Popular Hardware For Bitcoin Mining

Bitcoin and its mining hardware are now very popular. It has emerged as a potential internet currency. Though it is only a computer code, using this code one can purchase goods or service from another person who accepts payment in the same form. The hardware is used for producing them. Since the demand for such a system is increasing rapidly, many companies have come up with highly innovative versions of ASIC Bitcoin mining hardware. A few among them are affordable as well as efficient.

The KNC Miner Neptune is one among the most efficient systems under this category. Those who have the best hardware are assured of handsome ROI. Those who do not intend to purchase goods or service against these alternatives can trade the currency in the exchange market and reap the benefits. Those who want to do trading with it should consider liquidity of the currency, the fees to be paid for the trading, and location of the exchange. MtGOx, BTC-E, BitStam and Bitinstant are some of the well known Bitcoin exchanges. All these are online exchanges for this trading and the trader can directly transfer the currency from his Bitcoin Wallet to the exchange.

It is a relatively new type of digital currency, which is just a code. It is not owned by any government or bank. It is created by computers using specific algorithms. Software is used for creating them. Those who create them are called Miners and the process is called Mining. These people add them into their individual wallet and use them for various transactions. These coins are used for the purchase of commodities such as video games, books, etc. They are also used for payment of digital salary and for registration of the domain name.

Many companies have introduced the hardware for this purpose. Antminer 1th Bitcoin miner consists of high density chips that ensure very low power consumption. The 1th is featured by Antiminer S2. The state of the art BM 1380 chip is used in Antiminer S2. This mining hardware has a hash rate of 1000 GH/s. It has a power efficiency rate of 1.1 Watt/GH/s. Since its introduction, Antminer 1th Bitcoin Miner has been proved as the most effective IC. This IC is the most popular among those who are involved in Bitcoin trading.

Selecting a pool: In Bitcoin mining the payments are made in big chunks ant not gradually. The individual has to decide whether to mine alone or join a pool of miners. Those in a pool join forces and share the payments. There are pools that switch among different currencies based on their values. For each pool, there will be advantages as well as disadvantages. In order to find out a popular pool one has to visit a community site for Bitcoins.

At bitmainantminer best bitcoin miner hardware equipment available at affordable prices. We sell best quality vitamin antminer s2, Antminer S3 products which are easy to set up, utilizes low power and gives cost effective mining. To know more about antminer visit online.

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CoinTerra rushes 28nm ASIC to bitcoin hardware market

CoinTerra rushes 28nm ASIC to bitcoin hardware market
The emerging virtual money economy has firms racing to market with bitcoin mining chips, and in just eight months, start-up CoinTerrain developed a 28nm ASIC that pushes the envelope of power density, and shipped a system that equips four of them.
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Bitcoin-Mining: Hersteller Cointerra ist pleite
Unter anderem der stark gefallene Bitcoin-Preis hat Cointerra, einem Hersteller von Bitcoinmining-Hardware, den Todesstoß gegeben. Das texanische Unternehmen musste Insolvenz anmelden. Cointerra, ein in Texas beheimateter Hersteller von Hardware …
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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/







CEX.IO Upgrades Bitcoin Cloud Mining Hardware And Halves Costs

CEX.IO Upgrades Bitcoin Cloud Mining Hardware And Halves Costs
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 …
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Interview With KeyCoin – The Coin That's Also an Operating System
KeyCoin is today's Random Coin of the Day for its extensive development, including a full on customized version of TailsOS, the Linux distribution where Tor protects all communication. The team also has trading tools and an encrypted messaging system …
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Interview with Dogie, Master Miner and Trusted Tester For All Manufacturers
Dogie is the preeminent master miner. Manufacturers of crypto currency mining equipment send him their units for reviews and pre-production testing. His skills and hard work have helped countless in the mining community learn as well as grow. I go to …
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BF Labs, Inc. Processes $1 Million Bitcoin Merchant Transaction for Institutional Bitcoin Mining Hardware Purchase

Overland Park, KS (PRWEB) October 31, 2013

Butterfly Labs (BF Labs Inc.), the Kansas-based leader in Bitcoin Mining technology, has announced that it has processed a payment of One Million dollars in Bitcoin through Bitpay – the largest single transaction ever executed by a Bitcoin payment processor.

These funds represent a down-payment on a multi-million dollar order from HashTrade, a sister company of one of Butterfly Labs’ largest existing customers. The multi-PetaHash order is for Butterfly’s innovative 28nm Monarch card, and these initial funds will be used to enable production of products which the company will begin delivering in December 2013.

“We’re pleased to be the preferred hardware supplier for HashTrade,” said Jeff Ownby, VP of Marketing for Butterfly Labs. “Our Monarch cards have been designed for easy deployment in large scale Bitcoin mining operations. The PCI form factor allows operators great flexibility using only common, off the shelf cases & power supplies. In high performance mode, significant performance beyond published figures can be realized. Then, should power conservation be the greater operational need, cards can be run in their efficiency mode with an almost halving of power consumption per unit of work performed.”

This is a major endorsement of Butterfly Labs’ technology and ability to deliver, from one of the industry’s most significant players.”Butterfly’s technology is robust and reliable and our relationship is very strong,” said Greg Bachrach, Co-Founder and CEO of HashTrade. “Having worked with their equipment now for some time, we are confident of Butterfly Labs’ ability to deliver based on their multi-generational experience designing, producing and delivering high performance mining equipment. Because of this we feel that Butterfly Labs is one of the only institutional hardware vendors uniquely positioned to deliver exactly what they advertise.”

About Butterfly Labs

Butterfly Labs (BF Labs, Inc) is a Kansas-based manufacturer of hardware used for securing online transactions in the Bitcoin and other networks. Visit http://www.butterflylabs.com

Contact

Jeff Ownby

708-601-4170

jeff(at)butterflylabs(dot)com

About Hashtrade

HashTrade is a premier data processing organization enabling all individuals to benefit from mining Bitcoins without having to purchase or operate any hardware. HashTrade will soon be offering hashing contracts to the public so anyone interested in profiting from Bitcoin mining will be able to do so in a simple and friendly way. Visit http://www.hashtrade.com

About BitPay

BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies. Visit https://bitpay.com.

Contact

Jan Jahosky

407-331-4699

jan(at)bitpay(dot)com







HEX Mining Joins The Bitcoin Miner Hardware Industry Armed with GigaHash & TeraHash ASIC Mining Machines

Orange County, CA (PRWEB) February 20, 2014

HEX Mining (http://www.hexmining.com) officially launches its new line of Avalon ASIC Bitcoin Miners to the cryptocurrency industry. The news surrounding the digital currency has provided additional support to the Bitcoin Industry. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.

The excitement & commitment to Bitcoin’s success is prevalent, as many successful companies begin to accept the crytocurrency; such as the first major electronics retailer; TigerDirect, Overstock.com, the San Francisco-based social gamer maker; Zynga, Las Vegas’ D casino & Golden Gate for rooms, food and drinks and the Sacramento Kings; as the first professional sports franchise to accept Bitcoin virtual currency.

Bitcoin Mining is the process of using special software to solve math problems and then are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. Bitcoin miners help keep the Bitcoin network secure by approving transactions Mining is an important and integral part of Bitcoin, that ensures fairness, while keeping the Bitcoin network stable, safe and secure.

Mining equipment plays a very important roll in the process. The faster the mining hardware can process, the faster the Bitcoins are issued. This puts allot of pressure on computer hardware manufacturers in being able to produce the fastest processing chip possible, as well as keeping up with evolution. Bitcoin miners have used various types of hardware over time ranging from CPU, GPU & FPGA hardware to currently mining with an application-specific integrated circuit, or better know as the ASIC microchip.

There are only a few sources available where you can find ASIC mining hardware and one of them is through HEX Mining. Some of the challenges being seen today are that resellers are not able to keep up with the incredible demand for mining hardware.

The HEX Mining ASIC Bitcoin Miners come in the following speeds:

230 GH/s (http://www.hexmining.com/products/details/10/hex-mining-230-ghs-asic-miner-10-running-variance)
1 TH/s (http://www.hexmining.com/products/details/12/hex-mining-1-ths-asic-miner-10-running-variance)

About HEX Mining

HEX Mining (http://www.hexmining.com/) is quickly becoming known as the industry leader by their transparent nature. HEX Mining is a manufacturer and supplier of Bitcoin mining hardware and services. They have offices in the United States and China along with an organization of the top producers of ASIC Chips and Bitcoin Miner related hardware.

Today HEX Mining has both Bitcoin hardware and managed Bitcoin hardware solutions. Products come in both GigaHash and TeraHash processing speeds. As the industry gets more competitive they will continue to secure the right relationships to keep in line with evolution of the cryptocurrency industry. Currently the demand is extremely intense and the pressure is on the manufacturers and distributors to deliver the goods. And that’s exactly what HEX has set out to accomplish.

The HEX Miner 230 GigaHash ASIC Miners are currently in stock and their TeraHash products and services are currently in a pre-order stage and they plan on delivering in April 2014. HEX Mining accepts payments in the form of checks, wire transfers, and of course Bitcoins.

HEX Mining is also proud to be an Escrow.com seller, which arms consumers with confidence during their transactions.

HEX Mining

webmaster(at)hexmining(dot)com

Phone: (877) 804-7671

Website: http://www.hexmining.com







Related Avalon Bitcoin Press Releases

ButterFly Labs Mining Cards and Bitsafe Hardware Wallet – CES 2014


NSA ties or not Bitcoin is blowing up. Are you going to fight for your coins using things like Butterfly Labs cards or are you just going to trade them using a Bitsafe type device? Or neither?

Our CES 2014 Sponsors: http://linustechtips.com/main/topic/99010-ces-2014-sponsors/

https://twitter.com/linustech
https://twitter.com/slickpc
http://www.facebook.com/LinusTech

Join our community forum: http://bit.ly/ZkLvE7

Getting started BitCoin mining using ASIC mining hardware


I recently got into crypto currency after FinalHash contacted me and offered to teach me anything I wanted to know and provide me with some ASIC miners to get comfortable with. Now I’m sharing my experience with you!

Steps to get started…
1) Create account on Coinbase @ http://bit.ly/BarnCoinBase
2) Create account on BitcoinAffiliateNetwork @ http://bit.ly/BitAffNet
3) Add your Coinbase wallet address to BitcoinAffiliateNetwork account
4) Create workers for your ASIC hardware on BitCoinAffiliateNetwork
5) Configure your ASIC miner through web interface to point at BitcoinAffiliateNetwork pool (see help page) and worker you created.
6) Sit back and let your hardware mine for coins!
7) If you have questions @FinalHash & @Barnacules on Twitter!
8) If you enjoyed the video and want to send me a BitCoin tip my wallet address is [13XnC1Apdr8oPHgFPps9Fi23CQVpLmXHig]

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Got GPU miners? Check out ZiftrCoin @ http://ziftrcoin.com
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Other Great BitCoin Releated Links
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4 Petahashes of World’s Most Advanced Swiss-made ASIC Bitcoin Mining Hardware Hits the Market

(PRWEB) September 12, 2013

BITMINE AG, a Switzerland-based Bitcoin miners manufacturer already well known for being one of the very few advanced bitcoin-mining hardware manufacturers in the world that actually delivered their units, officially started to collect orders for Bitcoin-mining hardware based on their groundbreaking “CoinCraft” 28-nanometer ASIC design. Since Monday September the 9th at 20:00 when pre-orders officially opened, following a pre-sale promotion in China through Bitmine’s Chinese distributer HXTOP.COM, more than 2.5 PetaHash/s worth of miners and ASIC chip lots have been ordered or reserved to the tune of 15 million US dollars. The CoinCraft miners are available in two major form factors, one called the “CoinCraft Desk” in a desktop case and configurable from 200 to 1000 GH/s at prices ranging from $ 1499 to $ 7099, and the “CoinCraft Rig” in a 19” rack mount case configurable from 500 to 2000 GH/s at prices ranging from $ 4249 to $ 14999.

Both models are based on the CoinCraft A1, the custom ASIC chip developed by Bitmine in co-operation with Innosilicon that is based on Global Foundries’ 28nm HPP process and is designed with a fully custom high speed architecture. Both power efficiency (starting at just 0.35 W/GH/s) and pricing (starting at 4.5 $ /GH) make it the most advanced solution in today’s Bitcoin mining world.

Shipping of the miners is starting from the 10th of December 2013 and all purchases will be covered by Bitmine’s Customer Protection Plan, an agreement under which the customers will get compensated with increased hashing power in case of a short delay, arise, with a complete refund option and a penalty available in case of a more significant delay.

Moreover, Bitmine AG is proud to announce to have formed a strategic partnership alliance with one of the world’s leading mining pools – 50BTC, 50BTC users will enjoy a special advanced pool configuration for their miners, performed directly at Bitmine AG’s assembly plant, and receive a dedicated support and significant discount from 50BTC, as a part of this special arrangement.