29 Jun '13, 5pm

BTCGuild Starts Selling ASICMiner USBs, Sells Out in 40 Minutes #bitcoin

BTCGuild Starts Selling ASICMiner USBs, Sells Out in 40 Minutes #bitcoin

BTCGuild, currently the second largest mining pool with 17% of the network hashpower, started selling ASICMiner’s USB Block Erupter mining devices, but announced that it sold out their 1000 units within 40 minutes of opening up shop. ASICMiner is the Bitcoin economy’s largest mining company, and is responsible for 25% of the Bitcoin network with a market capitalization of 1.44 million BTC (~$135 million USD). It differs from other mainstream mining companies, including Butterfly Labs , Avalon and even new entrants like KnCMiner in that, rather than only selling devices, the company predominantly mines its own hardware and raised its startup capital by selling shares. The company first launched with an IPO on the now-defunct Global Bitcoin Stock Exchange (GLBSE) in August 2012, and shares sold out within hours. It then immediately set to work on developing application-speci...

Full article: http://bitcoinmagazine.com/btcguild-starts-selling-asicmi...

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