“Battered bitcoin miner Alydian might try to sell some of its highly specialized computer systems at a bankruptcy sale while it works to extract the virtual currency for customers who were promised the chance to buy bitcoins at dirt-cheap prices.  Alydian’s bankruptcy lawyers revealed in recent court papers that they plan to sell the Bainbridge Island, Wash., company’s assets after its struggled to make money within the volatile bitcoin industry using technology that’s no longer state-of-the-art. ‘Mining difficulty has increased stratospherically, well beyond expectations,’ said Alydian lawyers in response to a federal lawsuit filed in New York by an angry customer.”

http://blogs.wsj.com/bankruptcy/2013/11/20/alydian-aims-to-sell-bitcoin-mining-platform-in-bankruptcy/

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