Bitcoin Miner Hosting Firm HashPlex Raises $400k in New Funding
This article has been updated with comment from HashPlex investor and SecondMarket CEO Barry Silbert. Bitcoin miner hosting company HashPlex has completed a $400,000 seed round led by Barry Silbert of SecondMarket and senior Facebook engineer Jason Prado. Bernie Rihn, co-founder of HashPlex, said the funding would enable his company to complete its 1MW HashCenter in central Washington, east of Wenatchee, and continue developing custom hardware and software. "HashPlex needs to move quickly while maintaining a level of great service, and this investment will help us continue to do so," he....
Related News
HashPlex is a company that specializes in hosting miner services, allowing home miners access to industry standard electricity rates in order to stay competitive. While their main focus is indeed the mining aspect of Bitcoin, the people over at HashPlex understand the importance of the Bitcoin network, which is especially seen by the debut of their new open source lightning hub. I talked to Bernard Rihn, CEO and founder, as well as Jasper Hugunin, their leading Lightning Dev, over at HashPlex regarding the Lightning Network and Hubs.
The developmental pace of bitcoin mining, both in terms of its scale and complexity, has been as fast and revolutionary as the rise of the price of the digital currency itself. From hobby computers built in basements to vast warehouses of ASICs, the mining industry has seen tremendous change in a relatively short period of time. How bitcoin mining will evolve in the years ahead remains to be seen, but one thread in the broader fabric of the industry currently is the growth of businesses that provide power and hosting services for owners of existing hardware. One such company is HashPlex,....
TLDR. We at HashPlex are building a new kind of datacenter designed from the ground up for bitcoin miners. Our prices have already set a market low at $99/kw-month, and our services and automation will set a new industry standard (we provide space, power, cooling, internet, and automated miner management). We're on track to have our first HashCenter in Q2 of 2014, and we will be opening limited availability in our interim space in a few weeks. We're accepting reservations for space in our HashCenters at https://hashplex.com. We pledge to forever remain a positive force in a vibrant,....
Lightning Network is a proposal for an off-blockchain network that would support super-fast transactions and boost Bitcoin scalability. Wednesday, miner hosting company HashPlex unveiled an alpha Lightning Network hub implementation, as developers continue to refine the layer (sometimes called layer-2) on testnets. The python Lightning implementation works with the open source Bitcoin node. Integration tests on a local network, which include three Bitcoin nodes, show that users can open a channel, close a channel, unilaterally close a channel, and send and receive money. The three nodes....
Bitcoin mining operations have become cheaper these days, as the value of the cryptocurrency has been steadily declining. On Amazon.com, bitcoin mining rigs can be bought for less than $1000 while some startup companies claim that you can be able to run a bitcoin miner for lower electricity costs. Smaller ASIC bitcoin mining machines of approximately 1000-1115 GH/s cost roughly $500-700 per unit, reflecting how smaller-scale miners can be able to have their own technologies. The Bitmain AntMiner S5 claims to be the most power-efficient Bitcoin miner currently on the market and it also....