BitCoin Mining Maybe Slowing Down and the First BitCoin ATM Comes To Capitol Hill

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Bitcoin

According to an article on Business Insider, BitCoin mining is slowing down.

From the article:

Dan Murtha, co-founder of MinerSource.net, a bulk buyer and distributor of mining hardware, KnC’s announcement is a sign Bitcoin mining rig power may be plateauing.

Still, depending on the price of Bitcoin and the size of one’s investment, it is possible to get a decent return, although there is a movement underway to start renting out computing power to customers.

But for Murtha, it’s clear there’s not much more room to go in terms of engineering ultra-small — and therefore ultra-powerful — computer chips, despite the incredible leaps Bitcoin mining engineers have made to this point. It’s not just KnC, he observes: There is also a report Intel has been experiencing delays on drilling down to 14-nanometers.

“We’re reaching the limits where we have Intel, the largest chip manufacturer with the deepest pockets — they’re now having to delay their [14 nm] Broadwell chip,” he told BI at the InsideBitcoins conference Tuesday. “If they’re not able to do 14 nanometers, I’m not sure if an ASIC [Bitcoin mining] machine can beat Intel. So I think we’re going to hit a plateau of 28 or 20 [nanometers].”

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Read the full article here

Also in Bitcoin related news the first BitCoin ATM reached Capitol Hill

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

Comments

  1. pankaj roniyar says

    Interesting, but Bitcoin is just the tip of the iceberg in the crypto-currency world. You should do a piece on an alternative coin, like Zetacoin. They are about to become one of the major mobile payment solutions around Africa, lead developers are in meetings right now to make it happen. You can get Zetacoin on most major coin exchanges Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than Bitcoin. They will be all over the news in the next few weeks! Do a research piece on Zetacoin for people who don’t know what alternative coins are, or want to get on the bandwagon before they get to $100 per coin. Right now they’re only about $0.01 each

  2. Rajesh Shrestha says

    Why Bitcoin? If you are thinking of investing go for Zetacoin, it’s going to blow up in the next few months and is x1000 cheaper than Bitcoin. The best part? ZET is x20 faster than Bitcoin and is being used as a mobile payment method right now (they have a super-fast app on Google Play). The payment app on Google Play will come pre-installed on all new smart-phone 2015/16 bought around Africa (lead developers in Kenya right now working on the small details). You can get Zetacoin via the major exchanges Cryptsy/Mintpal/Bter. Do an article about Zetacoin, I’m surprised how little PR they have!