Welcome!

News Feed Item

NimbusMining and Butterfly Labs Take Bitcoin Mining to the Masses

AVENTURA, Fla.and OVERLAND PARK, Kan., Jan. 27, 2014 /PRNewswire/ -- NimbusMining (www.nimbusmining.com), a cloud-mining company that enables individuals to benefit from mining bitcoin without having to purchase or operate hardware, announced a partnership today with Butterfly Labs (BF Labs, Inc), a leading bitcoin mining hardware (www.butterflylabs.com) manufacturer. Together they will provide cloud-based bitcoin mining services that are available for purchase today and running immediately on Butterfly Labs 65nm technology equipment.

(Logo: http://photos.prnewswire.com/prnh/20140127/PH52660LOGO-a )

(Logo: http://photos.prnewswire.com/prnh/20140127/PH52660LOGO-b )

Until now, bitcoin mining operations have benefitted mostly tech-savvy people and sophisticated investors. With NimbusMining's Managed Bitcoin Mining Cloud the average consumer can also mine bitcoin. NimbusMining requires a minimum twelve-month contract paid in advance with no monthly fees. NimbusMining does not keep any of the bitcoins mined.

"We're pleased to be offering NimbusMining cloud contracts on our website and to have been chosen as the preferred hardware supplier for NimbusMining," remarked Jeff Ownby, Butterfly Labs VP of Marketing. "65 Nm technology contracted by NimbusMining will be supporting these mining contracts today, and as we deliver pre-ordered 28Nm products to NimbusMining in the future, customers will have access to the most advanced technology available. We believe that market trends propelling cloud based services elsewhere are also valid in the bitcoin space, and although Butterfly Labs will continue to sell bitcoin mining equipment to people who want to mine directly, we plan to be an important player in the emerging cloud market, as well."

"Butterfly's technology is robust and reliable and most importantly we have BFL's 65Nm equipment on hand already," said Greg Bachrach, co-founder and CEO of NimbusMining. "We strongly believe that bitcoin mining will move to the cloud and it is our mission in the CoinWare group, which is the parent company of NimbusMining, to make bitcoin mining more broadly available and accessible to the average consumer."

Bachrach also pointed out, "Some key differentiators of the NimbusMining service are that there are no monthly fees and we do not keep any of the bitcoins mined by our customers. Also, we have built a high availability service with both equipment redundancy and datacenter redundancy."

About Butterfly Labs

Butterfly Labs (BF Labs, Inc) is a Kansas-based manufacturer of hardware used for securing online transactions in the Bitcoin and other networks.

Visit http://www.butterflylabs.com.

Contact
Jeff Ownby
708-601-4170
Email

About NimbusMining

NimbusMining is a cloud-mining company enabling all individuals to benefit from mining bitcoins without having to purchase or operate any hardware.

Visit http://www.nimbusmining.com.

Contact
Alex Gutierrez
305-974-1585
Email

Read more news from Butterfly Labs

SOURCE Butterfly Labs

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
SYS-CON Events announced today that Hanu Software will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Leveraging best-in-class people, processes, and technologies, Hanu provides high-quality, high-value software development and business process outsourcing services to independent software vendors (ISVs) and enterprises.
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...