Casualty List

[Jet Cash]

I guess we need to add Classic to that list.

[TKeenan]

Xapo should not be on that list....they are doing very well.  The person who included it misinterpreted the article they cited.  The article referenced a $40M GAIN, not a $40M LOSS!  Here is the article in question: http://www.coindesk.com/xapo-sets-40-million-fundraising-record-bitcoin-industry/

Xapo got $40M, spent it building a 'vault' that nobody wants or uses.  They did this after they failed on a debit card due to their dumb ass partner in Gibraltar who failed to tell them until the very last day that it wouldn't work for US customers.

Now that $40M is gone - the vault is totally stupid - the debit card is defunct - and the death certificate of Xapo is being written. 

$40M loss - Xapo is dead.

[TKeenan]

No.	Company	Estimated loss / Status
1)	Mt. Gox	$620 Million
2)	Bitinstant	??? unknown
3)	Silk Road	$127.4 million
4)	Bex.io	??? unknown
5)	Buttercoin	??? unknown
6)	Brawker	??? unknown
7)	GLBSE	??? unknown
8)	inputs.io	??? unknown
9)	GaW miners	??? unknown
10)	SilkRoad#2	$2.7 million
11)	Butterfly Labs	??? unknown
12)	CoinTerra	??? unknown
13)	Mining ASICS Technologies (MAT)	??? unknown
14)	Mintpal	??? unknown
15)	ASICminer	??? unknown
16)	Bitcoin24	??? unknown
17)	HashFast	??? unknown
18)	BTCT.co	??? unknown
19)	Bittrivia	??? unknown
20)	BitNetwork TV	??? unknown
21)	Bitcoinica	??? unknown
22)	Tradehill	??? unknown
23)	Instawallet	??? unknown
24)	AllCrypt	??? unknown
25)	CryptoRush	??? unknown
26)	bitlc.net	??? unknown
27)	Intersango	??? unknown
28)	bitbook.biz	??? unknown
29)	PBmining	??? unknown
30)	HashProfit	??? unknown
31)	CryptoXchange	??? unknown
32)	MyCoin	??? unknown
33)	Bitomat	??? unknown
34)	Bitp.it	??? unknown
35)	Brasil Bitcoin Market	??? unknown
36)	BTC Buy	??? unknown
37)	Btctip	??? unknown
38)	Bit-Bank	??? unknown
39)	Bitmit	??? unknown
40)	Sheep Marketplace	??? unknown
41)	hashie.co	??? unknown
42)	Moolah	??? unknown
43)	Seals with Clubs	??? unknown
44)	mcxnow	??? unknown
45)	x-bt	??? unknown
46)	Justcoin	??? unknown
47)	KCMOCOLO	??? unknown
48)	Vekja	??? unknown
49)	Bitmarket.eu	??? unknown
50)	MyBitcoin	??? unknown
51)	Bitscalper	??? unknown
52)	BS&T	??? unknown
53)	FeedZeBirds	??? unknown
54)	btcxchange.ro	??? unknown
55)	CoinEX.pw	??? unknown
56)	AMT	??? unknown
57)	HashTrade	??? unknown
58)	WBX	??? unknown
59)	Coinlenders	??? unknown
60)	Paytunia	??? unknown
61)	NeoBee	??? unknown
62)	HASRA	??? unknown
63)	MinerSource	??? unknown
64)	Alpha Technology	??? unknown
65)	Coinedup	??? unknown
66)	BitcoinMax	??? unknown
67)	Evolution Market	??? unknown
68)	The Bitcoin Show	??? unknown
69)	El Show de Bitcoin	??? unknown
70)	Le Bitcoin Show	??? unknown
71)	Ellet	??? unknown
72)	Take My Bitcoins	??? unknown
73)	Coinabul	??? unknown
74)	Bitmine	??? unknown
75)	MyBitcoinTrade	??? unknown
76)	BIPS	??? unknown
77)	LabRatMining	??? unknown
78)	BlackBankMarket	??? unknown
79)	OneWallet	??? unknown
80)	Virtex	??? unknown
81)	BitFunder	??? unknown
82)	Bitcoin Development Fund	??? unknown
83)	Netsolus	??? unknown
84)	Nimbus Mining	??? unknown
85)	Coinware	??? unknown
86)	LiquidBits	??? unknown
87)	DZ Miner Coop	??? unknown
88)	GPUMAX Technologies LLC	??? unknown
89)	Virtual Mining Corporation	??? unknown
90)	Active Mining Corporation	??? unknown
91)	BTC Mining Corporation	??? unknown
92)	Litecoin Global	??? unknown
93)	Bitcoin Rain	??? unknown
94)	EgoPay	??? unknown
95)	Coinographic	??? unknown
96)	AMHash1	??? unknown
97)	Altcoin Herald	??? unknown
98)	CryptoDouble	??? unknown
99)	Cryptomine.io	??? unknown
100)	Cryptory	??? unknown
101)	Dicebitco.in	??? unknown
102)	Dice.ninja	??? unknown
103)	Lunamine	??? unknown
104)	ShareXcoin	??? unknown
105)	BitDayTrade	??? unknown
106)	Labcoin	??? unknown
107)	Kronos.io	??? unknown
108)	Britcoin	??? unknown
109)	Bitcoinary	??? unknown
110)	Robocoin	??? unknown
111)	updown.bt	??? unknown
112)	NXT-E	??? unknown
123)	WeExchange	??? unknown
124)	BitcoinGunParts	??? unknown
125)	BitcoinForFlowers	??? unknown
126)	FastCash4Bitcoins	??? unknown
127)	CleanBit	??? unknown
128)	AurumXChange	??? unknown
129)	WMXchange	??? unknown
130)	Cam 4 BTC	??? unknown
131)	Flexcoin	??? unknown
132)	BTCZone	??? unknown
133)	Bittalk Media Ltd	??? unknown
134)	CAVirtex	??? unknown
135)	MMOExchange	??? unknown
136)	OGRR	??? unknown
137)	betsofbitco.in	??? unknown
138)	rollin.io	??? unknown
139)	Paysius	??? unknown
140)	Bitcoin2CDKey	??? unknown
141)	WalletBit	??? unknown
142)	Bitcoin Cloud Hashing	??? unknown
143)	Liquid Nitrogen Overclocking	??? unknown
144)	50btc	??? unknown
145)	Deepbit	??? unknown
146)	ZenMiner	??? unknown
147)	Aquifer	??? unknown
148)	lovebitcoins.org	??? unknown
149)	BtcTree	??? unknown
150)	Atlantis	??? unknown
151)	Buttcoin.org	??? unknown
152)	sirarthur.net	??? unknown
153)	Atomic-Trade.com	??? unknown
154)	Bitfountain	??? unknown
155)	CryptoChange	??? unknown
156)	BitBitcoin	??? unknown
157)	BTC on Tilt	??? unknown
158)	LendMeCoin	??? unknown
159)	Coin Mining Coop	??? unknown
160)	BitSpend	??? unknown
161)	BitcoinRealty	??? unknown
162)	BitcoinCashout	??? unknown
163)	Bitcoin Solutions LLC	??? unknown
164)	BiddingPond	??? unknown
165)	Black Arrow	??? unknown
166)	Vircurex	??? unknown
167)	BTCFPGA	??? unknown
168)	ForBitcoin	??? unknown
169)	Gamma Bitcoin Fund	??? unknown
170)	BitcoinTraining	??? unknown
171)	BitcoinFX	??? unknown
172)	puddinpop	??? unknown
173)	bitcoinPool	??? unknown
174)	BTC Guild	??? unknown
175)	MTRed	??? unknown
176)	Triplemining	??? unknown
177)	BitPing	??? unknown
178)	Ubitex	??? unknown
179)	Bitcoin7	??? unknown
180)	LIF	??? unknown
181)	Bitcoin Rebate	??? unknown
182)	BDT	??? unknown
183)	Novello Technologies	??? unknown
184)	XBTec	??? unknown
185)	Paybase	??? unknown
186)	Cloudminr	??? unknown
187)	Momento VPS	??? unknown
188)	BtcATT	??? unknown
189)	TimeToBit	??? unknown
190)	Onedice.me	??? unknown
191)	bASIC-mining	??? unknown
192)	Crypto::Stocks	??? unknown
193)	Coin.mx	??? unknown
194)	Coinport Exchange	??? unknown
195)	BitPantry	??? unknown
196)	ZigGap	??? unknown
197)	dcash.io	??? unknown
198)	Daily Satoshi	??? unknown
199)	c-7.cc	??? unknown
200)	Bill Pay For Coin	??? unknown
201)	37Coins	??? unknown
202)	Harborly	??? unknown
203)	crypto-trade.com	??? unknown
204)	onedice.me	??? unknown
205)	ice-dice.com	??? unknown
206)	dicebitco.in	??? unknown
207)	BTCS	??? unknown
208)	Spondoolies Tech	??? unknown
209)	MasterXchange	??? unknown
210)	Cryptsy	??? unknown
211)	Bonafide	$850,000
212)	BitSimple	??? unknown
213)	Tangible Cryptography	??? unknown
214)	Xapo	$40 million!
215)	Mintspare	??? unknown
216)	Mike Hearn	Gone Fishin'
217)	Romit	??? unknown
218)	Vault of Satoshi	??? unknown
219)	Swisscex	??? unknown
220)	Coinsetter	$3 million
221)	Armory	$13 Million
222)	ZeusHash	??? unknown
223)	Uphold / Bitreserve	$110 Million
224)	ANXPro	??? unknown
225)	Bitcoin XT
226)	Bitcoin Classic
227)	CoinTrader	??? unknown

[cjmoles]

Well, for those of you who believed Game Fault Studios was an innovative platform, I guess we can add them to the list also....http://www.stacksofcoin.com/game-vault-studios-innovators-or-idiots/

They jumped ship, apparently when google dropped their adsense contract: Oops!

EDIT:

And, I still maintain that Xapo.com should not be on that list!

[gentlemand]

Now that $40M is gone - the vault is totally stupid - the debit card is defunct - and the death certificate of Xapo is being written.  

$40M loss - Xapo is dead.

It's the baby of someone very connected with very deep pockets. It's still running. It may well die some day but it's a long way from qualifying yet no matter how you feel about it.

[mixan]

I wouldn't be surprised to se even Genesys on this list one day when all hell breaks loose on their books. With exchanges it is evitable too happen with so much money changing hands

[TKeenan]

Yet another, another exchange bites the dust...

No.	Company	Estimated loss / Status
1)	Mt. Gox	$620 Million
2)	Bitinstant	??? unknown
3)	Silk Road	$127.4 million
4)	Bex.io	??? unknown
5)	Buttercoin	??? unknown
6)	Brawker	??? unknown
7)	GLBSE	??? unknown
8)	inputs.io	??? unknown
9)	GaW miners	??? unknown
10)	SilkRoad#2	$2.7 million
11)	Butterfly Labs	??? unknown
12)	CoinTerra	??? unknown
13)	Mining ASICS Technologies (MAT)	??? unknown
14)	Mintpal	??? unknown
15)	ASICminer	??? unknown
16)	Bitcoin24	??? unknown
17)	HashFast	??? unknown
18)	BTCT.co	??? unknown
19)	Bittrivia	??? unknown
20)	BitNetwork TV	??? unknown
21)	Bitcoinica	??? unknown
22)	Tradehill	??? unknown
23)	Instawallet	??? unknown
24)	AllCrypt	??? unknown
25)	CryptoRush	??? unknown
26)	bitlc.net	??? unknown
27)	Intersango	??? unknown
28)	bitbook.biz	??? unknown
29)	PBmining	??? unknown
30)	HashProfit	??? unknown
31)	CryptoXchange	??? unknown
32)	MyCoin	??? unknown
33)	Bitomat	??? unknown
34)	Bitp.it	??? unknown
35)	Brasil Bitcoin Market	??? unknown
36)	BTC Buy	??? unknown
37)	Btctip	??? unknown
38)	Bit-Bank	??? unknown
39)	Bitmit	??? unknown
40)	Sheep Marketplace	??? unknown
41)	hashie.co	??? unknown
42)	Moolah	??? unknown
43)	Seals with Clubs	??? unknown
44)	mcxnow	??? unknown
45)	x-bt	??? unknown
46)	Justcoin	??? unknown
47)	KCMOCOLO	??? unknown
48)	Vekja	??? unknown
49)	Bitmarket.eu	??? unknown
50)	MyBitcoin	??? unknown
51)	Bitscalper	??? unknown
52)	BS&T	??? unknown
53)	FeedZeBirds	??? unknown
54)	btcxchange.ro	??? unknown
55)	CoinEX.pw	??? unknown
56)	AMT	??? unknown
57)	HashTrade	??? unknown
58)	WBX	??? unknown
59)	Coinlenders	??? unknown
60)	Paytunia	??? unknown
61)	NeoBee	??? unknown
62)	HASRA	??? unknown
63)	MinerSource	??? unknown
64)	Alpha Technology	??? unknown
65)	Coinedup	??? unknown
66)	BitcoinMax	??? unknown
67)	Evolution Market	??? unknown
68)	The Bitcoin Show	??? unknown
69)	El Show de Bitcoin	??? unknown
70)	Le Bitcoin Show	??? unknown
71)	Ellet	??? unknown
72)	Take My Bitcoins	??? unknown
73)	Coinabul	??? unknown
74)	Bitmine	??? unknown
75)	MyBitcoinTrade	??? unknown
76)	BIPS	??? unknown
77)	LabRatMining	??? unknown
78)	BlackBankMarket	??? unknown
79)	OneWallet	??? unknown
80)	Virtex	??? unknown
81)	BitFunder	??? unknown
82)	Bitcoin Development Fund	??? unknown
83)	Netsolus	??? unknown
84)	Nimbus Mining	??? unknown
85)	Coinware	??? unknown
86)	LiquidBits	??? unknown
87)	DZ Miner Coop	??? unknown
88)	GPUMAX Technologies LLC	??? unknown
89)	Virtual Mining Corporation	??? unknown
90)	Active Mining Corporation	??? unknown
91)	BTC Mining Corporation	??? unknown
92)	Litecoin Global	??? unknown
93)	Bitcoin Rain	??? unknown
94)	EgoPay	??? unknown
95)	Coinographic	??? unknown
96)	AMHash1	??? unknown
97)	Altcoin Herald	??? unknown
98)	CryptoDouble	??? unknown
99)	Cryptomine.io	??? unknown
100)	Cryptory	??? unknown
101)	Dicebitco.in	??? unknown
102)	Dice.ninja	??? unknown
103)	Lunamine	??? unknown
104)	ShareXcoin	??? unknown
105)	BitDayTrade	??? unknown
106)	Labcoin	??? unknown
107)	Kronos.io	??? unknown
108)	Britcoin	??? unknown
109)	Bitcoinary	??? unknown
110)	Robocoin	??? unknown
111)	updown.bt	??? unknown
112)	NXT-E	??? unknown
123)	WeExchange	??? unknown
124)	BitcoinGunParts	??? unknown
125)	BitcoinForFlowers	??? unknown
126)	FastCash4Bitcoins	??? unknown
127)	CleanBit	??? unknown
128)	AurumXChange	??? unknown
129)	WMXchange	??? unknown
130)	Cam 4 BTC	??? unknown
131)	Flexcoin	??? unknown
132)	BTCZone	??? unknown
133)	Bittalk Media Ltd	??? unknown
134)	CAVirtex	??? unknown
135)	MMOExchange	??? unknown
136)	OGRR	??? unknown
137)	betsofbitco.in	??? unknown
138)	rollin.io	??? unknown
139)	Paysius	??? unknown
140)	Bitcoin2CDKey	??? unknown
141)	WalletBit	??? unknown
142)	Bitcoin Cloud Hashing	??? unknown
143)	Liquid Nitrogen Overclocking	??? unknown
144)	50btc	??? unknown
145)	Deepbit	??? unknown
146)	ZenMiner	??? unknown
147)	Aquifer	??? unknown
148)	lovebitcoins.org	??? unknown
149)	BtcTree	??? unknown
150)	Atlantis	??? unknown
151)	Buttcoin.org	??? unknown
152)	sirarthur.net	??? unknown
153)	Atomic-Trade.com	??? unknown
154)	Bitfountain	??? unknown
155)	CryptoChange	??? unknown
156)	BitBitcoin	??? unknown
157)	BTC on Tilt	??? unknown
158)	LendMeCoin	??? unknown
159)	Coin Mining Coop	??? unknown
160)	BitSpend	??? unknown
161)	BitcoinRealty	??? unknown
162)	BitcoinCashout	??? unknown
163)	Bitcoin Solutions LLC	??? unknown
164)	BiddingPond	??? unknown
165)	Black Arrow	??? unknown
166)	Vircurex	??? unknown
167)	BTCFPGA	??? unknown
168)	ForBitcoin	??? unknown
169)	Gamma Bitcoin Fund	??? unknown
170)	BitcoinTraining	??? unknown
171)	BitcoinFX	??? unknown
172)	puddinpop	??? unknown
173)	bitcoinPool	??? unknown
174)	BTC Guild	??? unknown
175)	MTRed	??? unknown
176)	Triplemining	??? unknown
177)	BitPing	??? unknown
178)	Ubitex	??? unknown
179)	Bitcoin7	??? unknown
180)	LIF	??? unknown
181)	Bitcoin Rebate	??? unknown
182)	BDT	??? unknown
183)	Novello Technologies	??? unknown
184)	XBTec	??? unknown
185)	Paybase	??? unknown
186)	Cloudminr	??? unknown
187)	Momento VPS	??? unknown
188)	BtcATT	??? unknown
189)	TimeToBit	??? unknown
190)	Onedice.me	??? unknown
191)	bASIC-mining	??? unknown
192)	Crypto::Stocks	??? unknown
193)	Coin.mx	??? unknown
194)	Coinport Exchange	??? unknown
195)	BitPantry	??? unknown
196)	ZigGap	??? unknown
197)	dcash.io	??? unknown
198)	Daily Satoshi	??? unknown
199)	c-7.cc	??? unknown
200)	Bill Pay For Coin	??? unknown
201)	37Coins	??? unknown
202)	Harborly	??? unknown
203)	crypto-trade.com	??? unknown
204)	onedice.me	??? unknown
205)	ice-dice.com	??? unknown
206)	dicebitco.in	??? unknown
207)	BTCS	??? unknown
208)	Spondoolies Tech	??? unknown
209)	MasterXchange	??? unknown
210)	Cryptsy	??? unknown
211)	Bonafide	$850,000
212)	BitSimple	??? unknown
213)	Tangible Cryptography	??? unknown
214)	Xapo	$40 million!
215)	Mintspare	??? unknown
216)	Mike Hearn	Gone Fishin'
217)	Romit	??? unknown
218)	Vault of Satoshi	??? unknown
219)	Swisscex	??? unknown
220)	Coinsetter	$3 million
221)	Armory	$13 Million
222)	ZeusHash	??? unknown
223)	Uphold / Bitreserve	$110 Million
224)	ANXPro	??? unknown
225)	Bitcoin XT
226)	Bitcoin Classic
227)	CoinTrader	??? unknown
228)	KnC Miner	$32M
229)	Bitfinex	$60M

[QuestionAuthority]

Jesus, 229! I bet I couldn't name 229 legitimate Bitcoin businesses. With a history like bitcoin has it's a wonder anyone uses it at all.

Everyone says that fiat has a lot of theft and crime too, bla bla bla. Duh, of course it does. It's been used by everyone in the world for hundreds of years. Bitcoin is six years old and has a little over a million users and it rivals any major theft in fiats history.

[TKeenan]

Jesus, 229! I bet I couldn't name 229 legitimate Bitcoin businesses. With a history like bitcoin has it's a wonder anyone uses it at all.
\\

The real number is far higher.  Please add some new dead companies as this list hasn't been updated in a while. 

[bitbunnny]

Why are you saying that Xapo us dead? I'm using it and I also have their debit card which is functioning normal without issues (for Europe and other customers) and I can't complain.
They maybe had some problems and bad decissions but their service is stil ongoing and the company is existing.

[Wind_FURY]

Having shown the Bitcoin companies that are dead or showing a loss in their balance sheet. What then are the companies that are making money? I can only think of some of the darknet market places are making money, some high traffic gambling sites like NitrogenSports and maybe a few of the more dominant exchanges. I would think that even a Bitcoin company that is highly funded like 21 Inc. has no revenue and profit as of now.

[mikewirth]

What then are the companies that are making money?

There are no bitcoin companies making money.  Some are being run at break even - barely.  and only because they can fire almost everyone and get down their burn rate.  The network is stalled.  There is no real traffic.  No merchant traffic.  No end user traffic.  Bitcoin has moved to become a settlement only network just like Blockstream intended.

[jjacob]

Having shown the Bitcoin companies that are dead or showing a loss in their balance sheet. What then are the companies that are making money? I can only think of some of the darknet market places are making money, some high traffic gambling sites like NitrogenSports and maybe a few of the more dominant exchanges. I would think that even a Bitcoin company that is highly funded like 21 Inc. has no revenue and profit as of now.

This is true of any emerging technology. In the initial stages, they are cash guzzlers.
Once they scale up and have enough customers, they begin throwing out money. So Bitcoin companies are no different.

[mikewirth]

So Bitcoin companies are no different.

Except that they are all broke with over $1B of VC money spilt to date.

[The_Dark_Knight]

The length of that list is staggering but I have always though of bitcoin as modern era gold rush a few will make fortunes, some will make some money and a lot are going to lose everything they have.

[Marma Kalari]

i dont know why    Silk Road is mentioned here as it is an illegal market and FBI confiscated the said 127.4 million dollars and not hacked ,so you included illegal markets too for this list and i think the rest of the them are cloud mining which is infact scam ones and hacked exchanges.

[buwaytress]

Many of these sites don't correlate to "bitcoin being dead" as some were shut down and others were merely scams.

The most important recent sign the naysayers will point to is the announced closure of faucetbox.

Most newbies including myself took their very first satoshi from faucets and faucetbox is one of the biggest microwallets.

My feel is that rising fee costs (they absorb all fees) have really hit them as they transact dust to users. Their demise is one less avenue for newbies to get acquainted with crypto.

[yayayo]

I can add Rugatu, a question and answer service that included Bitcoin payments. It was a very interesting site, going down due to death of its founder "paraipan", who was also active ins this forum (https://bitcointalk.org/index.php?action=profile;u=29395). See here: https://www.reddit.com/r/rugatu/comments/2ikcz3/regarding_rugatu_rip_paraipan/

Did the thread starter consider including the time of foundation and (more interestingly) the time when a service/company went offline? That would be really interesting, because the list could be sorted and a timeline of bitcoin history could be created. Of course it's a lot of work, but it might be worthwhile.

ya.ya.yo!

[RawDog]

The length of that list is staggering but I have always though of bitcoin as modern era gold rush a few will make fortunes, some will make some money and a lot are going to lose everything they have.

Over $1Billion lost so far.  Probably going to be a lot more in the near future. 

[cpfreeplz]

Bitcoin is still a start up currency and bitcoin companies are basically flying blind for the most part so I don't see this as much of a surprise tbh. Do you know the percentage of new businesses that fail in the first few months / year? It's huge. Now through in the fact that the currency your business is built on fluctuates constantly from huge swings (in terms of a currency's normal fluctuation) and it's a tough business. No doubt in my mind a lot of these failures could have been avoided if there was more knowledge/experience out there.