ASICRising new Chip Halves Bitcoin Mining Energy
ASICRising, a German start-up is trying to find investors to produce a new high-performance microchip that it says would make bitcoin mining much cheaper and energy efficient. The process of mining is becoming increasingly expensive. While mining requires enormous amounts of energy to feed the computing power and cooling systems needed to get the hashing done, ASICRising happily says it has found a solution to this problem: an energy-efficient, low-voltage chip that together with specific software will reduce by more than half the energy needed to mine bitcoin.
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