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Founded by Shrem and Gareth Nelson in 2011 with a $10,000 loan from Shrem’s family, BitInstant was to become the “go-to site” to quickly and easily turn conventional currencies into digital bitcoins, and vice versa. ... In the lower photo is an assembled Bitcoin mining machine in Yupeng’s office. Yupeng, a professional Bitcoin miner in ... BitInstant was a service started in 2011 by Gareth Nelson and Charlie Shrem aiming to help make faster fiat deposits into a few Bitcoin exchanges, such as MtGox, BitStamp or VirVox. At some point you could also convert the deposits directly into BTC. BitInstant would handle cash deposits from places like Walmart and credit you appropriately. When he lost all his bitcoin, Charlie, together with his friend Gareth Nelson, founded one of the earliest and biggest Bitcoin firms, BitInstant. This now-defunct company took off, entrancing investors, like the Winklevoss twins, and helped to popularize bitcoin. In 2012 to 2014, Charlie became the vice-chairman of the Bitcoin Foundation. A college senior and a bitcoin investor back in 2011 withdrew his bitcoins to partner up with Gareth Nelson to create BitInstant. He invested the money he made in bitcoin and when the prices peaked in some years, he traded his bitcoins and invested in the real estate to end up being $45 Million in net worth. Bitcoin Mining: 3 Success Stories to Inspire you 1. Roger Ver. Roger Ver, also known as “Bitcoin Jesus” is one of the very first investors in Bitcoin and someone who strongly stands behind the claim that the cryptocurrency is one of the most important inventions after the Internet.Today, he is the CEO of Bitcoin.com and one of the five founders.

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