Total Equity Funding$ 1 Round 1 InvestorMost Recent Funding$ Seed May 1, 2013Headquarters:BerlinDescription:Industrial Bitcoin Mining HardwareFounders:Mark WelleMaik WelleCategories:BitcoinCloud ComputingHardwareWebsite:http://bitcoinbrothers.deSocial: Founded:May 1, 2013Contact:info@bitcoinbrothers.de | Employees:1 - 10 | 3 in CrunchbaseBitcoin Brothers builds industrial scale Bitcoin mining clusters based on their 20nm ASIC chip.Several clusters with a mining capacity of 3.3 petahash/s each are scheduled to be deployed at a hosting facility in Iceland in Q4 2014.These supercomputers will power Bitcoin Brothers’ upcoming cloud mining and transaction clearing services.The Bitcoin Brothers chip was developed by an established Berlin-based ASIC engineering center in collaboration with a Bitcoin core and mining software developer.Mining boards, slots and racks are designed by data center hardware specialists.Bitcoin Brothers aims to create the most scalable, cost-efficient and stable Bitcoin mining operation available.

Amount / RoundValuationLead InvestorInvestors€300k / Seed——1Thomas J AckermannCTOMaik WelleCo-founderMark WelleCo-founderDateNews - Bitcoin Brothers Aim To Disrupt Bitcoin Mining With New, More Powerful, Supercomputers - CoinTelegraph: The New Leader in MiningLoading BitcoinBrothers's tweets...Bitcoin Brothers on TwitterBitcoin Brothers set to disrupt virtual currency market Print German virtual currency start-up Bitcoin Brothers says it has created a chip that could revolutionize Bitcoin mining at scale.bitcoin wallet krakenThe proprietary multi-gate ASIC enables the company to build ‘supercomputers’ capable of producing six Petahash per second (a measure of the ability to process mathematical calculations) each.ethereum greeceThis hardware will be hosted in an Icelandic data center, available on a pay-as-you-go basis early next year.bitcoin via skrill

“With the deployment of a large number of our supercomputers, we offer a true 2nd-generation alternative to stand-alone brick box mining hardware,” said Maik Welle, CEO of Bitcoin Brothers.“Miners are tired of the risk pre-paying, owning, and operating slow mega- and terahash devices with a limited use-live span, which they may not even receive in time - or at all - after pre-paying for them, or find them out of specifications when in operation.” Crunching numbers Bitcoins, or BTC, make up a decentralised virtual currency based on an open-source, peer-to-peer Internet protocol.ethereum rig priceFirst introduced in 2009 by a developer known only as ‘Satoshi Nakamoto’, they were traditionally used among people interested in keeping their transactions secret.bitcoin faucet of americaRecently, a number of major online businesses have started accepting BTC as a form of payment.bitcoin 2018 price prediction

Bitcoin is not tied to any real money, but traded on various electronic exchanges to establish its price.New coins can only be produced through an intensive cryptography process dubbed “mining”.In the early days of Bitcoin, the currency could be mined using standard desktop CPUs.As the difficulty of mathematical calculations increased, miners had to find more powerful alternatives, switching first to GPUs, and then specialized ASIC chips.bitcoin virus avastToday, whole data centers are dedicated to Bitcoin mining operations, like the 10MW KnC Miner facility in Sweden, or the 22,000 sq ft CryptoMine in Montreal.bitcoin broker metatraderThis nascent market is served by a number of hardware vendors, including HashCoins, CoinTerra and Rockminer, among others.bitcoin fuga

The Berlin-based Bitcoin Brothers is one of at least three Bitcoin ventures operating under this name.Founded in 2013 by brothers Maik and Mark Welle, the start-up offers an industrial, cloud-based Bitcoin mining service, with customers retaining full logical control of their operation and choice of pool.CEO Maik believes that disappointment in the first generation of mining tools has depressed the price of Bitcoin.He says the cloud-based approach eliminates the risk related to buying and operating mining hardware, a constant headache for virtual currency enthusiasts.To better scale its operation, Bitcoin Brothers has designed a customized FinFET ASIC chip on the 16nm process.A whopping 256,000 of these can be combined into a single ‘supercomputer’ with a processing power of six Petahash (equal to 6,000 Terahash or 6,000,000 Gigahash).Such systems could theoretically merge into a ‘Meta-MSEM’ capable of running 1.5 Exahash worth of operations from a single console.According to CoinTelegraph, Bitcoin Brothers will run its ASICs from a data center in Iceland, where the energy is cheap.

They are expected to come online in the first quarter of 2015.Bitcoin Brothers expects the market for Bitcoin mining services to grow by US$2 billion in the next two years.It predicts that the arrival of more efficient systems will temporarily disrupt mining operations around the world and rapidly increase the ‘difficulty’ of producing Bitcoin.This could also have a knock-on effect on the price of virtual currencies – not just Bitcoin, but its competitors like Litecoin or Dogecoin.Print Data Center Outsourcing: A New Paradigm for the Hybrid IT Era Of driverless cars and serverless data centers Intel's Knights Landing can run 240 threads Top 10 beautiful data centers Manifest Destiny: Huawei Girds for an International Enterprise Data Center Push WebinarsThe Path to the Cloud and the Role of the NetworkEverything is moving to the cloud.In fact, many applications are far from cloud-ready, and some never will be.But almost every new application will be cloud-enabled.

How do you evolve your data centre into a private cloud and drive Hybrid IT by connecting to public clouds, and still cater for the needs of your legacy software?Making the Case for Lithium-Ion Batteries in the Data CenterThis one-hour webinar will examine the advantages of lithium-ion as well as concerns data center managers may have.The presentation will focus on: > Footprint > Battery life > Cooling costs > Safety Attendees will be provided with key takeaways to help them effectively evaluate real-life applications of lithium-ion batteries within critical spaces.Register now.Proving the Business Value of Network TransformationA short video from DCD, that covers the key findings from an IDC paper, whereby 9 companies were interviewed to provide their insight and analysis on how Juniper Networks have helped them.Is Hybrid IT the new holy grail?How do you make the right decisions as to how and where to host and manage your IT assets?Cloud added not just a whole new set of choices to the decision, it has changed the way that IT is consumed and paid for, and how IT delivery can be aligned with business needs.