Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Following last week’s report of Avalon ASICs arriving in China, the first European batch of 10,000 Avalon ASICs arrived in Switzerland today. These ASIC chips are customized components used in bitcoin mining, and require being set in PCB boards before they can be used. Each Avalon ASIC chip runs at 282 MH/s standard clock and an estimated 300 MH/s overclock. The chips will now be shipped to customers to be set in PCB boards themselves, or to companies such as Burnin who sets them in …

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Concerns surrounding global monetary policy have been a major driver of bitcoin prices, as has been made abundantly clear over the past 30 days. As worries of inflationary quantitative easing and capital restrictions placed on individuals by their governments become increasingly prevalent, global citizens are looking to store wealth in a number of places outside of their own currency. Historically, gold and other precious metals have served as the de facto alternative asset classes to protect against inflation, but the difficulty of transporting gold makes it both costly to trade in it’s true form and virtually impossible to use for …

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