Thoughts on Taxes and Bitcoins

April 15 is drawing near and the subject of Bitcoin and the IRS has been a hot one. On one hand, IRS recognition helps legitimize Bitcoin in the eyes of the Feds; however, the consensus seems to be that reporting capital gains on each transaction…

The Race to Accept Bitcoin

Over the past week, three online payment-as-a-service vendors announced they will accept Bitcoin from purchasers. The first was Stripe, who, on March 27th, announced they would be the first online payment processor to support Bitcoin.  Stripe’s product offering is a developers’ toolkit allowing devs to easily…

TRO response from Hashfast

On Friday, March 28, 2014, Deans & Lyons lawyers obtained a Temporary Restraining Order (TRO) against Hashfast Technologies and issued this press release (http://www.digitaljournal.com/pr/1819167). On Saturday, March 29, 2014, CoinDesk reported this story (http://www.coindesk.com/court-grants-order-freeze-hashfasts-bitcoin-wallets/). It is our intent to be as transparent and open with…

Spring Shipping Updates, Evo Upgrade Offer and MPP Details

Update: You may find further details and answers to frequently asked questions about the upgrade option on our FAQ page. Shipping Updates We have finished shipping Batch-1, and we are currently working through Batch-2 which is anticipated to be complete in April, 2014. Batch-3 shipments…

World’s First 2TH/s Miner

March 6th, 2014 HashFast has debuted the world’s first working 2 TH/s Bitcoin miner, at the Texas Bitcoin Conference in Austin, Texas. The unit in Austin has been averaging more than 2.1TH/s live at the show. What makes that all the more amazing is that…