@Osto: Thanks for the wiki reference.

Do you know who makes the chips inside these systems?

I'd like to do a follow up interviewing some bitcoin silicon designers.

krisi
User Rank
Author
Re: ASIC solutions
krisi   2/4/2014 11:23:25 AM
NO RATINGS
Sure, you can always use of the shelf microprocessor or even FPGA...but it is much more efficient to use custom made ASIC for this application specifically...I think jury is out...if bitcoin maintains its popularity and appeals to every Joe, and that is a big IF...and if the US goverment doesn't kill all digital currency as they would threaten the US dollar., and that is a small if (they likely try)..then bitcoin CPU actually makes sense, you have to be able to run these encryption operations very quickly if you are paying for coffee or parking with these bitcoins...Kris

<<   <   Page 4 / 5   >   >>


Radio
NEXT UPCOMING BROADCAST
In conjunction with unveiling of EE Times’ Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. One of Silicon Valley's great contributions to the world has been the demonstration of how the application of entrepreneurship and venture capital to electronics and semiconductor hardware can create wealth with developments in semiconductors, displays, design automation, MEMS and across the breadth of hardware developments. But in recent years concerns have been raised that traditional venture capital has turned its back on hardware-related startups in favor of software and Internet applications and services. Panelists from incubators join Peter Clarke in debate.
Flash Poll
Top Comments of the Week
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
Special Video Section
Chwan-Jye Foo (C.J Foo), product marketing manager for ...
The LT®3752/LT3752-1 are current mode PWM controllers ...
LED lighting is an important feature in today’s and future ...
Active balancing of series connected battery stacks exists ...
After a four-year absence, Infineon returns to Mobile World ...
A laptop’s 65-watt adapter can be made 6 times smaller and ...
An industry network should have device and data security at ...
The LTC2975 is a four-channel PMBus Power System Manager ...
In this video, a new high speed CMOS output comparator ...
The LT8640 is a 42V, 5A synchronous step-down regulator ...
The LTC2000 high-speed DAC has low noise and excellent ...
How do you protect the load and ensure output continues to ...
General-purpose DACs have applications in instrumentation, ...
Linear Technology demonstrates its latest measurement ...
10:29
Demos from Maxim Integrated at Electronica 2014 show ...
Bosch CEO Stefan Finkbeiner shows off latest combo and ...
STMicroelectronics demoed this simple gesture control ...
Keysight shows you what signals lurk in real-time at 510MHz ...
TE Connectivity's clear-plastic, full-size model car shows ...
Why culture makes Linear Tech a winner.