For those interested in the hardware side of Bitcoin, namely "mining" this article is dedicated to providing a quick synopsis of how the mining side of the Bitcoin business is fairing.
Currently, there are still a few big names in the Bitcoin mining hardware production business.
There has certainly been some turmoil on the Bitcoin hardware manufacturing side as well. There are a few companies that promised customers hardware that was never manufactured (or could never attain the output promised) and vendors that continually missed deadlines.
For every single company that has shipped Bitcoin hardware, there appears to be hundreds of companies that setup shop with a flashy website luring unsuspecting people into investing hard earned dollars into vaporware.
Invest your money carefully, this article is for informative purposes only and not an endorsement for any company listed below, please do your own research.
Currently, there are still a few big names in the Bitcoin mining hardware production business.
There has certainly been some turmoil on the Bitcoin hardware manufacturing side as well. There are a few companies that promised customers hardware that was never manufactured (or could never attain the output promised) and vendors that continually missed deadlines.
For every single company that has shipped Bitcoin hardware, there appears to be hundreds of companies that setup shop with a flashy website luring unsuspecting people into investing hard earned dollars into vaporware.
Invest your money carefully, this article is for informative purposes only and not an endorsement for any company listed below, please do your own research.
THE GOOD
- Bitfury (MegaBigPower) - Bitfury has produced the more unknown mining hardware that was sold through megabigpower. Curiously, Dave was also featured in the article we posted regarding his huge 1PH/s mining farm...Read here.
- KNC Miner - KNC is a Swedish based company has produced some of the most powerful miners known to exist (Mercury, Jupiter) and is furiously working on it's latest miner...Neptune. This is promising to be a huge miner with 3000GH output and an equally huge price tag of $9,995. Note: There are no prototype photos of the hardware available, therefore we are using their Jupiter platform below.
- Cointerra - Cointerra is a new Texas based start-up hardware company created by some heavyweights within the technology sector that has successfully designed and shipped hardware within approximate promised timeline. Their original miner the Terrahash IV (2000GH) and the latest GSX-I (400GH) appear to be shipping as promised. They claim to have shipped their 1000th miner.
- ASIC Miner - This obscure company is responsible for bringing mining hardware to affordable levels with their USB powered 334Mh/s miners. They are still for sale on Amazon and other vendors.
- Avalon - The original ASIC mining hardware creator. Responsible for two generations of bitcoin mining hardware that spawned a market for "clones" similar to when IBM first introduced the PC. Currently counting down to generation #3.
THE BAD
- Butterfly Labs - This is the Bitcoin hardware company everyone loves to hate, despite their numerous...and I mean numerous...delays and their less than stellar pricing practices, they have consistently shipped mining hardware that continues to function within the advertised parameters. They successfully produced the Jalepeno (5GH) and the Single (25, 30, 50 and 60GH) and are scheduled to launch the Monarch product (300, 600GH)...sometime soon...in 2 weeks I estimate ;-) (Bitcoin joke)
- Bitmine - Bitmine is an unknown Chinese company for now that has promised their Coincraft hardware shipping soon....near April. If this hardware truly exists, no one is certain. Because of the unproven claims, they are regulated to the bad section.
- BlackArrow - Black arrow is another unknown Chinese company that has promised to ship hardware soon...Early May. Again, no one is sure if this Prospero mining hardware actually exists. Because of the unproven claims, they are regulated to the bad section.
THE UGLY
- For every single company that has shipped Bitcoin hardware, there appears to be hundreds of companies that setup shop with a flashy website luring unsuspecting people into investing hard earned dollars into vaporware.
- Hashfast - While this company looked good on paper, it had very significant challenges meeting the promised performance and shipping any products. Some BabyJet hardware has surfaced on the internet but very small amounts compared to the amount of orders processed. This company appears to be in significant legal trouble...See again here.
- TerraHash - Closed up shop quickly after it realized that it could not produce the hardware it promised customers. Read more about it here.
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