CloudHashing

CloudHashing
PeerNova
Private
Industry
Founded London, England (2013)
Founder Emmanuel Abiodun
Headquarters

Area served
 Worldwide
Key people
 Emmanuel Abiodun, founder and chief executive officer
Services Bitcoin mining
Website cloudhashing.com

CloudHashing is a company that sells bitcoin mining contracts.[1][2] It is one of the largest bitcoin mining companies worldwide.[3] In May 2014, CloudHashing merged with HighBitcoin to create PeerNova.[4] PeerNova continues to sell mining contracts under the CloudHashing brand.[4]

CloudHashing is headquartered in London, England with offices in Austin, Texas and a computing facility in Reykjanesbær, Iceland.[3][5] Emmanuel Abiodun is the company's founder and chief executive officer.[5]

History

Emmanuel Abiodun, a former software engineer for JP Morgan and contractor for HSBC, founded CloudHashing in 2013 after mining bitcoins at his house in London.[5] After receiving investments from personal friends, Abiodun set up his first computing facility in Kansas City, Kansas in June of that year.[5] In October 2013, Abiodun opened the company's Reykjanesbær, Iceland computing facility.[5] The facility was opened with 100 bitcoin mining machines manufactured by a Swedish supplier.[5]

In March 2014, CloudHashing signed a deal with digitalBTC, an Australian bitcoin services firm, to incorporate CloudHashing's software into digitalBTC's mining hardware.[6][7]

January 2015, CloudHashing's deal with digitalBTC was dissolved after “key outcomes from the strategic agreement in March 2014 did not eventuate”.[8][9]

In November 2016, the company webpage had the following message: "The cloudhashing service has been discontinued. If you are a previous cloudhashing customer awaiting payment of your account balance, please email payment12779@cloudhashing.com..."

Service

CloudHashing sells bitcoin mining contracts, which allow customers to mine for bitcoins via CloudHashing's cloud-based computer network.[10] Contract plans are priced per gigahash of computing power.[11] The company's computer network is manufacturer agnostic, and contains equipment from multiple manufacturers of bitcoin mining hardware.[5][11] The majority of the CloudHashing computer network is located in Reykjanesbær, Iceland.[5][11] The company retains 20% of its network capacity for its own bitcoin mining operations.[3][5]

See also

References

  1. ↑ Paul Vigna (3/6/14). "BitBeat: Bitcoin Unmoved After Nakamoto Unmasked". Wall Street Journal. Retrieved 2014-04-22. Check date values in: |date= (help)
  2. ↑ "Bitcoin Mining: A High-Tech Arms Race?". Bloomberg TV. 1/9/14. Retrieved 2014-04-22. Check date values in: |date= (help)
  3. 1 2 3 David Gilbert (3/12/14). "CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation". International Business Times. Retrieved 2014-04-22. Check date values in: |date= (help)
  4. 1 2 Daniel Cawrey (5/2/14). "CloudHashing, HighBitcoin Merge Hosted Mining with ASICs to Form PeerNova". CoinDesk. Retrieved 2014-05-19. Check date values in: |date= (help)
  5. 1 2 3 4 5 6 7 8 9 Nathaniel Popper (2013-12-21). "Into the Bitcoin Mines". The New York Times. Retrieved 2014-04-22.
  6. ↑ Hannah Francis (2014-03-20). "DigitalBTC inks deal with CloudHashing.com". Business Spectator. Retrieved 2014-04-22.
  7. ↑ "DigitalBTC inks supply deal with BitFury". The Australian. 4/4/14. Retrieved 2014-04-22. Check date values in: |date= (help)
  8. ↑ Nermin Hajdarbegovic (2015-01-30). "DigitalBTC Dissolves Bitcoin Mining Agreement with CloudHashing". CoinDesk.com. Retrieved 2015-01-30.
  9. ↑ Deepak Tiwari (2015-01-30). "DigitalBTC Dissolves Supply Agreement with CloudHashing". ForexMinute.com. Retrieved 2015-02-25.
  10. ↑ Danny Bradbury (2013-05-13). "Cloudhashing to offer Bitcoin Mining as a service – MaaS". CoinDesk. Retrieved 2014-04-22.
  11. 1 2 3 Daniel Cawrey (4/2/14). "Cloud Hashing CEO on Hardware, Network Growth and the Threat of Pools". CoinDesk. Retrieved 2014-04-22. Check date values in: |date= (help)
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