The CoinDesk Mining Roundup: Alydian, Dogecoin and Cloud Mining
Cryptocurrency mining for fun and profit is always better with the latest and greatest information. With that in mind, CoinDesk's regular round-up details some of the most interesting events going on in the mining world in recent days - including an intriguing dogecoin announcement. So, let's explore some of the happenings since the last round-up. Mining heads to the cloud. Rackmount Servers. Image: Shutterstock. As bitcoin mining difficulty continues to rise, big-time miners are looking for a leg-up on the competition. If that's you, you might want to check out this article by Data Center....
Related News
Bitcoin's breakthrough from a rather stagnant price has certainly made miners happy as of late. It might even entice the masses to splurge on a mining unit or two. Such an occurrence would certainly help the network as a whole. The recent meeting of minds between Chinese mining hardware suppliers brings back to the fore just how centralized mining continues to be. And while closed-door events like this are happening, the public must contend with the possibility that personal computers can be afflicted with mining malware - that's not positive for the cryptocurrency industry. With that in....
CoinLab's first incubator company Alydian has filed for bankruptcy after only launching three months ago. The company, which enables people to mine bitcoins without having to operate their own mining equipment, filed for Chapter 11 protection in US bankruptcy court in Seattle on Friday, according to the Wall Street Journal. The bankruptcy petition, which was signed by CoinLab CEO Peter Vessenes, states that Alydian has less than $50,000 in assets. Also, the company owes $600,000 to CoinLab, $3m to New Zealand's XRay Holdings LLC and $40,000 to Vessenes. Alydian. Back in early August,....
Still waiting for that BFL MiniRig? In a little under a week, serious miners will be able to host Terahashes of ASIC mining power from Oregon-based Alydian - but only in large quantities. The Californian company is preparing to host ASIC mining equipment for its customers, using yearly contracts. Its launch day pricing was $65,000 per Terahash, and mining hosting contracts are only available in 5 and 10 Th/sec blocks. So, if you're thinking of running a miner in your basement, you are not its target market. Alydian will be going after institutional-level investors that want to move large....
Enterprise-scale bitcoin mining company Alydian, the CoinLab-backed company that filed for bankruptcy in November, has revealed that it will sell its bitcoin mining systems in the runup to its eventual shutdown. The Seattle-based company has since settled with all of its creditors, and the sale marks the end for what was CoinLab's first startup launched in August of last year. Alydian director of engineering, Robert Batten, indicated that the company is now accepting bids for three mining systems with a combined 218TH/s output, for $5,000/TH to interested buyers. Batten said that though....
A bit of good news came from FinCEN recently, when it ruled that cloud mining services do not have to register as money transmitters. This is good news for consumers who wish to stay out of purchasing mining equipment for themselves and merely rent hashing power in some remote data centre - especially given the struggles that some manufacturers are having. On that subject, as the ASIC mining market is still in its early stages, it has created an environment where many vendors struggle with shipping on time. Logistical issues stemming from the creation of a new industry practically....