TagMonarch

Bitcoin Mining Company Butterfly Labs (BFL) Reopens; Starts Issuing Refunds

Infamous Bitcoin mining company Butterfly Labs (BFL) has reopened and has an updated website following their tussle with the FTC. The FTC started investigating Butterfly Labs in late 2014 because "consumers who have purchased the machines or services cannot use them to generate Bitcoins because Defendants [Butterfly Labs] never provide them with the machines or services." BFL would regularly mine...

Butterfly Labs Announces Two Two Week Delays... Along With Free Upgrades, Full Refunds, And 0.45W/GH

In an email sent out today to former and current Butterfly Labs customers, BFL publicized their newest update on their Monarch line of 600 GH/s PCI-e 1x cards.   Unlike their handling of their first batch of Bitcoin ASIC Miners, BFL has decided to couple this bad news with some good news. The two biggest announcements are drastically improved power consumption, and of course the two "two week...

CoinTerra Takes Aim At Butterfly Labs With GSX I: A 400 GH/s PCI-E Bitcoin Mining Card

gsx i closed loop liquid cooler

Having more or less completing development on their large Terraminer unit capable of 2 TH/s for a sum of $5,999, CoinTerra recently announced their GSX I Bitcoin mining solution.  CoinTerra is currently accepting preorders on the GSX I only, with expected delivery to be in June of 2014.  CoinTerra's CEO Ravi Iyengar had this to say: “Having delivered the TerraMiner, the most powerful Bitcoin...

Butterfly Labs Unveils 600 GH/s Bitcoin Miner

Butterfly Labs, makers of specialty Bitcoin-mining machines, just announced the Butterfly Labs Monarch, an insanely powerful new ASIC at CES 2014. This machine can mine at a whopping 600 GH/s while using 350 W of power. Despite it's hefty $2196 price tag, BFL claims that the Monarch is cheaper and more efficient than its competition. Gadget blog Gizmodo has some great images of the insides of the...

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