Tuesday, March 18th 2014

# BIOSTAR Ready to Launch Motherboards with Built-in ASICS – Great for Bitcoins

BIOSTAR is now readying a crypto currency (such as Bitcoin) mining motherboard, the BTC-24GH, with 64 ASICs on-board that offers 24GH/s performance which is equivalent to more than 30 ATI 7970 graphic cards. The product is now ready to ship, and BIOSTAR is planning to build up professional operation sites in specific countries. In the Bitcoin world, a "mining rig" is a computer system used for mining bitcoins or other crypto currencies. It can be built specifically for mining or it could be your everyday computer for gaming and surfing, and is used to mine only on a part-time basis.

With the rising price of Bitcoins, GPU mining can theoretically be profitable. What you need is a system that can do enormous amounts of mathematical calculations. Up till now, the best way to do this is the GPUs in graphics cards. Now there are ASICs (Application-Specific Integrated Circuit). ASICs are good at one thing only, solving mathematical hash functions. In this case, their strong hashing power and low power usage, making it very efficient to use.

With the rising price of Bitcoins, GPU mining can theoretically be profitable. What you need is a system that can do enormous amounts of mathematical calculations. Up till now, the best way to do this is the GPUs in graphics cards. Now there are ASICs (Application-Specific Integrated Circuit). ASICs are good at one thing only, solving mathematical hash functions. In this case, their strong hashing power and low power usage, making it very efficient to use.

17 CommentsonBIOSTAR Ready to Launch Motherboards with Built-in ASICS – Great for BitcoinsThere are so many variables that if you wish to inquire on a mining chip you gotta be an artist with math. Be sure to have the best ASICSs that will support all three variables on a 24/7 continuous operational standard with your local power company.

But 25 GH/s ist not enough to play in Bitcoin-Mining today. At the current difficulty you gain 12$ per week. In two or three months you make just a few dollar per week. Newest ASIC miner have a hashrate measured in TH/s

Or are miners just unearthing what amounts to 4-leaf clovers that someone (the people who have/want them) deems as valuable? Gold is valuable as yes it hard to find and folks perceive it value from it rarity and tangibility. Ok unearthing crypto-currency has to some a degree both that, but someone created the algorithm and only tangible in the world of 0’s and1’s, it all seems shaky… Mother nature controls gold and other rare minerals values. If tomorrow someone unearthed 16 cubic mile of gold, sure there goes the price. But still gold has real "uses" to make all kind of useful stuff, even if it was found in abundance. Do solving these mathematical calculations/ algorithm do anything? Are they unearthing a cure for cancer, unlocking time-travel, what is there perceived good/tangible to the world, other than wasting electricity? The unique properties of gold provide a variety of applications in electronics, engineering, and healthcare. Even if gold was in abundance people could find more uses due to it being more cost effective.

Some Leprechaun (no one absolutely knows who created this) says "find-me 4-leaf clovers" and it leads to a "Pot-of-Gold" and for some right now it’s true. But just like what predominantly was to blame for the 1929 Crash of the Stock Market, folks put their faith in “Buying on the Margin”, it probably sounded as much the "sure thing" as Bitcoin sounds today.

There's so many downsides it makes no real sense. I’ll give a couple... how does anyone know there's not going to be that "16 cubic miles" of algorithms unlocked tomorrow? What can be made from a Bitcoin, you know real things?

IDK I guess I’m looking to be sckooled... in such New World Economics.

The mathematical calculations support the system, not one person or persons. VISA has servers that process transactions saying that Alice gave Bob $10, and that Bob now has $20. Essentially this work is distributed in an open source system. The work is shared, and so too is the record. Everyone can see that Bob has $20, at least if they know Bob's address.

On the tangibility and usefulness of bitcoins, I can take this two ways. I can take it as bitcoin the system or bitcoin the currency. Bitcoin right now plays both. Bitcoin to me is for more interesting and far more valuable for its system. Bitcoin can be thought of as similar to the internets TCP but instead for a financial system. I don't feel like I have to explain this as much because it falls in line with my previous VISA Alice and Bob explanation.

I can only explain so eloquently so I will provide some links of this topic that I find very explanatory on the theory here.

http://bitcoinmagazine.com/8640/an-exploration-of-intrinsic-value-what-it-is-why-bitcoin-doesnt-have-it-and-why-bitcoin-does-have-it/

http://bitcoinmagazine.com/10702/economists-hate-bitcoin/

I hope that answered some questions you have, and I hope other knowledgeable people can hop in here and maybe give a good answer too.

I see established financial institutions (banks, investment) looking at this and trying to see if they can make money (embrace it) or kill it as a threat.

Thank for the links I'll read up.