The first physical bitcoin price and wallet monitor was built
On February 20, 2014, two Bulgarian hardware developers introduced a stylish and compact gadget that monitors the real-time price of Bitcoin. This device displays the Bitcoin exchange rate according to the prices of the biggest bitcoin markets such as Mt.Gox, BitStamp, or BTC-e.
The gadget supports mining rigs like KNC Miner and Butterfly Labs, and it requires only a Wi-Fi connection to display the prices on the go from exchange servers. It can also display the amount of BTC on the wallet of the rig.
The device is designed with a glass surface through which the green motherboard is visible. The blue display gives the monitor a “cyber” look. Despite its functionality being similar to a smartphone app or a gadget from the Windows gadget panel, its stylish design and the novelty of being a separate device dedicated to monitoring Bitcoin prices made it an interesting addition to the market.
This gadget was developed by Boris Ribov and Georgi Bakalaski, the only members of the Hardware Group Bulgaria. They had already developed and put onto the market a number of devices, including infrared, Wi-Fi, and Bluetooth transmitters that can be easily connected via the USB port.
Bakalaski explained the reasons behind their new product: “We think that the current dynamic changes of the Bitcoin market are a fact to be considered and many traders already benefit from that fact by simply transferring Bitcoins between exchanges and taking advantage of the difference between the buy/sell prices”.