Bitcoin Mining Hardware and Computer Company – Avalon Clones – Secures $3 Million in Second Round of Private Venture Funding

(PRWEB) July 22, 2013

Avalon Clones is a Bitcoin mining hardware and computer company that provides solutions to Bitcoin miners on an international level. Avalon Clones announced today that it has secured an additional $ 3 million in a second round of financing. Avalon Clones secured an initial round of $ 1.5 million in seed funding earlier in the year. The initial funding allowed the company to establish itself and achieve its initial objective of reverse engineering Avalon Batch 1 PCB boards and begin taking system pre-orders. With the company working to fill initial pre-orders, this second round of funding opens up the doors for faster delivery times and development of proprietary hardware on both 110nm and 28nm chipsets.

“Bitcoin is a triple entry bookkeeping system where a public ledger of every Bitcoin transaction is validated and distributed in real-time through the peer-to-peer Bitcoin network,” says Bitcoin.org. “Bitcoin mining is the mechanism that keeps everyone in the system synchronized together. Bitcoin miners perform this labor because miners that solve a block earn (1) any transaction fees paid by customers for faster transaction processing and (2) newly created coins. ”

With Bitcoin trading for over $ 100 per coin for most of the year, many miners have become instant millionaires. The gold rush is on for people wanting to buy a computer, plug it in, and make money 24 hours a day.

Avalon Clones is initially producing an ASIC line of products based 100% on Avalon purchased chips and Avalon’s design. Avalon Clones expects to have much more reliable performance than the rest of its competition who were essentially funded through pre-orders and lacked significant in-house computer OEM manufacturing experience.

To learn more about Avalon Clones’ world leading Bitcoin mining hardware or to pre-order your rig please visit us at http://avalonclones.com/







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 …
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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 …
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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 …
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BitFury CEO: We're Not a Bitcoin Mining Company

BitFury CEO: We're Not a Bitcoin Mining Company
BitFury has dominated VC funding in the bitcoin mining vertical in what has so far proved to be a year shaped by big fundraising announcements. At press time, BitFury accounts for 65% of all investments made in mining companies so far this year, and …
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Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling
Valery Vavilov, BitFury CEO, recently told me in a one on one interview at TNABC (The North American Bitcoin Conference) in Miami that he believes in the technology of the blockchain. He sees the infrastructure that has been built up around it as …
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Interview With BitFury CEO Valery Vavilov: New Bitcoin ASIC Chips On the Horizon
BitFury has been on a roll this year with over $ 40 million in venture capital funding, as well as the addition of Jonathan Teo and Dr. Jackson Hu to their Strategic Advisory Board. To top it all off they added President and Chief Strategy Officer for …
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Butterfly Labs Company Video


A video tour of Butterfly Labs office and production facility in Kansas. Butterfly Labs manufactures a line of high speed encryption processors for use in bitcoin mining, research, telecommunication and security applications.


Excerpt from Let’s Talk Bitcoin – Episode 34 (http://letstalkbitcoin.com/e34-bitcoin-and-the-butters)

Bitcoin Mining Company Butterfly Labs (BFL) Reopens; Starts Issuing Refunds

Bitcoin Mining Company Butterfly Labs (BFL) Reopens; Starts Issuing Refunds
ftc Infamous Bitcoin mining company Butterfly Labs (BFL) has reopened and has an updated website following their tussle with the FTC. The FTC started investigating Butterfly Labs in late 2014 because “consumers who have purchased the machines or …
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Court extends Butterfly Labs asset freeze
A new order issued by a federal court in Kansas City on Thursday has effectively extended a temporary restraining order set down earlier this month, leaving Bitcoin mining rig builder Butterfly Labs (BFL) under the control of a court-appointed receiver.
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Butterfly Labs Urges Court to Dismiss FTC's Fraud Charges
Other evidence is disputed as well, such certain customer complains, claims about the volume of BFL shipments, previous complaints filed against the company and the FTC's media claims about the company, in which Butterfly Labs was described as a …
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Startup Company Cryoniks Ramping Up Production of its 1000 GH/s Bitmining Solution – the FrostBit 1000 Cryonic After Successful Launch One Week Ago

(PRWEB) May 31, 2013

Just last week Cryoniks, Inc. unveiled publically the world’s first on-board liquid nitrogen cooled Bitcoin mining solution available to consumers. The company said they saw over 100 orders on the company website site (Cryoniks.com) the first 24 hours after the news of their bit mining powerhouse went public.

It’s no Fluxcapcitor, the FrostBit™ 1000 Cryonic Bitmining Solution only requires 2800W max peak power to run. The solution was built from the ground up using a custom engineered ASIC+ Cryonic Architecture™, allowing the system to run at speeds of 1000 Giga-Hashes per second while running cool and quiet inside its futuristic looking casing.

The speed and efficiency is a leap in engineering, and although this week has seen a lot of positive praise, there is a good share of skepticism on the technology. “1000 GH/S for $ 15,000, at the current difficulty I’d buy one if it were real” reads one user comment on TechCrunch.com. In order to dispel the skeptics, Cryoniks has agreed to send out 12 units to various news outlets, including TechCrunch, to prove to the skeptics that their machine is truly a next-generation powerhouse, prior to their official release this July. “We have spent over a year building the FrostBit™ platform and we will send out some units to the media as well as head to San Francisco this June to demo our tech. We will be broadcasting live on the web and will invite the media to join us as we bring online our next-generation cryonic PC” says Mr. Chris Whiting – Lead Project Developer Cryoniks, Inc.

“Bitcoins is similar to the gold rush. You have people that will go out and pan for gold, and you have those that make the equipment like pans and jeans to sell to the gold miners. ” replies Chris Whiting

when asked, why they do not mine their own Bitcoins.

Now accepting pre-orders, with expected deliverly mid July, the FrostBit™ 1000 Cryonic Bitmining Solution is a must-have for the serious Bitcoin miner or Bitminer wanting bleeding-edge technology, minimal running expenses and a futuristic housing. Technical specs and additional information can be found on their website. Find out more by visiting the official site at https://cryoniks.com or to pre-order your very own.







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CoinTerra CEO: Company 'Frozen' Amid Lawsuits and Default

CoinTerra CEO: Company 'Frozen' Amid Lawsuits and Default
CoinTerra is in default on roughly $ 4.25m-worth of secured notes, according to Iyengar. The admission comes days after the firm became the target of a lawsuit filed by data center services provider C7 Data Centers. CoinTerra has launched a countersuit, …
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Data Center Sues CoinTerra for .4 Million in Damages
In court documents, C7 Data Centers alleges that former partner CoinTerra acted in bad faith by intentionally underpaying for services and demonstrating a pattern of late repayment. In total, C7 is seeking $ 5.4m in damages, court fees and related charges.
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Bad Week for Bitcoin Miners: C7 Data Centers Sues CoinTerra for .4 Million
NEW YORK (InsideBitcoins) — With the price of bitcoin suffering, it is apparently not a good time to be a bitcoin miner right now, with CEX.io having to pause its cloud mining, and now CoinTerra being sued by a data center operator. The Utah data …
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Leading Transportation Company Delivers Holiday Cheer in the Silicon Valley

Sunnyvale, California (PRWEB) December 19, 2014

On December 4th, Avalon Transportation Service, Irvine Company Furnished Apartments, and Be Connected USA hosted a Fashion for Charity event featuring Dress for Success San Jose. While the event was for charity, Susan Hauck with partners Christina Meyers and Cynthia Fritz made sure that the evening was a fun time for all! With savvy local vendors purveying fashion, accessories and a chance to design a personal fragrance, there were gifts and goodies for everyone. Experts were even on site to assist with shopping.

Avalon Transportation continued their holiday tradition of partnering with local businesses to benefit the community. Last year they hosted the wildly successful “Shop Till You Drop Holiday Event” in San Francisco. This year, Avalon and their partners moved the party south to Sunnyvale. The evening began with a Champagne Fountain surrounded by crystal gems and light refreshments before indulging in the bounties of Stella & Dot, CiCi Kelly Handbags, Voluptuary Cosmo Gems and Jewelry, Perfume Soiree, Heaven’s Boutique, and Cheeky Clothing and Accessories. Guests were extremely generous with charitable donations, and vendors brought in upwards of $ 10,000 in 2 hours. Guests took away an additional gift of a Satin Jewelry bag and a $ 200 Nordstrom’s gift card was auctioned off at the end of the night.

A portion of all proceeds went to benefit Dress for Success San Jose. This charitable organization helps women in disadvantaged situations find economic independence by providing professional attire and career services. Guests of the event were encouraged to bring gently used professional clothing for donation to the cause. Susan and her partners are extremely pleased with the turnout and look forward to planning next year’s event.

About Avalon Transportation Service:

Avalon Transportation Service is a car rental and leasing company located in the heart of Silicon Valley. With over 15 years of industry expertise, they assist with Auto rental or leasing (1-24 months), complimentary delivery and pickup, private airport transfers, sedans and limousines, group charters and events, or private VIP service. This Santa Clara Company also provides help for people with specific transportation needs such as its award-winning care for traveling executives, global mobility, or relocation. Avalon has 200 plus vehicles in their fleet and also offers a vehicle purchase program to allow interns, international expatriates or leasers the ability to find the right car. No credit history required.