silvervigilante.com / By SV / February 1, 2013
As Silver Vigilante wrote recently, with the number of bitcoins in production being halved due to the algorithm which controlled the production changing, the number of innovations that would come to the free market in order to balance things out again and keep the price of bitcoin from toppling out of control.Well, the price of Bitcoin has yet to be tempered, as it has been roaring ever since the halving of the production network took place. Quickly thereafter, a slew of news hit the wires regarding just how convenient, practical and sensible Bitcoin is. Even Mayor Bloomberg’s Bloomberg is having to report on the bet of the century: bitcoin – the bet on the internet.
One of the first technologies to hit the market as late aimed at helping miners produce more coins for fewer watts is the Avalon ASIC. Jeff Garzik, core developer of Bitcoin software, wanted to make sure he was one of the first to get this technology, and so he did.