Difference between revisions of "Bitmine"

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{{Infobox company|name=Bitmine AG|image=[[{{ns:file}}:Logo-bitmine.png|270x64px]]|website=[http://bitmine.ch/ bitmine.ch]}}
 
{{Infobox company|name=Bitmine AG|image=[[{{ns:file}}:Logo-bitmine.png|270x64px]]|website=[http://bitmine.ch/ bitmine.ch]}}
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Bitmine AG was a retailer of Bitcoin [[mining]] hardware and [[ASIC|Bitcoin mining ASICs]], both under the name CoinCraft.
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== Bankruptcy ==
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On May 20th, 2015, Bitmine AG was declared bankrupt<ref>http://bitmine.ch/</ref><ref>https://archive.is/DJaqK</ref>
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== ASIC ==
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The [[List of Bitcoin mining ASICs#Innosilicon|Innosilicon A1 Booster / Bitmine Coincraft A1 ASIC]] is claimed to have been initially designed by Bitmine and contracted out on a 1-year exclusive availability to Innosilicon, LTD. Co.
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In its public declaration regarding its bankruptcy, Bitmine AG singled out Innosilicon as one of the major reasons for its bankruptcy, stating:
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{{quote|We engaged this company with a regular contract and entitled them to develop our 28nm ASIC based on our know-how and instructions, along with the full turnkey process of creating the mask, wafers and IC packaging. We had signed a contract that was expecting to guarantee us a one year exclusivity on the chip, however at a later stage we received proof that Innosilicon was plainly violating the contract from day zero and selling our own A1 chips to whoever inquired them directly}}
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[...]
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{{quote|It is also worth mentioning that while we were struggling with thousands of junk chips, the A-grade ones could at all time be purchased in Hong Kong directly from their Chinese resellers, at some point even at lower prices than what we ourselves paid for.}}
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== References ==
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<references />

Revision as of 23:33, 12 June 2015

Bitmine AG
Logo-bitmine.png
Websitebitmine.ch

Bitmine AG was a retailer of Bitcoin mining hardware and Bitcoin mining ASICs, both under the name CoinCraft.

Bankruptcy

On May 20th, 2015, Bitmine AG was declared bankrupt[1][2]

ASIC

The Innosilicon A1 Booster / Bitmine Coincraft A1 ASIC is claimed to have been initially designed by Bitmine and contracted out on a 1-year exclusive availability to Innosilicon, LTD. Co. In its public declaration regarding its bankruptcy, Bitmine AG singled out Innosilicon as one of the major reasons for its bankruptcy, stating:

We engaged this company with a regular contract and entitled them to develop our 28nm ASIC based on our know-how and instructions, along with the full turnkey process of creating the mask, wafers and IC packaging. We had signed a contract that was expecting to guarantee us a one year exclusivity on the chip, however at a later stage we received proof that Innosilicon was plainly violating the contract from day zero and selling our own A1 chips to whoever inquired them directly

[...]

It is also worth mentioning that while we were struggling with thousands of junk chips, the A-grade ones could at all time be purchased in Hong Kong directly from their Chinese resellers, at some point even at lower prices than what we ourselves paid for.

References