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How to Mine Bitcoins with HashRabbit, Inc. @gethashrabbit #Crowdify #OnlineTools #KnowledgeBase

HashRabbit, a startup that supplies enterprise-focused software to facilitate the management and security of bitcoin miners, has raised $500,000. It is a bitcoin mining platform that provides an easy-to-use interface to maximize efficiency, reduce downtime, and increase profits.

The blockchain is secured by several hundred-thousand mining machines across the globe which validates millions of transactions and produces millions of dollars in bitcoin every month. Yet every mining operation suffers from revenue loss due to hardware failures, performance inefficiencies, and unexpected outages. As utilization of the blockchain and mining grows, HashRabbit provides the software platform which monitors and manages hardware of an entire operation.

The funding comes from Tim Draper’s Draper Associates along with VegasTechFund, an investment firm run by Zappos founder Tony Hsieh. Alongside the funding announcement, HashRabbit is making its software suite available to all bitcoin miners.

The company also has announced a partnership with mining hardware manufacturer Spondoolies-Tech, whose gear is compatible with HashRabbit's management software.

With HashRabbit’s software, not only can miners expedite the process of making sure firmware is updated, it can also enable operators to power cycle and control each unit from one source.

Going forward, the company hinted it may expand its product to enable more advanced cloud mining capabilities.

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