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ZeusMiner is making ASIC Scrypt miners, however it seems that the company is also interested in offering Bitcoin mining hardware as well and as a result they have announced a partnership with a well-established brand in BTC mining – Rockminer. As a result of this partnership between the two companies you can purchase the 800 GHS Rockminer T1 ASIC miner at a price of just $369 USD, a nice deal if you are looking to invest in SHA-256 mining hardware. The Rockminer T1 is rated to provide 780-840 GHS hashrate with a power usage of about 1000 Watts, do note that the miner does not come with a PSU included, so you will need to buy it separately and unfortunately this adds extra cost if you don’t yet have a powerful PSU available. Do note that ZeusMiner does ship from China, it is not yet clear if the distributors of Zeus will also be offering Rockchip miners and if the price will be as good.
– For more information about the new deal for a Rockminer T1 Bitcoin ASIC miner…
- Published in: Crypto News|Mining Hardware
- Related tags: bitcoin asic miner, BTC ASIC miner, Rockminer, Rockminer T1, Zeusminer
PayPal as one of the largest online payment processors in the world is seeing the potential that Bitcoin and crypto currencies in general have and they do want to take advantage of the Bitcoin and the technology that comes with it. So it is no wonder that PayPal is interested in supporting Bitcoin payments as well, but today there are more interesting news regarding the Bitcoin support from PayPal. Earlier this month the company has announced that businesses working with Braintree, a PayPal company, will soon be able to accept Bitcoin as a payment option through their partnership with Coinbase, a BTC payment processor. Today however came another big announcement from PayPal as the “next step in helping merchants accept Bitcoin payments”. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin. Starting today, these agreements let PayPal digital goods merchants accept Bitcoin with a simple integration through the PayPal Payments Hub. This will be available to merchants in North America first.
“To be clear, today’s news does not mean that PayPal has added Bitcoin as a currency in our digital wallet or that Bitcoin payments will be processed on our secure payments platform. PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That’s why we’re proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop.”
The reaction of the crypto currency market to this announcement has caused a spike in the prices that were keeping quite low for a few days already, we’ll see if the upwards trend continues or it will be followed by another dump of coins.
– To read the full announcement from PayPal about their new support for Bitcoin payments…
- Published in: Crypto News
- Related tags: Bitcoin (BTC), BitPay, Braintree, Coinbase, GoCoin, PayPal, PayPal Bitcoin, PayPal Payments Hub
The news agency Reuters has just reported that a U.S. court has shut down Butterfly Labs, a Missouri company, which the Federal Trade Commission (FTC) alleges for deceptively marketing Bitcoin mining hardware.
“The FTC’s complaint against Butterfly and its corporate officers alleges that the company charged consumers thousands of dollars for its bitcoin computers, called BitForce, but then failed to provide the computers until they were almost obsolete, or in many cases did not provide the computers at all.”
“Butterfly sold its computers from $149 to $29,899 based on the machines’ purported computing power. The FTC said that more than 20,000 consumers had not received the computers they purchases as of September 2013.”
At the time of writing this the Butterfly Labs’ website is still online and there is nothing official coming from the company as a response to the court ruling. We can’t say that we are surprised from this development as Butterfly Labs as one of the first makers of Bitcoin ASIC miners probably was not ready for the overwhelming user demand and a for months and years they literally failed to gt a hold of what was going on with the Bitcoin market and continued to take pre-orders of hardware that they were apparently not capable of delivering. We’ll see if other crypto currently mining hardware companies would suffer the same fate.
– To read the complete Reuters report on the court ruling for the company Butterfly Labs…
- Published in: Crypto News
- Related tags: BFL, Bitcoin ASIC miners, Bitcoin mining, Butterfly Labs, FTC