New Company HighBitCoin™ Announces Launch of Highest Performance Bitcoin Mining Solutions and eCommerce Site

CAMPBELL, SILICON VALLEY, Calif., Dec. 11, 2013 /PRNewswire/ -- HighBitCoin^TM announced the formal launch of the company and the eCommerce site www.highbitcoin.com.

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"Bitcoin is a revolutionary innovation that has the potential to remake several impactful industries and markets. Our vision is to provide long-term solutions that enable the adoption of Bitcoins widely. We have assembled a world-class team of technologists, innovators and leaders to bring state-of-the art technologies to the bitcoin mining market" said Jalil Sheikh, Chairman of the Board of Directors of HighBitCoin^TM.

"We are excited to announce the public launch of HighBitCoin. To date, bitcoin mining has remained the domain of cryptographers, technology hobbyists and people with sophisticated domain-specific software knowledge. We aim to introduce solutions that enable everyone to participate in bitcoin mining in an affordable manner. Our world-class ASIC, Cloud and System Design expertise will enable us to provide highly scalable and reliable mining solutions at the lowest power consumption. The more people that participate in bitcoin mining, the safer the bitcoin market becomes for everyone" said Gangesh Ganesan, CEO of HighBitCoin^TM.

"Our unique CoolTegula^TM technology allows us to create systems that scale to petahash per second of bitcoin hashing rate and beyond. There are unique challenges to attaining this class of performance in an appropriate cost and power budget. The CoolTegula technology allows us to have 2x-4x greater power efficiency at the same hash rate than anyone else in the market" added Mr. Ganesan.

Bitcoin is a crypto-currency based on advanced mathematical techniques that provides high security and low cost for any type of financial and commercial transaction by using a fully distributed peer-to-peer network. Bitcoin mining is the process by which new bitcoins are created in the bitcoin marketplace. Bitcoin mining performance is typically rated in the number of hashes per second, with higher numbers referring to a higher performance and more secure bitcoin network.

About HighBitCoin^TM

HighBitCoin^TM was founded with a long term vision of transforming the Bitcoin mining market by enabling the widest adoption of bitcoin mining services in the world. Founded by a group of leading professionals in the Semiconductor, High Performance Computing (HPC), Mobile and Networking Systems markets, HighBitCoin^TM brings the most advanced technology to bitcoin mining. Our ASIC based solutions provide the highest performance at the lowest cost and power in the bitcoin mining industry. HighBitCoin is headquartered in Silicon Valley, California, USA with development teams distributed worldwide.

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SOURCE HighBitCoin