CoinTerra Ships 5000th TerraMiner, Offers 20% Discount

CoinTerra Ships 5000th TerraMiner, Offers 20% Discount
Texas-based mining hardware manufacturer CoinTerra has managed to ship its 5,000th TerraMiner just ten weeks after launching full-scale production. The hardware manufacturer shipped the 1,000th unit in late February. At the time, CoinTerra said its kit …
Read more on CoinDesk

CoinTerra acquires Bits of Proof and welcomes founder Tamas Blummer as Vice
Through the acquisition, Bits of Proof CEO Tamas Blummer joins CoinTerra as Vice President of Enterprise Software and CoinTerra gains access to Bits of Proof's assets including its modern and modular, enterprise ready implementation of the Bitcoin …
Read more on PR Newswire (press release)

Austin bitcoin computer maker collects nearly M financing
CoinTerra, which launched in August 2013, develops what the company calls high-performance “bitcoin application specific integrated circuits and systems.” Bitcoins are a digital currency, or crytptocurrency, based on an open-source protocol. The …
Read more on Austin Business Journal (blog)

Butterfly Labs Asset Seizure Spurs On Mining Industry Competition

Butterfly Labs Asset Seizure Spurs On Mining Industry Competition
Amid the FTC injunction of Butterfly Labs additional insight was gleaned about the operations of the company. Butterfly Labs (BFL) sells high-performance computers that are designed solely for mining Bitcoin. BFL operated primarily on a pre-order basis …
Read more on Bitcoin Magazine

Spencer Fane's final Butterfly Labs bill will remain under seal
A federal judge has ordered that the costs associated with sending Butterfly Labs into receivership should remain under seal. Spencer Fane Britt & Browne LLP was named temporary receiver for Butterfly after the FTC filed suit against the company in …
Read more on Kansas City Business Journal

CoinTerra™ announces the world's first 16nm ASIC based Bitcoin Miner – the

CoinTerra™ announces the world's first 16nm ASIC based Bitcoin Miner – the
AUSTIN, Texas, Sept. 18, 2014 /PRNewswire-USNewswire/ — CoinTerra, the market leader in Bitcoin mining solutions today announced their next generation Bitcoin Miner – the AIRE Miner™. At an expected performance per watt of 5x the current generation …
Read more on PR Newswire (press release)

CoinTerra Is Now Offering Bitcoin Mining Contracts Out Of Their State-Of-The
CoinTerra today announced the immediate deployment of their state-of-the-art tier-3 compliant datacenter. From this data center, CoinTerra plans to offer Bitcoin mining contracts to individuals around the world whom are unable to mine in their own …
Read more on CryptoCoinsNews

CoinTerra™ breaks GH/s barrier with next-generation Bitcoin mining contracts
This extremely competitive pricing is made possible through the expected introduction of CoinTerra's next generation Bitcoin mining hardware: the AIREMiner™ which will utilize CoinTerra's highly scalable TruePeta™ architecture for high performance …
Read more on PR Newswire (press release)

The CoinDesk Mining Roundup: Mineral Oil, Bitmain and Scrypt-N

Raspberry Pi Bitcoin Mining – AntMiner U2 Bottom
AntMiner
Image by ghalfacree
A series of images taken to illustrate a tutorial on Bitcoin mining with the Raspberry Pi, using an AntMiner U2.

The CoinDesk Mining Roundup: Mineral Oil, Bitmain and Scrypt-N
Last week, there were 1,145 blocks rewarded to miners, according to the Neighbourhood Pool Watch. Based on the recent price of BTC times the 25 coin reward, that's more than $ 12m. At bitcoin's current price and network difficulty, the network is …
Read more on CoinDesk

The Best Bitcoin Miner
With new companies bringing out their own innovative hardware, finding the best bitcoin miner for you can be quite a bother. This list will feature some of the best bitcoin miners currently available!
Read more on BitPost

Latest ROCKMINER News

Harry Reid's complicated legacy
Owing to a fabled American journey from his family's spartan rock miner's cabin to the summit of Washington power, Reid enjoys huge credibility among liberals and deep loyalty among Senate Democrats. Indisputably one of the towering political figures …
Read more on CNN

Locals weigh in on Sen. Harry Reid's decision to retire
“The son of a hard-rock miner in Searchlight, Nevada, Senator Reid brought to our nation's Capitol an independent spirit that is uniquely Nevadan, honed through many years of local and state public service. Whether in Carson City or Washington, D.C …
Read more on Elko Daily Free Press

Bitcoin ASIC Miner Company Rockminer and Its Community Success

Bitcoin ASIC Miner Company Rockminer and Its Community Success
Rockminer is a community success story in the manufacturing area of Bitcoin ASIC miners. I had recently reviewed the R-Box ASIC miners from Rockminer and not only did I like the miner, I found that the community supports them robustly. With Rockminer …
Read more on CryptoCoinsNews

Sierra history: Big risk, big money came with Comstock mining
These wildly productive mines gave birth to a densely populated, industrialized city of about 25,000 people, but the life of a typical hard-rock miner in Virginia City was not all oysters and champagne. In fact, most of the men who rode the shaft …
Read more on Tahoe Daily Tribune

Enjoying life, but not jokes, about Sudbury
Instead of admitting I was from Sudbury, where I was born and lived for my first 11 years, the daughter of a hard-rock miner, it sounded more exotic to say Manitoulin Island was my home because I lived there in my teen years. Several decades after …
Read more on Lakeshore Advance

Latest ButterflyLabs News

FTC to flog Butterfly Labs' Bitcoin holdings
The US Federal Trade Commission has stuck another pin through Butterfly Labs, obtaining a court order that the company hand over any Bitcoins it had mined for itself. The company had promised potential customers that its US$ 29,000-plus servers would …
Read more on Register

Spondoolies-Tech to Merge With Bitcoin Shop in Mining Market Shake-Up
Allen indicated his belief that Spondoolies was the best option among a limited number of mid-sized participants in the bitcoin mining hardware manufacturing space, noting the recent struggles experienced by US firms Butterfly Labs and Cointerra.
Read more on CoinDesk

Butterfly Labs Attempts to Dismiss FTC Complaint
court filing Three weeks ago, the Federal Trade Commission shut down Butterfly Labs. Butterfly Labs is a company that sells Bitcoin mining hardware. It's been accused of scamming and lying to customers time and time again. Recently, the Federal Trade …
Read more on CryptoCoinsNews

Bitcoiners descend on Overland Park Jeep dealer

OVERLAND PARK, KS (PRWEB) November 27, 2013

While many new car dealers are struggling to reach sales objectives for the year, Norman Vialle, President and owner of Overland Park Jeep Dodge Ram Chrysler is knocking it out of the park. Since word got out that his dealership would be the first to accept the increasingly popular internet currency Bitcoin, Bitcoin enthusiasts from across the nation and around the world have reached out to inquire about a new car purchase.

In fact, with six vehicles sold in the last few days, a question frequently posed in the media seems to have been answered. That is: What exactly can one buy with Bitcoin?

Vialle is not the least bit surprised by the response, saying “When you offer a form of payment that no one else is offering, you’re going to attract more buyers.”

And more buyers there are. Blockchain.info, a Bitcoin wallet provider, just announced the setup of 70,000 new users in the past week alone. Bitcoin has even caught the attention of some big players, such as billionaire Sir Richard Branson and the former chairman of the US Federal Reserve, Ben Bernake, who stated in a letter to the senate that the virtual currency “may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”

But how is Vialle shouldering the financial risk posed by the volatile nature of Bitcoin? After all, the price is currently three times what it was a month ago on the popular Bitcoin exchange Mt. Gox as recorded by BitcoinX, and could potentially drop as fast at it has risen. How can he afford to take the chance that $ 40,000 worth of Bitcoin might become $ 30,000 overnight? “That’s simple,” he says, “I don’t take the risk.”

Vialle processes Bitcoin payments through Bitpay, a Bitcoin payment processor based out of Atlanta, GA. Bitpay clears and settles the funds (in this case, into US dollars) directly to his bank account within 24 hours with no risk to the dealership, even if the Bitcoin price rises or falls within that time frame. Of course the later is less of an occurrence these days, with the price of a single Bitcoin now over $ 1000.

“The fact that I can use Bitpay to receive a settlement in dollars makes it possible for me to accept Bitcoin in the first place”, says Vialle. “If more dealers were aware of this, I’m sure they’d be accepting Bitcoin as well.”

Overland Park Jeep Dodge Ram Chrysler has been featured in the Wall Street Journal, Washington Post and Kansas City Star for their unique position in the marketplace as a retailer who accepts Bitcoin. Bitcoin has become a frequent topic of conversation in the Kansas City area, as it is also home to well-known Bitcoin mining hardware manufacturer Butterfly Labs.

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Related ButterflyLabs Press Releases

Bitcoin fuels new car sales at Overland Park Jeep

OVERLAND PARK, KS (PRWEB) December 05, 2013

‘Tis the season for car sales at Overland Park Jeep Dodge Ram Chrysler, the first business of it’s kind to accept the increasingly popular internet currency Bitcoin. Since word got out that the dealership was selling new cars for Bitcoin, Bitcoin enthusiasts from across the nation and around the world have shown an overwhelming response.

In fact, with many vehicles already purchased and no end in sight, a question frequently posed by financial experts seems to have been answered. That is: What exactly can one buy with Bitcoin?

President and owner of the dealership, Norman Vialle, is not the least bit surprised by the response, saying “When you offer a form of payment that no one else is offering, you’re going to attract more buyers.”

And more buyers there are. Blockchain.info, a Bitcoin wallet provider, recently announced the setup of 70,000 new users in one week alone. Bitcoin has even caught the attention of some big players, such as billionaire Sir Richard Branson and the former chairman of the US Federal Reserve, Ben Bernake, who stated in a letter to the Senate Committee that the virtual currency “may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”

But how is Vialle shouldering the financial risk posed by the volatile nature of Bitcoin? After all, the price is currently three times what it was a month ago on the Bitcoin exchange Mt. Gox (as recorded by BitcoinX), and could potentially drop as fast at it has risen. How can Vialle afford to take the chance that $ 40,000 worth of Bitcoin could become $ 30,000 overnight? “That’s simple,” he says, “I don’t.”

Vialle processes the Bitcoin payments through Bitpay, a Bitcoin payment processor based out of Atlanta, GA. Bitpay clears and settles the funds (in this case, into US dollars) directly to his bank account within 24 hours with no risk to the dealership, even if the Bitcoin price rises or falls within that time frame. Of course the later is less of an occurrence these days, with the price of a single Bitcoin now over $ 1000.

“The fact that I can use Bitpay to receive a settlement in dollars makes it possible for me to accept Bitcoin in the first place”, says Vialle. “If more dealers were aware of this, I’m sure they’d be accepting Bitcoin as well.”

Overland Park Jeep Dodge Ram Chrysler has been featured in the Wall Street Journal, Washington Post and Kansas City Star for their unique position in the marketplace as a retailer who accepts Bitcoin. Bitcoin has become a frequent topic of conversation in the Kansas City area, as it is also home to well-known Bitcoin mining hardware manufacturer Butterfly Labs.

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A Look at Bitcoin Shop Inc (OTCMKTS:BTCS)

A Look at Bitcoin Shop Inc (OTCMKTS:BTCS)
In recent news BTCS announced the purchase of one hundred Spondoolies S35 digital currency mining servers from Spondoolies Tech Ltd. for $ 223,500 pursuant to a purchase order agreement. $ 25, 000 of the total Purchase Price was agreed to be paid in …
Read more on MicroCap Daily

MegaBigPower Opens Buyback for Unprofitable Bitcoin Miners
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 …
Read more on CoinDesk

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