Tucked away in an air conditioned data center in Silicon Valley is a hodgepodge of black boxes, circuit boards and cooling fans owned by 27-year-old Aaron Jackson-Wilde, a modern-day prospector looking for Bitcoins. Since discovering the digital currency a few months ago, Jackson-Wilde has paid about $2,000 for his "rigs," which are powered by specialized computer chips. They are designed to help operate and maintain the Bitcoin network - and, in return, generate a small reward in a process known as "Bitcoin mining." A form of electronic money independent of traditional banking, Bitcoins started circulating in 2009 and have since become the most prominent of several fledgling digital currencies.
via Business News - Yahoo Finance http://finance.yahoo.com/news/chip-designers-see-dollar-signs-153246355.html
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