Quote from: joyteq on August 17, 2015, 08:23:45 PM

Quote from: TheRealSteve on August 17, 2015, 01:34:12 PM

Quote from: http://burl.co/56ACBD1

BTCS Gains Traction in its Transaction Verification Business
[...]
The Companys pending merger with Spondoolies-Tech is expected to further accelerate growth of BTCS transaction verification services. The addition of Spondoolies third-generation Application Specific Integrated Circuit (ASIC) servers, which are anticipated to provide a 3x-5x efficiency improvement, should significantly increase the Companys hashing power and improve operating margins. The implementation of third-generation servers at the Companys North Carolina facility is expected to yield a hash rate of between 13,000 and 29,000 Th/s (trillion calculations per second). BTCS averaged a hash rate of 891 TH/s during the first half of 2015.
[...]

Interesting that in that press release, unless I'm just not seeing it, the words "Bitcoin" and "Mining" don't appear anywhere in it. Instead they use "Transaction Verification Services" and "Hashing" as the only words that describe what they are doing.

the company that is ashamed to mention the word bitcoin (that's what they are verifying) is bound to not have any success in this endeavor.
they also assume that there will be transactions to verify.
the whole thing is in state of implosion, it seems...sometimes even before that there will be not that many transactions as people might soon stop doing much of transactions on the bitcoin blockchain.