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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siliconANGLE » Bitcoin Weekly 2013 September 11: Avalon Refunds ASIC

siliconANGLE » Bitcoin Weekly 2013 September 11: Avalon Refunds ASIC
As the legitimacy of Bitcoin continues to spark debates—including the odd regulatory foray and questions as to Bitcoin as money—there have been other movements in the community catching our attention lately. Firstly, Avalon has set out to refund all …
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23-year-old releases new chips that 'mine' Bitcoins 50 times faster
These ASICs are capable of mining Bitcoins at a far higher rate than is possible with common computer equipment — Guo's design, called the Avalon V1, can mine Bitcoins about 50 times faster than a high-end rig, and offers a much more attractive …
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A Guide to Bitcoin Mining: Why Someone Bought a 00 Bitcoin Miner on eBay
Ladies and gentlemen, welcome to the bitcoin gold rush. The craziest part? This wasn't an auction for a physical, working, ready-to-ship bitcoin mining machine from Avalon, which claims to be the first to develop turnkey, bitcoin-specific mining …
Read more on Motherboard (blog)

Avalon's ASIC customers offered bitcoin refunds due to delivery delays

Avalon's ASIC customers offered bitcoin refunds due to delivery delays
Avalon has retracted its no-refunds policy after announcing delayed delivery of its ASIC chips. The company said in an email update that the delays were caused by events beyond its control, but added that customers who placed their orders before 1st …
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Engineering the Bitcoin Gold Rush: An Interview with Yifu Guo, Creator of the
And quietly in the background, a company called Avalon shipped the first ASIC-based bitcoin miners, custom-built rigs with specially-designed chips for efficiently printing the market's hottest commodity, ushering in what can be considered the internet …
Read more on Motherboard (blog)

BITBITE: KnCMiner Refunds, $14M Raise, Pivot To Bitcoin Mining Operation + Why Mining Is Hard Now


Follow The Coin’s BitBite with Tina Hui: KnCMiner refunds bitcoin mining machine pre-order customers and pivots their business, raising M for their new Bitcoin mining operation in the Arctic Circle.

PLUS: Follow The Coin explains why mining bitcoin has become harder and unprofitable for individual miners.

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Is KnCMiner Finally Issuing Titan Refunds?

Is KnCMiner Finally Issuing Titan Refunds?
KnCMiner has been unable to produce quickly and ship mining equipment for some time now. After it's lengthy eight-month wait for Neptune miners, they've decided to do the right thing and stop selling mining equipment to independent miners. KnCMiner …
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KNC Class Action: Investigation into KNC Miner's Mischief
kncminer-titan-scrypt-asic-miner KNC Titan customers are starting to get exhausted from the ongoing shenanigans that KNC is playing with millions of dollars in customer funds. KNC Titan customers will be relieved to know that a class action …
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