An industry that was nonexistent a year ago is flourishing and profitable today, according a news release from bitcoin ATM-maker Lamassu.Internal Lamassu surveys show that standard cash-to-bitcoin locations are averaging $20,000 in transactions per month, while prime locations are averaging $40,000–$60,000 per month.With an average commission of 5.5 percent, operators are looking at $1,000–$3,000 in gross profit monthly for each of their machines.“Bitcoin is moving forward at a dizzying pace and it’s very encouraging to see our operators recovering their investment within three to nine months,” said Lamassu CEO Zach Harvey.“It proves that people appreciate the convenience of bitcoin ATMs, and that appreciation translates into traffic and sales for our operators.” The company's one-way Douro model costs $6,500; the two-way duo of the Douro and Santo Tirso costs $12,000.Finland’s firstbitcoin ATM location, operated by Bittiraha, is located in Helsinki’s central train station.

“Our record is $50,000 per month, but currently it's doing approximately $32,000 per month,” Bittiraha CEO Henry Brade said in the Lamassu release.Bittiraha has now launched a half-dozen locations in Finland.New York City’s first machine has not yet made its numbers public, but the vintage fashion store that houses the machine has been reporting 15–20 bitcoin ATM-only customers daily.The network average has been about $150–$200 per transaction.Hungary’s first bitcoin ATM, also a Lamassu machine, also has been well received, the company reported.“We had 130 transactions in our first two weeks of operation.This was way more than I expected,” said Barnabas Debreczeni, the owner of the machine.“The restaurant hosting the ATM also started accepting bitcoin payments upon our launch.They’ve had 70 bitcoin payments so far, which absolutely beat everyone’s expectation.That means five bills paid in bitcoin, every day, on average."Accordingto Harvey, increasing numbers of people are interested in bitcoin, but find the buying process intimidating — a feeling that the Lamassu machine helps to dispel.

“Our machines enable the bit-curious to put in $5 and easily buy a fraction of abitcoin.It only takes fifteen seconds.For many customers, paying a 5 percent transaction fee for that is well worth it, when they consider the alternatives.simple litecoin minerOnlinebitcoinexchanges may have minimum buy limits and can take several days to start trading, which could prove crucial withbitcoin’s volatility.”ethereum will failFeaturesChina's first self-developed two-way Bitcoin ATM machine Dimensions - 1766mm(Height) 587mm(Width) 560mm(Length) - Weight 60kg Shipping Packaging - Domestic Wooden Container, 2100mm(Height) 800mm(Width) 700mm(Depth) Shipping Packaging - Internation Vacuum packing, 2000mm(Height) 700mm(Width) 600mm(Depth) Cash Box - Additional cash box available for USD $500.00 - 1000 bills each cash box Safety Measure - Hardware Bank grade external case and Bank grade cash dispensing system - Software 24-hour monitoring, short message alert, remote halt Key FeaturesChina's first self-developed two-way Bitcoin ATM machine - Competitive pricing with quality assurance - Better after-sale service via DAC system with 24/7 - Bank-level hardware system, realizes efficient and secure service - Stable and safe embedded software, professional ATM manufacturer - ZERO license fee for all transactions - Multi-function Dashboard to provide a better User Experience:Real-time control & alert by SMS/EMAIL - 15-second for transaction processing, 30-second for withdrawing professional AML/KYC solution to full compliance with regulations and policy requests - High-definition large LCD screen, allows customized logos and advertisements - Multilingual operation system- English, Chinese, Japanese etc. - Supports multiple currencies (Upgrade option: up to 3 kinds currency acceptable) - Supports Telephone/SMS/Email Verification - Paper wallet generator - Extensible Cashbox (standard configuration: 1200 notes, maximum capacity: 4000 notes) API available for easily connecting to main exchanges Stay InformedClick the button of “Contact Us” to email us.bitcoin scandal japan

About BitOceanBitOcean, which makes bitcoin automated teller machines（ATM）, was started in 2013 in China and Japan.We are working on setting up a new O2O Bitcoin trading platform solution.Our VisionWe believe Bitcoin represents the greatest innovation of the Internet Era since the founding of the Internet itself.ethereum gpu mining windowsWe want to use this great innovation to better serve our society and serve our daily life.raspberry pi bitcoin mining worth itOur Goal: • Rebuild the Bitcoin market in China while strictly following the law • Focus on the security and maintain the high transparency for customers • Provide a platform supporting game-changing ideas using the Bitcoin technology • Contribute to industry’s healthy development Our Team Xiaoning Nan Founder +86 186-0476-6766 nanxiaoning@bitocean.io Yan Pu Co-Founder (008) 180-4164-9937 Hanson Hong Co-Founder +86 186-0117-5918 hongcheng@bitocean.io / Flow Chart How do I get Bitcoin?ethereum long term potential

Bitcoin can be bought and sold by anyone, anywhere.Most commonly, Bitcoin is bought through in person transactions, exchanges or now Bitcoin-specific ATMs.If you're looking to buy, try finding a ATM.What can I do with Bitcoin?win7 bitcoin gadgetBitcoin can be used for a huge variety of uses, practically anything cash or credit can be used for.magic pool bitcoinIt can be used for everything from gift cards to electronics to food.litecoin mining gpuHow are Bitcoins sent?BitOcean uses any Bitcoin wallet that people already love and use.Simply enter a Bitcoin address or scan a QR Code inside of the send function, specify the amount you want to send and the Bitcoin Automatic Teller Machine (ATM) automates all the transactions.What fee do ATMs charge?Unlike a traditional ATM, there is no fixed fee charged by the ATM.

Instead, ATMs charge a calculated rate per Bitcoin, generally combining a market rate with a specified markup, so the displayed rate may be higher than what your wallet software or Bitcoin price calculator of choice says.The markup amount, as well as the base exchange used (which will itself vary), is at the discretion of the third-party operator.As such, the Bitcoin will vary ATM to ATM.Can I sell Bitcoin?Our two-way ATMs mean both buying and selling Bitcoin.Selling Bitcoin is just as easy as buying, simply send Bitcoin to the ATM and it will dispense cash in seconds.How does the ATM know where to send Bitcoin?As part of the buying process, the ATM will ask for you to scan the QR code for your wallet.This gives the ATM your Bitcoin address so that it knows where to send.If you don't already have a Bitcoin wallet, the ATM can generate a paper wallet for you and the Bitcoins can be sent to that wallet instead.How much Bitcoin will I get?The amount of Bitcoin a given amount of currency buys changes by the minute, as the market price of Bitcoin is very volatile.