Allen Oh

Allen Oh

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Bitcoin ASIC Hosting expands capacity in Dell's Western Technology Center

Bitcoin ASIC Hosting is proud to announce an expansion deal with Dell Inc.  Together, we are excited to bring 4-megawatts of tier-3 datacenter rated hosting capacity to the crypto-currency mining market.  Our flexible contracts and scaling capacity is set to accommodate Bitcoin miners, and their expanding operations.  Quality hosting capacity is essential for increasing demands of Bitcoin mining operations.
 
This opportunity comes as an addition to Dell’s recent announcement to accept Bitcoin for customer sales via Coinbase.  This announcement is a giant leap forward for bringing Bitcoin into mainstream.  This article can be viewed here: http://en.community.dell.com/dell-blogs/direct2dell/b/direct2dell/archive/2014/07/18/we-re-now-accepting-bitcoin-on-dell-com.aspx
 
Bitcoin ASIC Hosting and Dell Inc. are providing the first large scale & high-density crypto-currency hosting facility available to the public.  Operating with a record of excellence in co-locating every available type of ASIC hardware on the market, Bitcoin ASIC Hosting's team of expert engineers and customer service representatives provide the support to take the micromanagement out of your mining investments while maximizing performance of ASIC mining hardware.
 
Strong mining competition has driven the Bitcoin mining industry into a great era of innovation.  Just 2 years ago video cards dominated the Bitcoin mining market with unbelievably poor efficiency.  We are now reaching 28nm ASIC chips and reaching efficiency at less than a watt/GH.  Accompanying these innovations in chip design and board production are greatly increased unit sizes, power consumptions and cooling requirements.  "Large residential operations are no longer feasible for the latest generation of Bitcoin mining hardware", Lauren Miehe says, head of Operations for Bitcoin ASIC Hosting.  Bitcoin miners must now consider co-location to reach the maximum potential of their hardware investments.  Dedicated cooling and power are costly upgrades to commercial and residential properties.  Bitcoin ASIC Hosting and Dell are here to help.
 
We are ecstatic that Dell, a worldwide industry leader, has shown such flexibility and support of a growing local company in the dynamic emerging market that is Bitcoin mining.  This forward thinking and technical expertise on Dell's behalf is what we looked for when evaluating a hosting partner.  Coupled with Dell's SmartHand support and world-class facility, our hosting solution provides the proper environment the needs of all high technology computing solution.   Dell is setting the standard for advancing the growth of innovative technologies.
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Cointerra Terraminer IV Hosting

As the density of ASIC miners keeps reaching new levels, there is one unit that is leading the pack.  The Cointerra Terraminer IV comes in at 2000watt (2kW) usage hashing at speeds between 1.3 and 1.8TH/s.  The difference in performance is directly related to cooling, as the internal temperature sensors are very reactive, and will cycle down unit performance when ambient temperatures reach too high. 
 
Often one core of the Cointerra Terraminer IV is disabled temporarily, as the unit is split into two cores known as CTA1 and CTA0 both with their own power supply.  The construction of the unit is quite impressive, the power supplies can be replaced and swapped without opening the box or voiding the warrantee sticker on the unit, although opening the box is required for any advanced troubleshooting or investigation.  Please consult Cointerra directly before performing any advanced maintenance on your unit if there is an issue.  Often Cointerra will allow you to open the box yourself, but you must gain permission first to not void your warrantee.
 
Cointerra Terraminer IVs are the densest units on the market, coming in at 4U height and ~30 pounds.  These bad boys are definitely the beefiest, and running them in a standard commercial or residential setting causes significant heat and noise issues if you enjoy peace and quiet and prefer to separate your house from a sauna/airport hybrid.
 
In order to maximize the uptime of your Cointerra Terraminer IV, ambient temperatures ~70 degrees is highly recommended from dedicated cooling.  Manually resetting the miner has proven to be an effective method of avoiding the cycling down process from internal temperature sensors.
 
Overall, the Cointerra Terraminer IV, is one of the most engineered units on the market and we are proud to provide the best colocation available.  We have the tools, skills and experience to maximize return on your Terraminer IV and take the micromanagement out of your Bitcoin mining investments!
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Lost Coins

Lost Coins
 
The Bitcoin protocol is made so that 21 million Bitcoins will ever exist within the network.  As of the day this article was written, February 27th 2014, 12.45 million coins have been distributed.  I often am asked is there any way to recover lost coins?
 
There are several ways coins can be lost.  One way is not having a private key to access the wallet that contains Bitcoins.  This can happen if you do not have any backups of your wallet.dat file and it becomes corrupted.  Another way is to send transfer Bitcoins to a valid address you do not control.  Destroying or deleting backups can also be a cause.
 
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Simplified MtGox Breakdown

Simplified Breakdown of MtGox
 
Many people have been asking me recently on what I think about the recent developments in Bitcoin, especially the MtGox issue, so I figured I would write this to share my knowledge and my opinion.
 
There is abundant sensationalist information online about the stability of Bitcoin in light of recent events.  First and foremost Mt.Gox is a historic landmark for Bitcoin.  Before we had many competing exchanges such as Bitstamp, BTC-e, BTCChina, MtGox was the authority on pricing and exchanging Bitcoin.  At this point in history, MtGox was very successful in stabilizing Bitcoin’s price and making Bitcoin trading publicly accessible around the world.
 
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