Viewing entries taggd with 'asic'
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.
A small team of faculty and students at the University of Illinois has figured out a way to make ASIC bitcoin mining chips up to 30% more efficient.