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 Arizona’s First Bitcoin ATM Struck by Lightning

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PostSubject: Arizona’s First Bitcoin ATM Struck by Lightning   Tue Jul 29, 2014 9:40 am

Arizona’s First Bitcoin ATM Struck by Lightning


Nermin Hajdarbegovic | Published on July 29, 2014 at 12:34 BST





Arizona’s first and only bitcoin ATM, which was only installed last week, has been knocked out of action by a lighting strike.

The Skyhook machine, which was installed inside the Bookmans Entertainment Exchange, Tuscon, was operated by Javelin Investments LLC.

Brian Williams, founder of the company, told azcentral.com that the building was struck by lightning, which caused a power surge and knocked out some of the ATM’s components, adding:

Quote :
“It’s kind of like getting punched in the face. I’m trying to pick up the pieces and trying to figure out where we are at.”

Williams told the website that about a dozen people had used the ATM in the few days it was operational. Most bought relatively small amounts of bitcoin, around $5-$10 per purchase, but one user bought 1 BTC (worth around $581 at press time). Williams said, because of its larger value, he did that transaction in person, using a laptop.

The functioning Skyhook ATM situated in Bookmans Entertainment Exchange in Tuscon, Arizona.
Picking up the pieces

Williams says he is currently trying to determine the amount of damage to the ATM. The surge affected one of the machine’s core components, he said, but other components may have been damaged as well, such as the touchscreen and the ATM’s bill acceptor.

On the upside, the power surge did not affect any of the accounts linked to the machine and Williams was able to recover all of the hard currency stored inside.

Williams described the unfortunate event as a “totally avoidable thing” and apologised to users who were inconvenienced by it.

Currently there are about 25 bitcoin ATMs in the US. Following the strike, Arizona’s bitcoiners are out of luck, as the closest bitcoin ATMs are in installed in Las Vegas and San Diego.

The CoinDesk bitcoin ATM map lists upwards of 125 active bitcoin ATMs deployed across five continents. Most are located in Europe, North America and East Asia.
Image courtesy of Brian Williams.



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