The Bitcoin mining industry exists in a very close competition; every miner must stay on the cutting edge of the technology, in order to compete and stay profitable. Any potential efficiency gain creates an instant arms race, and is nearly impossible to overlook while remaining in the game. Cryptocurrency experts and Mathematical researchers, Dr. Timo Hanke and Sergio Demián  Lerner, recently announced their new ASIC mining chip technology, called AsicBoost, that claims to improve mining performance and revenues by up to 20 percent.