Friedcat, the pseudonymous CEO of ASICMiner, made his first direct announcement in approximately a month last week, offering updates on product sales and upcoming hardware developments. Despite signs of progress towards upgraded hardware for the industrial mining company, investors have proven unimpressed, leaving the company’s stock price near historic lows. ASICMiner was one of the first companies in the world to reliably sell and deploy bitcoin mining ASICs, but has long since lost that market leadership – a title it is working to reclaim. Still mining with first generation 130nm ASICs, the company has announced efforts towards second and third …
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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. On May 4th, Friedcat, CEO of ASICMiner, announced the worlds first ASIC USB bitcoin miner: operating at 300 MH/s for 1.99 BTC. As he refined the hardware, he was able to increase performance to 336 MH/s before shipping in early June. The price was then lowered to 0.89 BTC on June 25th for bulk orders over 1,000 units. An organizer of previous bulk orders has announced an 8 day window to place orders for 0.175 BTC each. This order is only open to previous customersand …
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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. On May 4th, Friedcat, CEO of ASICMiner, announced the worlds first ASIC USB miner: operating at 300 MH/s for 1.99 BTC. As he refined the hardware, he was able to increase performance to 336 MH/s before shipping in early June. ASICMiner has listened to customer concerns on the forum, requesting smaller minimum order quantities and lower prices. They have lowered the price for each USB miner to 0.89 BTC on cumulative orders over 1,000 (this total includes any previous USB orders), or the option to buy …
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The bitcoin community is about to get a lot more connected – Bitcoin Conference 2013 is 2 days away. The global and decentralized nature of bitcoin inherently makes meeting in person less necessary than most business ventures. This conference will be a great way to reconnect face-to-face and see what the rest of the community is doing. Bitcoin 2013 is organized by The Bitcoin Foundation, and will be taking place May 17-19 in San Jose, California. Although there is a $300 entrance fee to attend in person, all of the presentations will be recorded and broadcast after the conference is …
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May 15, 2013
Posted
Businesses, Economics, News, Trading
Tagged Anthony Gallippi, Bitcoin Conference, CEO, Charlie Shrem, David Gzesh, legal, payment, Trace Mayer
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. A bitcoin mining company just sold more than $1,000,000 worth of hardware. ASICMiner is a publicly traded bitcoin company that both operates and sells bitcoin mining hardware. In their latest auction they successfully sold 180 ASIC mining blades for 49.99 bitcoins (BTC) each. This totals 9,000 BTC and with a current exchange rate of $117 per bitcoin, that is over $1,050,000. Each of these cards run at 10 GH/s, and require some technical sophistication to run, so they’re not for amateur miners. The record-breaking auction is the largest …
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Mt. Gox has been one of the biggest enigmas of the bitcoin community. Despite almost universal criticism, no competitors have been been able to unseat their position as the dominant bitcoin exchange. One of the latest pieces on Bitcoin news is a Reuters interview with CEO Mark Karpeles revealed some interesting insights into their operation and perspectives on bitcoin. The first question we can lay to rest is the correct pronunciation of their company – Mount Gox. Branding and Atmosphere One of the first things most viewers will notice is their use of balls as chairs in the interview. Mark …
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Apr 24, 2013
Posted
Businesses, Featured, News
Tagged Bitcoin, CEO, Disconcerting Quote, Mark Karpeles, Mount Gox
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Bitcoin mining companies have several advantages over running a mining operation yourself. The most significant one is that you don’t have to worry about setting up and maintaining mining hardware. Many of these companies have built-in plans to increase their speed as the network difficulty rises, reducing the risk of a quickly diminishing payout. Additionally, selling shares is significantly more liquid than selling mining hardware if you decide not to be in the mining business anymore. The counter-point to these advantages is that you will …
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Apr 15, 2013
Posted
Bitcoin 201, Mining, News
Tagged ASIC Miner, Avalon, bASIC Miner, Bitcoin, CEO, Cognitive, GH, GLARI, IPO, market cap, MH, Nasty Mining, Owner Share, TH
NYC bitcoin enthusiasts rejoice: you can finally spend BTC recklessly on a night out. EVR, a Manhattan restaurant and bar will begin accepting Bitcoin today. The process for customers sounds fairly seamless, so long as the bar patron has a mobile bitcoin wallet. The server simply loads a BitPay app on a tablet that converts the bill into bitcoin, then the customer uses their smartphone to scan a code on the tablet and deduct funds from their mobile wallet. Though the transactions are facilitated with bitcoin, prices will be based on USD and converted at checkout. Cheers Restaurants and bars typically operate …
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