Filecoin Suspends ICO After Raising $186M in One Hour
$186M ... that&#x27;s crazy.<p>And here I&#x27;ve been sitting wondering if anyone would bother investing in my idea for a Bitcoin mining co-op.  I want to create a U.S. based mining farm that allows anyone to buy-in and have access to a portion of the hashrate.  The idea being that, today, the average Bitcoin user has no way to reasonably voice their opinion through the hashrate because they can&#x27;t compete with the efficiency of the big miners.  We fix that by being a big miner; build our own ASIC, hardware, everything, and sell that back to average users at market rate.  Level the playing field.<p>But the level of investment needed is in the tens of millions (custom ASIC, custom hardware, custom datacenters, etc).  It&#x27;s not an incredible amount, and I&#x27;m not worried about the technicals (I previously co-founded a company making FPGA miners and my previous company was a hardware startup), but it&#x27;s enough to give me pause and sit on the idea for now.  But if Filecoin got $186M through an ICO ...