• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Breaking: Arbitrum Announces The Launch Of Its New Token ARB, Transitioning To DAO
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Arbitrum Announces The Launch Of Its New Token ARB, Transitioning To DAO
Advertisement

FinalHash Purchases Betarigs, Will Roll Out New Features In The Near Future

Scott Fargo by Scott Fargo
8 years ago
in ASIC miners, Bitcoin Businesses, Bitcoin Technology, Companies, Mining, News, News teaser, Scrypt ASIC miners
0
Advertisement

FinalHash CTO Marshall Long announced that they had just closed the deal on purchasing Betarigs. Betarigs is a popular service that allows Bitcoin and Cryptocurrency miners to rent hash power and point it at their pools or even lease out their personal miners to others. FinalHash has been part of the Bitcoin and Cryptocurrency ecosystem for quite a while behind the scenes. They have become more visibly active hosting recent the Hashers United conference in October 14 and appearing more and more often at other conferences. Marshall gave this statement when asked for information on the Betarigs purchase.

FinalHashAlso Read:  Betarigs: Awesome Service to Rent Hashes

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Marshall Long:

Betarigs was started on the premise of serving the common miner, giving access to what used to be unaccessible hashrates to people who want them. Mux and his team did a fantastic job in accomplishing that goal, but now FinalHash will press on and make BetaRigs even better. We have already commenced with our roadmap on issues like usability, more currency options, credit card processing, and many more features. The FinalHash team will also leverage BetaRigs to assist in helping to facilitate for our current customer base utilizing the cutting edge proxy technology that runs behind the scenes on BetaRigs.

This news is good news for those that wanted many of the features on Betarigs like Credit Card processing and more. FinalHash does a large amount of mining pool and software development that they will bring to Betarigs as well. We should expect more enhancements like faster connections and the ability to add failover pools for those renting.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Betarigs was put up for sale on January 23rd my Mux on Bitcointalk. FinalHash moved so fast on Betarigs that many people missed the sale. Marshall has told me recently that he is always looking to invest in or buy innovative technologies and help promote Bitcoin and Cryptocurrency mining. Betarigs is a solid mining service that helps both buyers and seller of hashing power. Marshall has promised to move some of FinalHash’s power to the service as well in a forum post. Mux posted some of the income figures and costs of Betarigs for interested parties to look over as well as a statement of why they were selling.

SP20 Bitcoin Miner
SP20 Bitcoin Miner

It is almost the first anniversary of Betarigs! And during this year, we did incredibly well (IMO): 172 000 rentals have been done through Betarigs with 15 000 registered users! With 12 000 tickets received and answered, our users were, in general, satisfied, with an average 9.78/10 rating given to the rentals! Grin Grin

And so now, due to personal reasons and priorities of team members, we have decided to sell Betarigs in order to focus on our next projects.
We would like to sell it to an entity with a proven track record of being able to manage cryptocurrency services, and ideally with some technical expertise. A big pool operator would be welcome.
Here are some numbers we will disclose:

Raw income of the last months:
October: 13.8 BTC
November: 8.5 BTC
December: 20.5 BTC
January: (up to 24/1) : 5.1 BTC (expecting ~8 BTC)
Server costs (5 servers + Cloudflare + tickets system + Google Apps): a little less than 1000€/month (we use high-end servers)
So you will, of course, have to subtract the server costs from the raw income to get the actual earnings.

Tickets: On average 14 per day on the last month.
Tickets need to be processed every single day to process rental problems and refunds.

We will keep an interested eye on Betarigs as it has been an excellent service so far with many happy customers and supporters. Many fans of Betarigs were sad to see Betarigs up for sale but with FinalHash purchasing it their favorite rig rental and leasing site remains open and further development continues.  Marshall has also opened a suggestion box for Betarigs to see what things customers want and get input from the community.  A solid step for customers.

What new features do you want to see added to Betarigs?  Tell us Below.

photo credit: FinalHash.com

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Scott Fargo

Scott Fargo

I am a disabled former Systems Admin, computer tech, business manager enjoying crytpocurrencies. I am the Editor in Chief of Bitcoin.com and Bitcoinist.net. Being able to help others has allowed me to an outlet to the world and to share my passion that is Bitcoin. I am deeply involved in the mining ecosystem and physical coins, It fascinates me how it has brought people from all over the world together into a tight knit supportive community with commerce and tech.

Related Posts

Hong Kong

Hong Kong Set To Welcome Prominent Crypto Data Firm

4 days ago
crypto conference the alliance

Crypto.ro Announces “The Alliance,” a Highly Anticipated Crypto Conference in 2023

6 days ago
Bybit

Crypto Exchange Bybit Teams Up With Red Bull For Athlete Dev’t Program

1 week ago
Blockchain.com

Blockchain.com Shutters Crypto Asset Management Arm Less Than 1 Year After It Launched

2 weeks ago
Marathon Digital

Marathon Digital Pays Off Term Loan, Cuts Credit Facilities With Silvergate

2 weeks ago
Binance.US

Binance.US Gets Green Light In Voyager Acquisition; SEC Snubbed

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Becoming Borderless Pioneers. Bware Labs Roadmap and...

    2 hours ago
  • Learn why TMS Network (TMSN) is growing exponentially, in...

    5 hours ago
  • TMS Network (TMSN) surging 1100%, While TRON (TRX) and...

    5 hours ago
  • Could TMS Network’s (TMSN) trading platform help...

    5 hours ago
  • Terra Classic Price Prediction Provided By Avorak AI...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.