Turnabout is fair play: Bitcoins mined with Adafruit’s miner used to buy Adafruit products

Adafruit Industries' PiMiner, a Bitcoin miner.

(Credit: Adafruit Industries)

When Adafruit Industries, a leader in open-source hardware manufacturing, published a Bitcoin mining tutorial last summer, helping people mine the controversial digital currency to purchase Adafruit products was not the goal.

“We didn’t think about that at all,” said Phil Torrone, Adafruit’s co-founder. “I wish we were that clever.”

But that’s just what happened. Yesterday, New York’s Adafruit, which sells a wide range of tools and equipment designed to help people learn electronics, began accepting payment in Bitcoins, and already, its customers have used Bitcoins they earned using Adafruit’s mining tutorial to buy the company’s products.

Although there are only two customers doing so already, that number could easily explode. After all, Adafruit, a $ 20 million company with 60 employees, has only been accepting Bitcoin for a day, and the Bitcoin economy is currently … [Read more]

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