ASICs Wanted: The BM1387 and the Hardware Designed for Cryptocurrency Mining

Cryptocurrencies have been in and out of the news for a while now. Because “mining” is the only source of new cryptocurrency units, complex ASIC devices such as the BM1387 have been created to aid in the mining process. Here’s a look at one of the ASICs that aims to make mining faster and more effective, the BM1387.

Mining a cryptocurrency like Bitcoin is, at its core, a guessing game. It is a process of solving hash problems, which is complex and must be done at scale. Therefore, it’s imperative for Bitcoin miners to be able to simultaneously try different guesses when solving hash problems so that the time to solve can be reduced.

While multi-core CPUs can be good at this, they are limited to the number of cores that they contain (for example, a four core CPU can check a maximum of four hashes simultaneously). However, solving hash problems is very specific and can easily be done using a GPU. Since GPUs contain many individual processing cores, the hash rate from a GPU is often…