Bitcoin mining requires top quality hardware with energy guzzling and resource-intensive computing machines which can do fast math calculations.
The bitcoins are mined in a block which is listed in a ledger called Blockchain.
Currently this bounty is 25 bitcoins; this value will halve every 210,000 blocks.
Additionally the miners also given fees by the blockchain users.
And at a price!
Priced at $29,899.00 these machines were never delivered to the customers who placed orders.
Some of machines that were delivered never worked, said the FTC filing.
Butterfly Labs is being portrayed by the FTC as a bogus and fake company.
To the contrary, Butterfly Labs is very real.
source: www.techworm.net
