Late yesterday, Avalon announced that all customers with existing orders are eligible for a full refund. Their previous announcement last week only offered refunds to customers affected by significant delays (orders placed before June 14th), so this should come as a relief to the rest of Avalon’s customers nervous about the rapid increase in network difficulty after their orders were placed in June and July. Refund requests can be placed via Avalon’s chip refund form. The later half of the announcement provided a teaser for their second generation chip due to be released in October. First Generation Chips (110nm) Refunds …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. The full-blown bitcoin mining arms race continues, as the eASIC/ActiveMining partnership announced more details on their ASIC bitcoin miner line that tops out at 24 TH/s. ActiveMining is a publicly traded bitcoin mining company who has partnered with eASIC to develop a 28nm application specific integrated circuit (ASIC) chip. ActiveMining is the parent company of Virtual Mining Corp (VMC), which is the business entity selling mining products to consumers. To design and manufacture the chips they teamed up with eASIC, a semiconductor company that’s …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Bitfury’s resellers have begun shipping their 400 GH/s “Full Kits” to customers. After initial accounts of prototypes successfully mining on August 2nd, full production units are now ready. Over the last year Bitfury, a Russian ASIC bitcoin mining manufacturer, has been quietly developing a 55nm ASIC chip that runs around 3 GH/s. Bitfury sold bulk quantities of chips to US and EU distributors who partnered with “100 TH/s”, a publicly traded mining company, to develop fully functional units. The ASIC chips must be set …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today Cointerra released more information on their ASIC bitcoin miner product line, as well as a more competitive pricing on the 2 TH/s miner. Cointerra is led by Ravi Iyengar, who was lead CPU Architect at Samsung Corporation prior to founding Cointerra. He has recruited a robust team of specialists and advisors including their most recent announcement of Timo Hanke as their Lead Cryptographer, who brings with him 15 years of research experience in computer algebra and number theory. Application specific integrated circuits (ASIC) …

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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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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Avalon specializes in developing and selling ASIC Bitcoin Miners. ASIC chips are the customized component that performs hashes in bitcoin mining. Avalon was the first company to mass produce ASIC miners and at 65 GH/s they are significantly faster that GPU miners. Avalon pre-sold 3 batches of bitcoin miners, consisting of 300, 600 and 600 units, before deciding to sell bulk orders of chips last April. Avalon began selling batch 3 units on March 25th for 75 BTC each, projected to be 1 month’s return on …

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The Genesis Block is proud to announce the launch of the latest addition to our set of free tools available for public use: the Bitcoin Mining Dashboard. The purpose of this tool is to help members of the bitcoin community solve a common problem: selecting a mining hardware investment. The new Bitcoin Mining Dashboard gathers otherwise disparate information from around the web and consolidates it for easy comparison. Also included is a calculator to easily view your potential return for each hardware option, displayed in a monthly payout schedule. Market and hardware parameters The info for the current mining hardware …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. As TGB forecast back in May, the first shipments of Avalon’s ASIC chips have started arriving. Images were posted on BTCMan.com and the bitcointalk.org forums showing large quantities of chips arriving at a warehouse. The photographs were release by Fujian Yan Tan, a retailer of Avalon ASIC boards, who plans to resell the ASIC chips after mounting them in the boards. Low estimates for Avalon’s total shipped mining speed range from 105 TH/s to almost 1,000 TH/s. Low Estimates Are 105 TH/s, Likely Much Higher Although slightly …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Last week, TerraHash began accepting pre-orders for ASIC mining gear using Avalon ASIC chips, including complete kits with hashing speeds as high as 180 GH/s. TerraHash provides boards and assembly for Avalon ASIC chips running at 282 MH/s each. Additionally, TerraHash pre-ordered 20,000 chips – over 5.6 TH/s – for resale in their boards. Just one day after opening for orders, PayPal froze their account, presumably due to anti-fraud systems triggered by the influx of funds. As a result, only bitcoin, wire transfers and eventually …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Butterfly Labs claims they have shipped all Jalapeno 5 GH/s ASIC bitcoin miners ordered through July 3rd, 2012 have been shipped. ASIC miners are customized hardware used for bitcoin mining. Although Butterfly labs was one of the first companies to take pre-orders for ASIC hardware, Avalon and ASICMiner have been shipping for several months now. Butterfly Labs has been plagued with power issues for months, perpetually telling miners they are two weeks away from delivery. They missed their power target, forcing them to forfeit 1,000 bitcoins to charity …

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