It appears that Butterfly Labs isn’t the only company having trouble making and selling specialized chips designed only to mine for bitcoins crazy fast. As Bitcoin buffs may already know, another rival firm, Avalon, has been having recent trouble getting its hardware off the ground.
Yifu Guo dropped out of New York University to start the company and Avalon was the first to ship a consumer-grade ASIC miner earlier in 2013. But while the company shipped around 1,000 miners earlier this year, it’s struggled considerably since.
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