Bliss Devices - Allegedly VTC-capable ASIC maker hires salesman from bankrupt Hashfast, scourge of bitcoin miners
As if it wasn't enough that Bliss Devices is developing an ASIC that they claim will mine Vertcoin (1m/hash per chip it is claimed), and using the Vertcoin logo on its website, they have hired a former sales guy from Hashfast, the bankrupt bitcoin ASIC maker, to front for them. This guy, Abram Kottmeier, has links to prostitution and the extreme pornography industry in the Bay Area. Those of us that are victims of Hashfast's bankruptcy do not remember him fondly and would not do business with him again, to say the least. Be doubly careful of this company - they not only intend to fight Vertcoin's developers to make a Vertcoin-capable ASIC, they have also hired a sales manager with a dubious past and whose previous work in the business was for a company that has lost tens of millions of dollars belonging to hundreds of miners, big and small. But mostly small. We gotta do all we can to keep these kind of people out of Vertcoin.
12-05 19:07 - 'HashFast and Marc Lowe, a former promoter for the service who operated under the handle 'CypherDoc'. / He got banned for this, seriously?' by /u/michelmx removed from /r/Bitcoin within 411-416min
The hearing, set for 19th February, follows months of legal wrangling between the trustee of bankrupt bitcoin mining firm HashFast and , a former promoter for the service who operated under the handle ''.
Underneath the hood, Bitcoin mining is a bit like playing the lottery. Roughly every 10 minutes the Bitcoin code creates a ‘target’ number that the mining machines try to guess. Typically we call this finding the next block. Like many things connected to Bitcoin this is an analogy to help things be a little bit easier to understand. Although Bitcoin’s exact hashing power is unknown, it is possible to estimate it from the number of blocks being mined and the current block difficulty. Notes Daily numbers (raw values) may periodically rise or drop as a result of the randomness of block discovery : even with a hashing power constant, the number of blocks mined can vary in day. Gallo explained that the difference between this $14 million amount and the claimed $40 million figure stems from HashFast's "failure to book the dollar value of the bitcoin refunds they owe." Bitcoin Hashrate All Time High Bitcoin Hashrate on May 11, 2020 at block 629,899 159.39 EH/s How to Calculate Bitcoin Hashrate. The Bitcoin hashrate is calculated using the current Bitcoin difficulty, the defined Bitcoin block time, and the average block time of the last (X) number of blocks.. Most full Bitcoin nodes will have an option to see the current Bitcoin global hashrate using the HashShiny - World's Leading Bitcoin Cloud Mining! The Faster, Safer Platform To Mining Bitcoin! New User Get 5TH/S Bitcoin Hash Rate For Free!
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