Virtual currency and Mining Hardware: the real value of CoinSeed.

Despite a set of legitimate reluctances, from financial authorities and some states, the fever around Bitcoin continues to ramp-up on internet. Henceforth this virtual crypto-currency is deeply backed by CoinSeed a Bitcoin focused investment fund led Merlin Kauffman.

 Merlin Kauffman remains confident and optimistic about the long-term viability of Bitcoin as a legitimate currency and innovative payment method. Its purpose is clear: ‘’ secure a long-term position as a leader in commercial Bitcoin mining in the midst of the rise in popularity of the alternative digital currency’’.

In this dynamic, CoinSeed has purchased what is believed to be the largest private single sale of specialized Bitcoin mining hardware in existence. In total $5 million worth of BitFury’s 55nm ASIC based Bitcoin mining hardware was acquired as the first building block to create one of the largest commercial Bitcoin mining

infrastructures.

Connectikpeople.co observes that, after raising over $7.5 million from undisclosed private investors in less than one month, CoinSeed is henceforth aggressively investing in Bitcoin mining hardware with the goal to secure a long-term position as a leader in commercial Bitcoin mining in the midst of the rise in popularity of the alternative digital currency.

CoinSeed plans to raise an additional $15 million of venture capital throughout the following 8 months, and aims to bring total funding to $22.5 million in 2014.

As part of infrastructure development efforts, CoinSeed has hired Zach Dailey, founder of LabRatMining, to lead their technical deployment.

Connectikpeople.co recalls that, to date, CoinSeed is currently the largest Bitcoin mining investment fund in the world, and is actively pursuing additional cryptocurrency service related investment opportunities.