AsOf9, your daily technology news brief is here. In today’s edition: Intel’s battle in the post PC era and other top stories.
Bitcoin Miners Are Racking Up $150,000 A Day In Power Consumption Alone: Blockchain.info, which tracks Bitcoin-related data, estimates that miners are using 1,005.59 megawatt hours of electrical consumption each day in their pursuit of new blocks of Bitcoins. That ends up costing about $150,000 in power costs each day to mine the currency. [Hat tip to Bloomberg for reporting on the data.] More here.
Intel Tries to Secure Its Footing Beyond PCs: For the last several months, Andy Bryant, the chairman of Intel, has been trying to put steel in the backs of the company’s employees. At meetings, he tells them that Intel must fundamentally change even though the computer chip maker still has what it takes to succeed in engineering and manufacturing. More here.
Europeans Reach Deal With Google on Searches: Google has for the first time agreed to legally binding changes to its search results after an antitrust investigation by European regulators into whether it abuses its dominance of online search. More here.
IPhone Outpaced in Surging India by Less Costly Rivals: Apple Inc. and Samsung Electronics Co. are being beaten in the fast-growing Indian smartphone market by a couple of aggressive local competitors. More here.
Supreme Court to decide if human genes can be patented: The US Supreme Court is about to hear arguments in a case challenging patents on breast and ovarian cancer genes. If the court upholds the company’s right to patent human genes, the course of US medical research could forever be altered. More here.
Investment Firm Expects AWS Will Hit $20 Billion In Revenues By 2020 Bernstein Research has issued a research report saying it expects AWS will have an estimated $20 billion in revenues by the end of the decade. In a separate report, RW Baird & Co. projects $10 billion in revenue for AWS by 2016 and up to $40 billion in losses from the traditional IT market. More here.