TigerDirect is Now Accepting Bitcoin As Payment

Between wallet services, ATMs, and mining hardware, you'd have to be blind to miss the Bitcoin trend at CES 2014. Butterfly Labs, a company that specializes in mining hardware, even teamed up with BitPay, which helps merchants adopt the new currency, even forked over the cash for a nice looking booth at the show.

The digital currency continues to thrive outside of the world's biggest consumer electronics show, too. This week, TigerDirect became the first major retailer to accept Bitcoin as a form of payment. The company will now be accepting Bitcoin as a method of payment on over 200,000 of its products via BitPay.

"TigerDirect has always been on the forefront of alternative online payment methods and delivering the most convenient ways for our customers to shop,” says Steven Leeds, Director of Corporate Marketing at TigerDirect. "With individuals building their own high-powered PCs with parts offered on our site to mine Bitcoins, it's a logical fit."

Though it may seem like a logical fit, users hoping to mine Bitcoin as a means of funding their next build are likely going to be disappointed. With the value of Bitcoin where it is, mining any meaningful amount on money takes a while. If you want Bitcoin right away, your best bet is to buy it, a process that's never been easier, especially if you're lucky enough to have a Bitcoin ATM near you.

Follow Jane McEntegart @JaneMcEntegart. Follow us @tomshardware, on Facebook and on Google+.

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  • danwat1234
    It's a far better use of computing resources to crunch for Folding@Home or other worthy distributed computing projects to help science. bits of coins becomes less valuable over time I believe, so more hardware is needed to generate as much income and it's all just a waste of electricity as far as the benefits to humanity.
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  • pills161
    "TigerDirect became the first major retailer to accept Bitcoin as a form of payment.", correction, Overstock.com was the first major retailer to accept Bitcoin.
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  • wdmfiber
    Quote:
    "TigerDirect became the first major retailer to accept Bitcoin as a form of payment.", correction, Overstock.com was the first major retailer to accept Bitcoin.
    Never heard of overstock, let alone made a purchase from them.Sorry pills, they're far from major.
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