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1  Bitcoin / Hardware / Alydian Announces 5/10TH Systems w/ 65nm Chip on: August 07, 2013, 06:09:51 PM
Curious to hear what you guys think about this recent announcement:

August 7, 2013, PORTLAND, OR—CoinLab, the first venture-backed Bitcoin company in the U.S., officially launched its newest portfolio company, Alydian.  Alydian is the first to deliver turnkey at-scale Bitcoin mining solutions to customers.

“We are part of a transformation of Bitcoin mining,” said Hans Olsen, CEO of Alydian.  “Alydian has developed an enterprise-scale Bitcoin mining system over the past year and we are excited to announce our capabilities today. The system, based on our first generation 65 nm custom ASIC technology will enable non-technical customers to participate in terahash and petahash-scale Bitcoin mining without worry or technical expertise.  Alydian will begin at-scale operation and hosting in late August.”

Olsen, an industry semiconductor veteran and former CEO of Pixelworks, joins the CoinLab family, led by CEO, Peter Vessenes.  The two comprise a team of other accomplished and respected tech start-up experts drawn to CoinLab’s newest venture.  Alydian will serve as the first of multiple Bitcoin businesses developed internally at CoinLab.

“I am thrilled to have Hans here leading our newest venture,” said Peter Vessenes, CEO of CoinLab.  “Alydian is unique in the Bitcoin mining industry -- it was designed from the beginning to provide turnkey massive scale to customers. We’ve combined proven leadership, visionary strategy and great technologists. It’s going to be a great ride!”

Bitcoin mining turns silicon into money.  Bitcoins are algorithm-based mathematical constructs aggregated into blocks and traded on open global markets.  In order to successfully mine a block, which contains 25 bitcoins, one needs specialized computer setups constantly running the mining algorithm, a protocol designed to protect and secure the Bitcoin network.  Currently, there are roughly 11.5 bitcoins in circulation, 25 more are mined every 10 minutes, and there will be a total of 21 million bitcoins issued.  At time of press, Bitcoin traded around $105.

Alydian’s launch-day pricing was $65,000 per Terahash, a technical unit of capacity for Bitcoin miners. At time of press, each Terahash returned approximately $2,800 per day in earnings.

About Alydian
Alydian is a portfolio company of CoinLab, the first venture-backed Bitcoin company in the U.S. Alydian delivers enterprise-scale turnkey Bitcoin mining installations for qualified customers.

Send an E-Mail with ToutAlydian is hiring in our Portland office:

About CoinLab
CoinLab, the first venture-funded Bitcoin company, is a Bitcoin business incubator that builds businesses that provide fundamental infrastructure for Bitcoin. Partnerships with top-tier industry executives in the fields of hardware, finance, payments and insurance make CoinLab a global leader in revitalizing existing industries. Join the Bitcoin Revolution.

2  Bitcoin / Mining / [LTB] Discussion on Mining, ASICs, and Mining Incentives on: July 03, 2013, 08:24:03 PM
I just heard this recent podcast and thought it was relevant to this group.  LetsTalkBitcoin segment discussed the purpose of mining and if it's losing the original vision of Satoshi due to concentration of mining capacity by ASICs and large pools. 

Here's a link to the segment:
E20.2 - Mining & The Forest for the Trees - Let's Talk Bitcoin!
3  Other / Off-topic / Google launches Google Mine! on: June 22, 2013, 03:40:29 AM
Look out, looks like Google is going to start mining!  Grin

Happy Friday.
4  Economy / Computer hardware / [WTB] Avalon ASIC Chips Pre-Orders on: June 21, 2013, 08:16:10 PM
I'm looking to buy Avalon ASIC Chip pre-orders from an early group buy batch.  Please PM or reply to this thread. If this is from a Group Buy, please make sure it's OK with the Group Buy organizer to make sure it's OK with them. Thanks!
5  Bitcoin / Bitcoin Discussion / Huge Spike in Bitcoin Mining in Europe on: June 12, 2013, 10:20:42 AM
Check out this interactive graph:

Here's a screenshot:

EDIT: Embarrassingly, I didn't look that carefully and thought it was China!!
6  Bitcoin / Bitcoin Discussion / Paypal's Employee Policy on Bitcoin on: June 11, 2013, 11:51:34 PM
Saw this on reddit:

From a friend in Paypal, got this in an email today:
Clarification on Bitcoin merchants using PayPal 6/10/2013 8:58 AM (-05:00) Impacted market: EMEA
We’ve received a number of escalations regarding Bitcoin merchants using PayPal. Any merchant seeking to sell or buy Bitcoins with PayPal is operating as a financial exchange. Please be aware that Financial Exchange merchants are prohibited unless pre-approved by PayPal. This process involves getting VP approvals from both Risk and Compliance, and only licensed financial institutions are considered.
Merchant contacts
If we receive contacts on Bitcoin sales, instead of escalating further, kindly advise customers that they need to be licensed financial institutions to be considered for approval. However, there are some acceptable cases, as outlined below.
Acceptable Bitcoin business models for PayPal
Merchants with a business model that is related to Bitcoin but does not sell Bitcoins may be acceptable. For example: Merchants offering Bitcoin education packages Merchants selling computer hardware designed specifically for mining Bitcoins. In this case, kindly ensure that the merchant isn’t pre-selling and actually has the equipment ready to deliver.
Please note – All Bitcoin-related e-commerce should be considered high risk.

Any thoughts?
7  Economy / Reputation / webjoe Reputation, Feedback, and Kudos! on: June 11, 2013, 06:57:12 AM
Starting a thread topic for my reputation, feedback, and any kudos!

BTC: 1P77ekpQigu2HfiB67wNhzmMmEvZFkE2jv
8  Economy / Goods / [WTS] KNCminer Pre Order Batch 1-500 #1732 QTY 5 on: June 07, 2013, 12:15:10 AM
I have an order ID of 1732.  It's for a QTY of 5 Jupiters.

Here's a screenshot showing a Preorder 1-500 vs non 1-500:

Here's my Email screenshot:

You can read about the discussion on why a Pre-Order number of 1732 exists even though its a 1-500 batch:

Reply with best offer for transparency sake, I'll take the highest offer (if any) of the thread by midnight tonight (in abut 6 hours.
9  Bitcoin / Hardware / New Chinese Supercomputer 54.9 Petaflop on: June 06, 2013, 08:58:03 PM
Can this mine Bitcoins? If so, how many hashes could it do per second?

10  Other / Beginners & Help / [WTB] 1BTC for KNCMiner Preorder on: June 04, 2013, 05:00:23 AM
I'm interested in buying a preorder spot.  My current spot is in the 17xx range so if I'm going to take the risk to do this, I might as well do it early. 

I'm willing to spend up to 1BTC.  Give me your order # and your best price or PM me.  Thanks.
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