Bitcoin ASIC in Chips-to-$ Race
Running hot on 84 amps
8/14/2014 05:25 PM EDT
CUPERTINO, Calif. – In eight short months, startup CoinTerra designed a 28nm ASIC that pushes the envelope in logic power density and shipped a system using four of them. Its tale is typical of the headlong race to hardware acceleration in the emerging bitcoin economy
Bitcoin is the most high profile of several emerging digital currencies founded on a set of mathematical formulas and open source software released in 2009. Its de-centralized economy is based on bitcoin mining, essentially clearing transactions that use an increasingly complex set of cryptographic puzzles based on the SHA-256 hashing algorithm.
The first bitcoin mining systems to crack the code of a puzzle get rewarded, sometimes to the tune of millions in virtual currency. Initially participants used standard PCs for bitcoin mining. But as transactions became increasingly complex the community moved to GPU and FPGA accelerators and -- since January 2013 -- to ASICs.
To read the full article, click here
Related Semiconductor IP
- HBM4 PHY IP
- Ultra-Low-Power LPDDR3/LPDDR2/DDR3L Combo Subsystem
- HBM4 Controller IP
- IPSEC AES-256-GCM (Standalone IPsec)
- Parameterizable compact BCH codec
Related News
- Bitech Technologies Reports Completion of Its FPGA design and the Launch of Its ASIC Initiatives for Bitcoin Mining
- Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Miners
- VMC uses eASIC to Achieve 24.756 TH/s Bitcoin Miner
- HashFast and Uniquify Announce Tape Out of "Golden Nonce" Bitcoin Network Transaction Verification Chip to TSMC's 28HPM Process
Latest News
- Cyient Semiconductors Acquires Majority Stake in Kinetic Technologies to Drive Custom Power IC Leadership for Edge AI and High-Performance Compute Markets
- Rivian Unveils Custom Silicon, Next-Gen Autonomy Platform, and Deep AI Integration
- NanoXplore raises €20 million from MBDA and Bpifrance to accelerate its diversification into defense and its growth in support of European strategic sovereignty
- Omni Design Technologies Appoints Hinesh Shah as Vice President of Strategic Sales
- DHRUV64: India’s First 1.0 GHz, 64-bit dual-core Microprocessor