$46k Spent on Mining Hardware: What Happened Next?
In March 2014, Dario Di Pardo wrote about his experiences having spent around $46,000 on a number of mining rigs and suffered from delays, poor communication from manufacturers, frustration and yet more delays over the five months since the investments were made. In part two of the series, he brings us up to date on his orders, and tells us which are the companies that come up with the goods and which are the ones to avoid. Vendor: Black Arrow. Product: Prospero X-3 (2 TH/s). Price including shipping: $4,978. Order date: 18th Nov, 2013. Anticipated shipping date: 24th Feb, 2014. Expected....
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Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
Bitcoin mining hardware, also known as mining rigs, are computing devices made specifically to “guess” the correct bitcoin block hash as quickly and with as little power as possible. While the earliest Bitcoin mining was conducted by standard computer CPUs, mining operators were incentivized to ...
In the two previous articles of this series, Dario Di Pardo listed the highs and lows of having spent many thousands of dollars on pre-ordered bitcoin mining hardware and then having to endure delays, poor communication and broken promises, as some of the companies failed to provide the promised equipment in time. In this last part of the series (see one and two here), Di Pardo tells CoinDesk which companies finally came good on their promises and which left him wishing he'd just spent his bucks on bitcoin. Di Pardo told CoinDesk, if he had one learned one thing from the experience, it....
Bitfury, the non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars after its latest funding round, and is backed by companies like Mike Novogratz’s Galaxy Digital.
Bitfury Going Public in European Markets
Bitfury, a cryptocurrency mining hardware manufacturer in Europe, is reportedly planning to go public in European markets. The company, which....
Austin, Texas-based CoinTerra has announced on Monday mining contracts, in a move that will see the popular mining hardware producer enter the cloud mining realm. The company, who says they've delivered over 10 petahash of bitcoin mining hardware to customers (which powers 15 percent of the bitcoin network), announced plans ranging from 200 GH/s to above 1 PH/s. The company says they're able to offer these plans below industry averages. "Many prospective Bitcoin miners don't have the space or power requirements to operate their own Bitcoin mining hardware, especially at scale. In addition,....