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].”
Read the full article here
Also in Bitcoin related news the first BitCoin ATM reached Capitol Hill
