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Bitcoin is not yet a fully decentralized currency, but this isn't the first time a company has tried to incorporate it. Last year, The Coinapult was founded, while a handful of smaller exchanges recently popped up to serve bitcoin miners, and other miners.
As such, it is a bit of a strange game to see a company attempt for the first time to integrate bitcoin mining with traditional mining. As a result, it was refreshing to see a newcomer starting this new business, especially when a lot more people are starting using the technology.
"We're taking our bitcoin development to a whole new level," said Bitmain cofounder and CEO Matthew Lee on his show at the Bitcoin Exchange in New York City. He noted that while bitcoin mining had been around for a while now, most miners have always felt like it was too technical or proprietary for their needs, which, Lee said, was a challenge of sorts with miners for their own reasons. Ibitenge for Sale
Now, using bitcoin mining is a viable option for miners that already have their rigs connected to a network in an effort to mine a more profitable mining pool or for those that are using a newer, lower-cost way
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