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Author Topic: BTC.com bought by GAW Miners for 1.1 milion USD  (Read 1407 times)
bitgeek
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August 04, 2014, 03:07:45 PM
 #1

Looks like they aren't wasting time. This is probably the fastest growing bitcoin hardware supplier.

http://www.ibtimes.co.uk/bitcoin-domain-btc-com-sold-1-1m-1459644


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Wonka
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August 04, 2014, 03:27:44 PM
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That's an insane amount. What are they planning on doing with it?
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August 04, 2014, 03:29:49 PM
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They're showing up everywhere, it seems! Are their miners good? I just wondered where BFL.com gets me. "Body for Life" They seem to be selling gym stuff and pumping... stuff...

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August 04, 2014, 03:39:07 PM
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Seeing someone buying BTC.com for 1.1million makes me think the current market cap is low.  Seems like a ton of money when you can buy a decent domain for $1k and build a brand for the rest of the money saved.
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August 04, 2014, 03:45:25 PM
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WOW!

Bitcoin is gonna have a trillion dollar marketcap most likely anyway, so this is probably "cheap" compared to what it would be in the future.
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August 04, 2014, 04:53:16 PM
Last edit: August 04, 2014, 05:03:27 PM by EvilPanda
 #6


I had the pleasure of running their signature campaign and they were always on time with the payments. I also used their hosting services and can't say a bad word.



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August 04, 2014, 05:29:46 PM
 #7

So, the domain was first registered in 1997?

Wow, I wonder how much an actual Bitcoin will be worth in 17 years.

Maybe $650 x 6500 ($1.1 Million/$170, cost of maintaining the domain over 17 years)

around $4,200,000 per Bitcoin?
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August 04, 2014, 05:32:47 PM
 #8

Looks like they aren't wasting time. This is probably the fastest growing bitcoin hardware supplier.

http://www.ibtimes.co.uk/bitcoin-domain-btc-com-sold-1-1m-1459644

This reminds me that BicoinWallet.com was sold for 2 million USD and now they advertise themselve on Google as official bitcoin wallet Cheesy

FUR11
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August 04, 2014, 05:34:15 PM
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So, the domain was first registered in 1997?

Wow, I wonder how much an actual Bitcoin will be worth in 17 years.

Maybe $650 x 6500 ($1.1 Million/$170, cost of maintaining the domain over 17 years)

around $4,200,000 per Bitcoin?

Yeah, incredible, isn't it? But all 3-letter-domains have been sold for years now! They're so universally usable and the entropy isn't that high (about 17576 domains) that they were registered by domain squatters pretty quickly. Who was the previous owner?

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August 04, 2014, 06:17:15 PM
 #10

Looks like they aren't wasting time. This is probably the fastest growing bitcoin hardware supplier.

http://www.ibtimes.co.uk/bitcoin-domain-btc-com-sold-1-1m-1459644

This reminds me that BicoinWallet.com was sold for 2 million USD and now they advertise themselve on Google as official bitcoin wallet Cheesy

It doesnt seem to be doing too well IMO, and it was bought for 250k along with bitcoinwallets.com.

btc.com is a valuable domain!
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August 04, 2014, 06:17:49 PM
 #11


I had the pleasure of running their signature campaign and they were always on time with the payments. I also used their hosting services and can't say a bad word.




Im part of it too, great deal, thanks again for running it Smiley
FreeBitcoins.com
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August 04, 2014, 06:22:45 PM
 #12

so the previous owner of BTC.com must have declined offers of $100k, $250k, $500k, $750k, $900k, $1Million, and then he said "yes" to $1.1 Million...amazing!!!
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August 04, 2014, 06:57:45 PM
 #13

wow !! pretty high amount paid by them .. I think blockchain.com holds the previous rights for BTC.com , if i am not wrong blockchain baught it for few thousand usd in recent months ... and now BINGO  Shocked
bitgeek
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August 04, 2014, 09:45:54 PM
 #14

Update! Coindesk just posted this:
http://www.coindesk.com/btc-com-domain-sold-gawminers-record/


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.

.

.

Online.BTC.Bingo

.

.

.*500%.CASH.BACK.+.INSTANT.BONUS
..PROGRESSIVE.JACKPOT
..NO-DOWNLOAD.CLIENT
.

.

.

EPIC.FUN.
littlewizard
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August 04, 2014, 10:30:47 PM
 #15

Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million
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August 04, 2014, 10:33:13 PM
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Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million

Only if bitcoin rally and grow in the future.
atc1
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August 04, 2014, 10:37:18 PM
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That's quite a lot. But for a miner company that have been the winners of this whole cryptocurrencies trend,I don't find it uprising that they own a majority of the money that has been realized so far. Also they may expect much larger profits through the site,though I'm not entirely or completely sure how will go about achieving that goal.

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August 04, 2014, 10:40:06 PM
 #18

Paying 1.1M for it is quite the gamble, but good for the firm that got the money. They also hold other BTC.xx domains.

Mobius
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August 04, 2014, 10:44:20 PM
 #19

Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million
This is unlikely. They probably expect to make at least an amount that has a NPV of $1.1 million. There are very few opportunities to be had when someone can reasonably expect to earn 10x or 100x your original investment.
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August 04, 2014, 10:47:16 PM
 #20

It really doesn't matter if their hardware business works or fails. The btc.com domain can be used for almost anything.. While its expensive, I believe that that domain will be worth 10x the amount in a few years..
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