MegaBigPower: 2014 Was a Game Changer for Bitcoin Mining
The bitcoin mining landscape was, perhaps, permanently shaped over the past year, as events both great and small made their marks on the industry. 2014 saw community uprisings against large hashrate contributors, growing amounts of capital flowing into the space, the expansion of mining into the remote corners of the planet and much, much more. MegaBigPower's Dave Carlson argues that the last year was a game changer that brought both risk and reward for those who decided to throw their hat in the mining ring. Carlson operates a bitcoin mine out of Washington state and began establishing a....
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The US-based Bitcoin mining giant MegaBigPower has announced on its official website (www.megabigpower.com) that it will launch a buyback program where unprofitable Bitcoin miners can sell their hardware. The company plans to boost its mining power by as much as 10 megawatts by buying pre-owned ASICs. Under the buyback program, the manufacturer of cutting edge mining hardware will be particularly interested in models sold by mining manufacturers Spondoolies-Tech and Bitmain. The buyback was a simple alternative for the miners who were struggling to make profits in the extremely competitive....
Industrial bitcoin mining company MegaBigPower has announced that it is starting a franchise program that could reshape the bitcoin mining network and create new pathways for industrial mines to form. The program enables individuals or companies that want to start a mine to step around a critical roadblock: mining hardware startup costs. MegaBigPower aims to provide mine operators with the know-how to begin hashing quickly, accomplishing this by providing pre-configured hardware at no upfront cost to vetted candidates who are capable of providing facilities and power. Washington-based....
MegaBigPower has announced that it will begin purchasing preowned bitcoin mining ASICs as part of a plan to acquire as much as 10 megawatts worth of hardware. Under the buyback program, the US-based bitcoin mining company will purchase certain types of hardware, with an emphasis on models sold by mining manufacturers Spondoolies-Tech and Bitmain. Founder Dave Carlson framed the program as a simpler alternative for miners looking to sell their equipment online, telling CoinDesk: "Due to our extremely low power cost, we can still return funds to miners who may have gotten in just before the....
Bitcoin mining company Aquifer LLC has filed for Chapter 11 bankruptcy protection. According to court documents obtained by CoinDesk, Aquifer, also known as AQH, LLC, filed for Chapter 11 in the US Bankruptcy Court for the Northern District of California on 19th February. The company claimed between $1m and $10m in assets, as well as between $1m and $10m in outstanding liabilities. The company has between one and 49 creditors, the filing stated. Aquifer said in court documents that it expects to have enough funds on hand to repay unsecured creditors. The filing names a number of....
Investors have been jumping into Axie Infinity (AXS) in a rush to leverage future upside. This ERC-20 token and its protocol could be the beginning of a new mania in the crypto space and a game-changer for the videogame industry. Inspired by the popular game Pokemon, Axie Infinity allows players to explore in an open-world […]