The makers of the most powerful miner in the world can't even satisfy the insatiable demand for their product, because they would probably ruin Bitcoin if they did:

The makers of the most powerful miner in the world can't even satisfy the insatiable demand for their product, because they would probably ruin Bitcoin if they did.

Here's the problem: Bitcoins are mined by computers solving math problems. More technically, they unlock blocks of encrypted hashes, or numbers. As more of these blocks are unlocked, it requires exponentially more power - literally, electricity - to mine one single Bitcoin, because you need to run your machine continuously to do so.

But Bitcoins were designed so that as more Bitcoin was mined and created, the encryptions would get more difficult. In other words, it would require more time and power to mine a single coin.

If you were "crazy" enough to get in on Bitcoin in its infancy, say around 2009, you got a great deal, because you could mine a lot of Bitcoin in a matter of hours just by using your desktop CPU. But if you only started reading about Bitcoin in the last couple of weeks, it would now take you three days to mine a single Bitcoin just on the Jupiter (on a more average miner it could take up to two months), since the number of miners has now proliferated.

And the advent of the Jupiter by KnCMiner, which runs on a 28 nanometer chip that requires 40% less electricity than the previous generation of chips, have made it impossible for older mining units to compete.

The situation is complicated by what you might call the mega-miner problem. When a Bitcoin is mined, other users must confirm that a block was successfully unlocked. But in theory, a dedicated army of miners could take control of the entire Bitcoin network and only tell themselves about new successful decryptions.

It would be extremely difficult to do this, as it would require an incredible amount of computing power. But KnC is dedicated to spreading the Bitcoin gospel and has refrained from attempting such a cornering even if they could. They don't even mine their own coins.