Yesterday AMC announced they will be joining the ranks of ASICMiner, Avalon, Butterfly Labs, and KnC as an ASIC chip manufacturer. Two days ago Active Mining Corporation posted they had a large announcement, and would be preceding it by selling 2,000,000 shares for 0.0025 bitcoins each (totalling 5,000 BTC). As many advocates had predicted, the announcement was the preliminary results of their ASIC chip development. The self-proclamied “World’s Fastest Bitcoin Minnig Chip” will use 28nm technology estimated to run at 16 to 20 GH/s per chip. This is an estimated 70x increase over Avalon’s 280 MH/s chips that should start shipping …
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