Bitcointalk administrator “theymos,” aka Michael Marquadt announced that the government has subpoenaed the site for access to PMs relating to the much maligned mining company Butterfly Labs.
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Butterfly Labs News
Butterfly Labs is a company that produces platforms for cryptocurrency mining. The development of Bitcoin mining all over the world has led many companies to develop and produce specialized equipment that would speed up the process of block discovery and reduce energy consumption. Therefore, in 2013, the company produced the Butterfly Labs Bitcoin miner they named ASIC, whose popularity has grown rapidly. Currently, Butterfly Labs ASICs are produced by many other companies. However, in 2014, there was a large conflict about Butterfly Labs’ products quality and their delivery, as many people received their purchases long after they had made the order or didn’t get them at all. This led to lawsuits and a U.S. Federal Trade Commission investigation after which the company was closed down. Nevertheless, the company’s future still remains unknown.
Butterfly Labs argued successfully in court yesterday that the order to remain closed had irreparably harmed their company, convincing the Judge to agree to allow them to continue operations under court oversight.
603Bitcoin hardware wallets are an area of digital currency security still very much in its experimental phase. Developers are striving to offer the most advanced security features in the most accessible way possible, but the complexity of the undertaking often results in misunderstandings on the part of the consumer.
2213As happens in all brand-spanking-new industries, the first actors who come to market aren’t vetted yet. The vast majority of merchants in the cryptocurrency space don’t have lengthy records of successful service—in fact, most of them haven’t even existed for more than a year or two. The buyers, too, are all relatively new to the digital money marketplace.
400Recently, it became big news that the Federal government sued and temporarily shut down the notorious bitcoin mining company, Butterfly Labs, but a federal judge ruled on Thursday that the company can resume limited operations. We tried to find out what the vague limited operations included, but we were unable to come up with anything.
427One of the most notorious bitcoin companies around will finally be facing legal consequences.
455The long beleaguered and often criticized Butterfly Labs has purchased the humorous Bitcoin centric blog/spoof site Buttcoin.org.
428Cointelegraph asks a multitude of companies that were at Bitcoin 2014 what were their aims for the expo.
427The saga of miner manufacturer Butterfly Labs’ troubles continues for its alleged failure to fulfill orders and use of customers’ prepaid machines, and the scale of the problem is becoming apparent.
348While the storm over Mt. Gox is far from over, now Butterfly Labs’ mining equipment saga is joining the party.
378The Streamin’ Garage production center in collaboration and under sponsorship of Butterfly Labs is going to give away massive sums in Bitcoin in an online live game show. The broadcast item received the name “Take My Bitcoins” and might become a huge promotional activity never seen before in the cryptographic environment.
324BitcoinExpo China 2014 will be a three-day conference and exposition in September in Shanghai. According to event organizers, “It aims to provide the bridge for many startups, service providers and established traders to cross the Asia gap.”
348If you want to start mining for digital currencies then you might consider not buying them from eBay or retailers but to make a purchase from the manufacturers themselves.
339New Bitcoin services and merchants, officially published governmental issues and warnings, advertisements on meetings and conferences are the decisive and biggest part of the whole volume.
297The biggest deal to be performed by the BitPay was a single payment for the work of the Butterfly Labs, considering the production of hardware for bitcoin mining.
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