Tag: Bitcoin mining

Lights Bulbs that can Mine Bitcoins

Lights Bulbs that can Mine Bitcoins

Last week, BitFury made an interesting revelation that they are releasing a prototype of a light bulb that can mine bitcoins. This device will be marketed in 2015, as announced by the company officials. The marketing strategy still remains a blur due to being in the stage of nascence. However,…

Bitcoin Undergoing Decentralization Dilemma

Bitcoin Undergoing Decentralization Dilemma

Digital crypto currencies and especially Bitcoins are known for their decentralized setup and this is exactly what made so popular. However, from the looks of it, this is about to change! The way this world works is, mighty is the one who has access and control over the information and…

HashRabbit invested $500k in mining software solution

Hashrabbit, a startup that supplies endeavor centered programming to encourage the administration and security of bitcoin mineworkers, has raised $500,000. The financing originates from Tim’s Draper Associates alongside Vegastechfund, a venture firm run by Zappos organizer Tony Hsieh. Close by the subsidizing advertisement, Hashrabbit is making its product suite accessible…

Labs shut down by FTC

Bitcoin mining company Butterfly Labs shut down by FTC

Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint. A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission. In a…