Software software software is getting a boost as a result of the bitcoin boom and the launch of the blockchain technology in Australia.
The bitcoin mining software maker Bitcoin Miner will be sold on Australian marketplaces starting at 6am today, with the price of the unit set to hit $10,000 per unit.
The company’s co-founder and CEO, Jason Leung, said the company’s first product was launched just a few weeks ago and the value of its products was “on the order of hundreds of thousands of dollars”.
He said the price would continue to rise with the launch in the coming weeks of new mining software and more sophisticated hardware designs.
Mr Leung said it was a good time to look at the cryptocurrency space because the demand for mining hardware was on the rise.
“The demand is so great for mining and mining hardware and we believe the market for mining is very strong, and that will continue to grow,” he said.
“There are a lot of companies competing with us, and we’re excited to see what the future holds for Bitcoin Miner.”
Bitcoin mining software was initially developed by Satoshi Nakamoto, the creator of bitcoin, which was launched in 2009 and has gained notoriety for being one of the first bitcoin transactions to be recorded on the blockchain.
Bitcoin Mining Software has already been sold in China, the US and Europe.
But its price has fallen rapidly in Australia as its adoption has grown and users are turning to the cryptocurrency to pay for services such as online banking, shopping, and renting cars.
Bitcoin mining hardware, which is typically used to mine bitcoin, has attracted attention in recent years, mainly because of its low mining power requirements.
Bitcoin miner machines can mine bitcoin at a rate of about 5.3 quadrillion hashes per second, or about a million times the power of the fastest supercomputer in the world.
The average bitcoin mining hardware can mine about 1.8 million blocks a day.
The new mining hardware will be available to buy in Australia starting at 8am on Wednesday, with pricing set to go up as soon as the product is sold.
“We believe the bitcoin mining industry is poised to overtake the powerhouses in mining power,” Mr Leung added.
“As mining power increases, it will also increase the demand and prices for Bitcoin Mining Software.”
With the launch on the Australian market, Bitcoin Mining will be the first product of its kind in Australia, and will give our customers the confidence to make their purchases.