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Patrick Le Fevre
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KnC Miner to build 10 MW datacenter in The Node Pole
Patrick Le Fevre   2/7/2014 2:09:50 AM
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Considering what has been presented at the summit and comments posted by readers, I found the following information interesting to share: "Global Bitcoin mining equipment company KnC Miner is currently in full progress setting up a 10 MW datacenter in The Node Pole region, near the Arctic Circle in Sweden. The operations are to be run from Boden – a town in close vicinity to Facebook's European datacenter - in a facility previously used as a helicopter hangar for the Swedish armed forces. The datacenter is to be used for cloud services and for hosting of specialized Bitcoin mining hardware to a global client-base (source Global Security Mag)"

Patrick Le Fevre
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How to power Bitcoin processors while shortening TTM?
Patrick Le Fevre   2/7/2014 2:04:19 AM
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As one of the reader commented, Bitcoin entered an amazing race of computing-power but as well very challenging situation for all designers, from ASIC/Processors to board power designers, without mentioning the high expertize required to cool those massive computing machines! Powering, energy efficiently, such multi-computers on-chip is a real challenge as such but; considering time-to-market business critical, board power designers have no room for complexity. Here comes "digital power" which in few clicks is able to manage complex power schemes, optimizing energy utilization, lowering ripple and fully under control. In that respect, powering "Bitcoin" processor with digital POL is boosting that technology, proving that it is possible to shorten Time-To-Market while highly, and energy efficiently performing!

krisi
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Re: ASIC solutions
krisi   2/5/2014 10:56:43 AM
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Interesting Swedish company...I wonder who funds these ASIC development efforts...a new ASIC in 20nm must be few million bucks and the payoff is very uncertain...Kris

zewde yeraswork
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mining
zewde yeraswork   2/5/2014 10:39:24 AM
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Who would have thought that the internet would have anything in common with mining at this point in time....it seems the ponzi scheme keeps reinventing itsle ffo rnew generations and new technologies...this is just the last iteration but ti will keep being there as long as people's aspirations can be used to sell them on goods they don't necessarily need.

rich.pell
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Re: ASIC solutions
rich.pell   2/5/2014 9:45:09 AM
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"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."

Rather than individuals going it alone, the trend seems to be toward pooled bitcoin mining.

rich.pell
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Re: ASIC solutions
rich.pell   2/5/2014 9:39:54 AM
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"The ASIC guys will do well while the people putting money in Bitcoin will wake up one day and it is all gone."

Maybe.  And then again, maybe not.  Also it would be good to keep in mind that Bitcoin is much more than just a new asset class/commodity for speculation.  It offers promise as a new alternative global currency and/or virtually "frictionless" payment system available to anyone worldwide.

rich.pell
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Re: ASIC solutions
rich.pell   2/5/2014 9:24:08 AM
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"Like the Gold Rush, it's the merchants selling supplies to the miners who end up making the money, not the gold miners."

It's certainly true that the mining of gold was a much more speculative venture than selling mining equipment and supplies.  But many miners did make profits and some made out very well indeed.

ost0
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Re: ASIC solutions
ost0   2/5/2014 3:16:29 AM
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You can try this Swedish company at kncminer.com

They are apparently working on a 20nm version.

 

resistion
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Bitcoin popularity
resistion   2/4/2014 11:07:42 PM
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If the Bitcoin system is not trusted or well-understood, the demand won't be enough to sustain the trend.

goafrit
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Re: ASIC solutions
goafrit   2/4/2014 10:48:08 PM
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>>  But it remains to be seen whether Bitcoin can go mainstream. Meanwhile, it does bear a certain resemblance to a Ponzi scheme.

The winners will be like those selling shovels and spades during the California gold rush. The ASIC guys will do well while the people putting money in Bitcoin will wake up one day and it is all gone.

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