[Update] Bitcoin Brothers Aim To Disrupt Bitcoin Mining With New, More Powerful, Supercomputers

TechCrunch

[ Update: This post has been updated to reflect that the 25 Bitcoin reward is not for one transaction, but the reward for a block, which contains many transactions.]

After over two years in stealth mode, the 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.

While…

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