Overstock.com has seen $15,000 per day in bitcoin sales, totaling $300,000 per month, serving as one of the leading brands now accepting the cryptocurrency. Accepting bitcoin is reportedly going to add 4 cents per share to the company's financial earnings in 2014, and sales have exceeded $2 million.
The company expects to see anywhere from an estimated $6 million up to $8 million in bitcoin sales this year, with new customers now shopping with the e-tailer.
"We're in bitcoin for the long haul, I intend to make it permanent," said Patrick Byrne, Overstock CEO, in a statement to Reuters. "Cryptocurrencies like bitcoin are going to be around for as long as the law of mathematics works."
The Aloft Hotel has teamed up with robotics specialist Savioke to bring its "Botlr" ALO to its Silicon Valley location later this month. The robot stands almost 3-feet tall and is decked out in a vinyl-collared butler uniform, and was originally inspired by R2D2 in "Star Wars."
The first ALO will begin working at Aloft Cupertino on August 20, with the addition of other Botlrs throughout the rest of the year.
"We are thrilled to introduce our robot to the world today through our relationship with Aloft Hotels," said Steve Cousins, Savioke CEO, in a statement. "In our early testing, all of us at Savioke have seen the look of delight on those guests who receive a room delivery from a robot. We've also seen the front desk get busy at times, and expect Botlr will be especially helpful at those times, freeing up human talent to interact with guests on a personal level."
Flash Memory Summit 2014 - Ryan Smith, the Senior Manager of SSD Product Marketing for Samsung Semiconductor, Inc. (and Samsung Semiconductor's 2014 Employee of the Year in the U.S.), stopped by the booth to discuss the changing face of flash memory. Samsung have made tremendous waves in the last few years as they led the charge with 3bit MLC NAND (TLC) into the general computing space, and they are also the first to deliver TLC NAND products into the datacenter (product evaluation here). Many of Samsung's latest products focus on delivering cost-effective solutions to foster NANDs expanding footprint in the datacenter .
Samsung is also the first to market with 3D NAND (V-NAND), and has already progressed through 24 and 32-layer revisions. Standard MLC V-NAND was quite the accomplishment, and Samsung is building on that success by offering a TLC V-NAND product. Samsung has experienced plenty of success with TLC planar (2D) NAND, and the natural evolution to TLC V-NAND will strengthen their portfolio of TLC products. We have several product evaluations of Samsung SSDs in our IT/Datacenter Storage and Consumer Storage sections, and stay tuned for future evaluations as we receive products.
Flash Memory Summit 2014 - HGST had a busy booth at the Flash Memory Summit as they displayed the world's fastest SSD. The design utilizes Phase Change Memory (PCM) to deliver speeds up to 3 million IOPS and 1 microsecond latency. The PCM drive isn't likely to enter the market anytime soon, but it is encouraging to see work already underway future storage solutions. A key advantage of working on radical new designs is the engineering required to provide earth-shattering performance can be applied to current products as well.
Another important announcement from HGST centers around their third-generation FlashMAX III product. We recently evaluated the FlashMAX II PCIe SSD here and found it to be a very competitive solution which differentiates itself from other players via their expansive software offerings. The FlashMAX III builds on that legacy and also offers enhanced software functionality, such as the new ServerCache 4.0 that was recently announced. HGST is always-on the move, stay tuned as more updates emerge.
A new Chinese malware infected more than 75,000 jailbroken Apple iPhones, with the malware hijacking 22 million advertisements. AdThief, also known as Spad, is the iOS malware and was able to covertly operate around four months - and only works on jailbroken devices. Although originally found by researcher Claud Xiao in March, Fortinet senior mobile researcher Axelle Apvrille took a closer look at AdThief.
Operating on 15 different mobile adkits, the malware changed a developer or affiliate ID so the attacker would collect the revenue. Eight of the adkits are Chinese, and jailbreaking devices is a rather common technique among Chinese consumers. Security experts continually warn users that jailbroken smartphones and tablets pose significant threats to users.
The Chinese hacker, known as Rover12421 did contribute to the code, but denied saying he or she is behind the entire project.
Flash Memory Summit 2014 - Tom Coughlin is the General Chairman of the Flash Memory Summit, which is the world's largest flash memory conference. Tom has presided over an intense period of growth for the show, which mirrors the growth of the flash ecosystem as a whole. The last year has seen a dizzying amount of news coming from the flash memory industry, so we set down with Tom Coughlin to talk about the future of the storage industry, and how flash memory fits into that picture.
Tom Coughlin also writes books, writes for Forbes, and runs the Coughlin and Associates consulting firm. We will see Tom again soon at the Storage Visions conference in Vegas right before CES, so we will touch base with him again soon on the state of the storage industry.
Flash Memory Summit 2014 - ST-MRAM is one of the front-runners to power the future of the datacenter. Everspin is the only company in the world producing Spin-Torque MRAM, and at the Flash Memory Summit they announced that they are ramping their 64Mb DDR3 Spin-Torque MRAM. This is the world's first commercially viable product that has been released utilizing ST-MRAM.
ST-MRAM provides RAM-like performance, but with the persistence of a non-volatile memory technology. ST-MRAM will initially be used as a complimentary technology to other storage technologies until it gains in density. Everspin actually has working MRAM in production already, products in the field, and a whopping 600 active patents in their portfolio.
Johannes Knapp is back again today with another hands-on video for our viewing pleasure from Gamescom 2014 in Cologne, Germany.
This time he spends some time with NVIDIA's new 8-inch gaming tablet, featuring its new Tegra K1 mobile processor. The Shield Tablet is given a look at its modified Android operating system, and then we see the controller, and a bit of gameplay action towards the end of the video.
What are your thoughts on NVIDIA's Shield Tablet? Are you thinking of buying one?
Flash Memory Summit 2014 - Jay Prassl, the VP of MArketing with SolidFire, stopped by to chat with us on the unique features of their all flash arrays. SolidFire arrays come in a slim 1U chasis and are designed to be aggregated in scale-out architectures. A focus on a compelling mix of high-availability features, predictable performance, and automated management has made SolidFire the top choice for large customers, such as EBay.
Protecting data is always the most important task of any storage system, and SolidFire handles this with a shared-nothing architecture that stripes data across multiple nodes. An entire node can go offline and the system still chugs along at the same performance level. They also have other unique features, such as backing up and restoring from object storage environments.
Cisco is one of the largest networking firms in the US. The company recently announced its latest quarterly earnings and along with those earnings announced continued plans for restructuring. The company will lay off about 6000 people, equating to about 8% of its workforce.
This round of layoffs is the largest restructuring action since restructuring began in 2011. The company plans to take as much as $700 million in restructuring charges, with half that amount coming in the quarter that ends in October.
CEO John Chambers said in a statement, "I'm pleased with how we are transforming our company over the past several years and that journey continues. ... We are focused on growth, innovation and talent, especially in the areas of security, data center, software, cloud and Internet of everything. Our strategy is sound, our financials are strong, and our market leadership is secure. We have the team in place to deliver and are uniquely positioned to help our customers solve their biggest business problems."