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Butterfly Labs Announces Bulk ASIC Chip Sales for Bitcoin Mining

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Following Avalon’s announcement of bulk ASIC chip sales in April, Butterfly Labs (BFL) has announced they will be doing the same. ASIC chips are the customized component that performs hashes in bitcoin mining. Previously, all BFL preorders were ASIC chips already installed on boards and ready to be used immediately. This is a new product category in addition to their previous miners and will require designing boards to set the ASIC chips in. BFL estimates a 100 day lead time, with pricing is as follows: Grade A …

Jun 3, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Avalon, BFL, Bitcoin Mining, Butterfly Labs, GH Comments 2

What is Bitcoin Mining?

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. This is an introduction to the concept of bitcoin mining – the process of verifying transactions on the bitcoin network. I wanted to publish the first series of posts about the current Bitcoin mining environment, but that seems like it would be fairly challenging to do without first doing an overview of what mining is. I’ll try and keep this as short as possible, but it’s definitely the most complex aspect of the bitcoin system. This is the second part in a 4 part series …