Bitcoin mining supercomputer manufacturer Bitcoin Brothers is launching its hosted bitcoin mining services, powered by what the company claims are better, stronger machines to make the mining of bitcoin more efficient.
Bitcoin mining is the process by which a transactions are approved in the bitcoin ledger known as the blockchain and how new bitcoins are minted. For every successful verification of a block of bitcoin transactions the “miner” is rewarded with 25 bitcoin (currently worth about $8,100). The new services means that bitcoin miners don’t have to invest in their own hardware, and can instead mine using the latest and greatest (at least according to the company) in bitcoin mining technology.
Founded by an ex-German military cryptologist Mark Welle and his brother Maik, the Berlin-based company is offering to sell mining services using its supercomputers that have processing capabilities of over 6 petahash (bitcoin mining is measured in petahashes, which is the amount of computing power used to verify transactions on the network). Sounds interesting? We are keeping a tab on this and keep you posted as we get something new!