Coin City Announces $ 5 Million Investment in Betfury Mining Gear

Las Vegas-based Bitcoin Investment Fund CoinSeed announced January 5 January investment of $ 5 million in mining hardware.Synysid said that it has earned $ 5 million worth of Betfury 55 nanometer Bitcoin, but it is the first step in its large-scale approach to becoming a big scale Bitcoin Clearing House, which one day will be able to process. Real Time Transaction It's said that Bitcoin will really compete in payments.The announcement can not fit well with some members of Bitcoin Community, especially in the mining and who embryo on centralization.Marcin Coffman of Conisades, however, these feelings suggest a big bitcoin community to bring back when their own companies are trying to improve and measure the currency's infrastructure.

"Personally, I'm sure grassroots Bitcoin purists will be there, who say that you are grassroots and decentralized and it's building a commercial enterprise," Kauffman said."On the other hand, on the other hand, it is the same people who want to take Bitakayake seriously, and Bitcoin is coming for serious needs among some big players and it gives legitimacy."

For funding protection

Sinagid says that $ 7 has been raised. In less than a month, 5m from private investors, and it is aggressively investing in mining hardware for security in a forwarding position in commercial mining. In addition to Kaufmann, Kennedy's team included Laboratory founder Jatch Daly, as well as other sales and technical staff. The company plans to raise an additional $ 15m in the next eight months to reach its total fund of $ 22. 5mKoufman knew that 10 years ago, his experience in the domain name sector helped him to secure investments in secured investments. Although he declined to mention the name, he mentioned he relied on this past relationship as a way to protect the necessary funds.

"It was fairly easy to lift money on my behalf, because I have a proven record of success with interesting business models and interesting businesses," Kauffman said.

Its operation scaling

American user Megabagfire of Betfury Mining Gear, said that the Sinascated contract purchases the biggest single order purchase of Bitcoin Mining hardware.Megabagfire President David Karlson said in a press release that the company entered into a long-term deal with CoinSeed to provide "a stable supply" of hardware to support their infrastructure requirements.The big picture of Sinagid

Despite problems with fluctuation, Koufman said that he is confident of both Bitcoin's long-term efficacy as a currency and payment method. For example, the company says it will bring in income in bitcoin, which is hoping that big businessmen will increase prices to support the goal of serving.

"I think everybody is sure to be aware of this problem and is problematic for real-time transactions, especially that it is now an unstable market. In the future, many big businessmen are going to get dedicated conformation to sell fast."

Although Kaufmann is considered to be bright for the future in Sinai, he is less optimistic about mine and its role in evolution of Bitcoin.

"Digging is a cool thing, it's a fun thing, but it's not always for ever, the difficulty is increasing. Mine will always happen, it's not just profitable." 999> Kauffman further said that the company is already "negotiating" with high-volume merchants and it is followed by "other cryptocurrency investment opportunities".

New CoinSeed Bitfury mineral hardware running at 1522 GH / s, Photo Courtesy of CoinSeed.