The sale of the mining device ASICMiner’s USB Block Erupter was a true success! A few days ago, BTCGuild, currently the second largest mining pool (with 17 percent of the network hashpower), started selling the equipment. They only needed 40 minutes to sell out the available 1000 units.

As you may know, ASICMiner is the largest mining company in the Bitcoin universe. Alone, the company is responsible for one quarter of the whole cryptocurrency network, differing from other groups like Butterfly Labs or Avalon in terms of production style .

Since the company’s first product, success has always been present. The major explanation for this success is the combination between the fact that ASIC manufactures its devices and the sudden rise of the Bitcoin price. From the first achievements to the mass production of their great mining devices it was just a small step.

Besides, until this day, the company is famous for not having an online presence, apart from a few spoors left behind in the Bitcointalk Forum. ASIC has even been described as “the world’s first hundred-million dollar company without a website”. This is why the sale of their products is more easily made through third-party resellers, like BTCGuild. Miners thank this decision or, otherwise, they would have to dispute the equipment in a forum-based auction.

BlockErupterUSB-FrontBack-crop

For now, this was just another proof of ASIC’s success. One thousand mining devices sold in just 40 minutes?! If that’s not a hit, we don’t know what to call it. Good mining to all of you who bought one!

Via bitcoinmagazine.com

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Maria Santos
Maria Santos
Crypto Writer

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter. Read More

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!
Back to top