Bankrupt Bitcoin Mining Company Alydian to Sell 218TH/s of Mining Power
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....
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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....
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,....
Washington-based and now defunct company Alydian (a CoinLab project) is seeking to take offers on 36 mining rigs in three data centers they were hoping to use in their operation before things went south. The company went out of business due to excessive debts, which is estimated to be in the neighborhood of $4 million. When bitcoin mining difficulty went up, the company found itself struggling - dealing with equipment less powerful than that of competitors. Alydian officials haven't said what they're looking to sell for, but according to the Wall Street Journal, was told that they "may be....
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....
This time last year, CEX.io and its Ghash.io were a force to be reckoned with. The company had achieved nearly 51% of Bitcoin mining, albeit not directly but through the use of a pool. While allegations never were too loudly amplified that the company would use the power to conduct 51% attacks against the Bitcoin network, many were concerned about the decentralization of mining. The company was also the target of DDoS attacks as a result of its unapologetic approach to centralizing hashing power. Over the course of this year, however, the company has dropped off in importance, at least in....