BREAKING NEWS:http://bitcoinmagazine.com/working-a...sic-confirmed/Jeff Garzik has just received the first ASIC mining computer to hit the consumer market, and has confirmed on Bitcoin IRC that the machine functions as expected.
68GH per second! ASIC refers to the new IC technology, a chip specifically designed to mine bitcoin at a rate approximately 20 times faster than the previous generation FPGA chips. What does this mean? It means Jeff's ASIC miner will earn over $200 per day; the box will pay for itself in about a week. With 2 companies (Avalon & BFL) putting up big money for a custom chip-run, it means bitcoin is becoming mainstream - a serious currency - a real alternative to central bank fiat-fraud debt-as-money (a/k/a FEDERAL RESERVE notes).
Before you get $ signs in your eyes ... realize that Avalon is producing only small batches of a few hundred units and the first batch sold out in 20 minutes. Butterfly Labs appears poised to ship in larger quantities, but they haven't received chip yets; if you order a BFL ASIC unit today it will likely ship about May when difficulty will likely be much higher (smaller profit), and who knows where the value of bitcoin will be. One Bitcoin currently trades for about $20 USD.
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