BTCS (BTCS) 10-Q 20 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	14-May-15
Document And Entity Information
Entity Registrant Name	Bitcoin Shop, Inc.
Entity Central Index Key	1436229
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		156,636,008
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash	$3,697	$5,403
Digital currencies	19,944	16,040
Prepaid expense and other current assets	38,416	46,654
Total current assets	62,057	68,097
Other assets:
Property and equipment, net	425,207	190,190
Website	9,941	10,700
Deposits	61,515	4,815
Total other assets	496,663	205,705
Total Assets	558,720	273,802
Liabilities and Stockholders’ (Deficit)/ Equity
Accounts payable and accrued expense	191,511	258,130
Short term loan from related parties	21,990	7,990
Short term loan	45,000
Derivative liability	1,879,220
Total current liabilities	2,137,721	266,120
Stockholders’ (Deficit)/ Equity
Common stock, 975,000,000 shares authorized at $0.001 par value, 161,277,132 and 153,186,804 shares issued and outstanding, respectively	161,277	153,187
Treasury stock, at cost, 13,000,000 and 12,750,000 shares at March 31, 2015 and December 31, 2014, respectively	-4,991	-2,491
Additional paid in capital	16,354,150	14,594,677
Accumulated deficit	-18,089,437	-14,739,891
Total Stockholders’ (Deficit)/ Equity	-1,579,001	7,682
Total Liabilities and Stockholders’ (Deficit)/ Equity	558,720	273,802
Series C Preferred Stock [Member]
Stockholders’ (Deficit)/ Equity
Preferred stock; 20,000,000 shares authorized at $0.001 par value: Series C Convertible Preferred: 0 and 2,200,000 shares issued and outstanding, respectively Liquidation preference $0.001 per share		2,200
Total Stockholders’ (Deficit)/ Equity		$2,200

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Preferred stock; shares authorized	20,000,000	20,000,000
Preferred stock, par value	$0.00	$0.00
Common stock; shares authorized	975,000,000	975,000,000
Common stock; par value	$0.00	$0.00
Common stock; shares issued	161,277,132	153,186,804
Common stock; shares outstanding	161,277,132	153,186,804
Treasury stock, shares	13,000,000	12,750,000
Series C Preferred Stock [Member]
Preferred stock; shares issued		0	2,200,000
Preferred stock; shares outstanding		0	2,200,000
Preferred stock, liquidation preference		$0.00	$0.00

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues
E-commerce	$1,038	$3,974
Transaction verification services	36,630
Total revenues	37,668	3,974
Power and mining expenses	-16,943
Gross profit	20,725	3,974
Operating expenses:
Marketing	578	17,897
General and Administrative	1,606,947	1,546,821
Impairment loss	254,433
Total operating expenses	1,861,958	1,564,718
Net loss from operations	-1,841,233	-1,560,744
Fair value adjustments for warrant liabilities	-926,620	109,000
Inducement expense	-58,380
Interest expenses	-3,499
Loss on issuance of Units	-519,600
Other expenses	-214
Total other (expenses) income	-1,508,313	109,000
Net loss	($3,349,546)	($1,451,744)
Net loss per share, basic and diluted	($0.02)	($0.01)
Basic and diluted	158,014,070	111,313,557

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Stockholders' (Deficit)/Equity (Unaudited) (USD $)	Series C Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Total
Beginning Balance at Dec. 31, 2014	$2,200	$153,187	($2,491)	$14,594,677	($14,739,891)	$7,682
Beginning Balance, Shares at Dec. 31, 2014	2,200,000	153,186,804	-12,750,000
Issuance of private placement units for cash		4,330		-4,330
Issuance of private placement units for cash, Shares		4,330,000
Common stock repurchase			-2,500			-2,500
Common stock repurchase, Shares			-250,000
Conversion of Series C Convertible Preferred to common stock	-2,200	2,200
Conversion of Series C Convertible Preferred to common stock, Shares	-2,200,000	2,200,000
Issuance of common stock for asset purchase		305		39,175		39,480
Issuance of common stock for asset purchase, Shares		305,693
Conversion of accounts payable to common stock		553		143,141		143,694
Conversion of accounts payable to common stock, Shares		552,669
Inducement expenses associated with conversion of accounts payable to common stock				58,380		58,380
Issuance of common stock for investment		702		153,731		154,433
Issuance of common stock for investment, Shares		701,966
Stock based compensation				1,369,376		1,369,376
Net loss					-3,349,546	-3,349,546
Ending Balance at Mar. 31, 2015		$161,277	($4,991)	$16,354,150	($18,089,437)	($1,579,001)
Ending Balance, Shares at Mar. 31, 2015		161,277,132	-13,000,000

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Cash flows used from operating activities:
Net loss	($3,349,546)	($1,451,744)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization expenses	47,359	333
Stock based compensation	1,369,376	1,343,794
Unrealized loss related to digital currencies	1,408	7,400
Gain on sale of fixed assets	-14
Loss on issuance of Units	519,600
Fair value adjustments for warrant liabilities	926,620	-109,000
Inducement expenses	58,380
Impairment loss	254,433
Changes in operating assets and liabilities
Digital currencies	-5,312	7,470
Prepaid expense	8,238	-106,555
Accounts payable	68,091	53,934
Customer deposits		-4,263
Net cash used in operating activities	-101,367	-258,631
Net cash used in investing activities:
Purchases of intangible assets		-12,290
Purchase of property and equipment	-234,565
Sale of property and equipment, net	1,426
Deposits	-56,700
Investment at cost	-100,000	-150,000
Net cash used in investing activities	-389,839	-162,290
Net cash provided by financing activities:
Proceeds from the former members of BCSLLC		8,000
Common stock repurchase	-2,500
Net proceeds from issuance of Private Placement Units	423,000	1,813,000
Net proceeds from issuance of Private Placement Units from related party	10,000
Proceeds from short term loan from related party	20,000
Proceeds from short term loan	45,000
Payment on short term loan from related party	-6,000
Net cash provided by financing activities	489,500	1,821,000
Net (decrease) increase in cash	-1,706	1,400,079
Cash, beginning of period	5,403	9,052
Cash, end of period	3,697	1,409,131
Supplemental disclosure of non-cash financing and investing activities:
Conversion of Series B Convertible Preferred to common stock		13,419
Conversion of Serise C Convertible Preferred to common stock	2,200
Issuance of common stock for fixed assets purchases	39,480
Increase in accounts payable related to fixed assets	8,984
Conversion of accounts payable to common stock	143,694
Issuance of common stock for investment	$154,433

Business_Organization_and_Natu

Business Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Organization and Nature of Operations	Note 1 – Business Organization and Nature of Operations
	Bitcoin Shop, Inc. (formerly TouchIt Technologies, Inc.), a Nevada Corporation (the “Company”) in February 2014 entered the business of hosting an online ecommerce marketplace where consumers can purchase merchandise using digital currencies, including bitcoin and is building a diversified company with operations in the digital currency ecosystem. In January 2015, the Company began a rebranding campaign using its BTCS.COM domain (shorthand for Blockchain Technology Consumer Solutions) to better reflect its broadened strategy. The Company released its new website which included broader information on its strategy, access to its ecommerce site, and launching an invite only beta version of its multi-sig secure storage solution (digital wallet).
	The Company was incorporated in the State of Nevada in 2008 under the name “Hotel Management Systems, Inc.”. On February 5, 2014, the Company entered into an Exchange Agreement with BitcoinShop.us, LLC, a Maryland limited liability company (“BCSLLC”), and the holders of the membership interests in BCSLLC (“Share Exchange”). Upon closing of the Share Exchange, BCSLLC members transferred all the outstanding membership interests of BCSLLC to the Company in exchange for an aggregate of 100,773,923 shares of the Company’s common stock (the “Common Stock”) (the “Reverse Merger”). As a result, BCSLLC became a wholly-owned subsidiary of the Company. Immediately following the Share Exchange with BCSLLC, the Company discontinued its business as manufacturer of touch screen and touch board products, interactive whiteboard displays and large touch-screens.
	The Company is an early entrant in the digital currency market and one of the first U.S. publicly traded companies to be involved with digital currencies. The Company aims to enable users to engage in the digital currency ecosystem through one point of access — a universal digital currency platform. The Company plans to design and build this platform under the brand “Blockchain Technology Consumer Solutions,” or “BTCS.” The Company currently operates a beta ecommerce marketplace which already accepts a variety of digital currencies, has designed a beta secure digital currency storage solution BTCS Wallet, and has been expanding its transaction verification services business, recently adding servers capable of generating bitcoins (i.e. bitcoin mining). In the short term, the Company believes its transaction verification services business will be a growing source of revenue for it.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 2 – Basis of Presentation
	The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information, the instructions to Form 10-Q and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements, but reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. In the opinion of the Company’s management, all adjustments, consisting of only normal and recurring adjustments, necessary for a fair presentation of the financial position and the results of operations for the periods presented have been included. Interim results are not necessarily indicative of results for a full year. The condensed consolidated financial statements and notes should be read in conjunction with the financial statements and notes for the year ended December 31, 2014.

Liquidity_Financial_Condition_

Liquidity, Financial Condition and Management's Plans	3 Months Ended
	Mar. 31, 2015
Liquidity Financial Condition And Managements Plans
Liquidity, Financial Condition and Management's Plans	Note 3 - Liquidity, Financial Condition and Management’s Plans
	The Company has commenced its planned operations but had limited operating activities to date. The Company has financed its operations from inception using proceeds received from capital contributions made by its members and proceeds in financing transactions. On January 19, 2015, the Company raised $433,000 of capital in a private placement transaction, $20,000 of capital through the issuance of promissory note to Michal Handerhan, the Company’s Chief Operating Officer, and $45,000 of capital through the issuance of promissory note to a third party. Notwithstanding, the Company has limited revenues, limited capital resources and is subject to all of the risks and uncertainties that are typical of an early stage enterprise. Significant uncertainties include, among others, whether the Company will be able to raise the capital it needs to finance its longer term operations and whether such operations, if launched, will enable the Company to sustain operations as a profitable enterprise.
	The Company used approximately $0.1 million of cash in its operating activities for the three months ended March 31, 2015. The Company incurred a $3.3 million net loss for the three months ended March 31, 2015. The Company had cash of $3,697 as of March 31, 2015, and a working capital deficiency of approximately $2.1 million at March 31, 2015. The Company expects to incur losses into the foreseeable future as it undertakes its efforts to execute its business plans.
	The Company will require significant additional capital to sustain its short-term operations and make the investments it needs to execute its longer term business plan. The Company’s existing liquidity is not sufficient to fund its operations and anticipated capital expenditures for the foreseeable future. If the Company attempts to obtain additional debt or equity financing, it cannot provide assurance that such financing will be available to the Company on favorable terms, if at all.
	Because of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has not made adjustments to the accompanying condensed consolidated financial statements to reflect the potential effects on the recoverability and classification of assets or liabilities should the Company be unable to continue as a going concern.
	The Company continues to incur ongoing administrative and other expenses, including public company expenses, in excess of corresponding (non-financing related) revenue. While the Company continues to implement its business strategy, it intends to finance its activities through:
		●	managing current cash and cash equivalents on hand from the Company’s past equity offerings,
		●	seeking additional funds raised through the sale of additional securities in the future, and
		●	increasing revenue from its bitcoin mining strategy.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 4 - Summary of Significant Accounting Policies
	A summary of the significant accounting policies applied in the preparation of the accompanying condensed consolidated financial statements is as follows:
	Transaction Verification Services
	Revenue earned from Bitcoin processing activities (“Transaction Verification Services”), commonly termed ‘mining’ activities, is recognized at the fair value of the Bitcoins received as consideration on the date of actual receipt.
	The Company generates revenue by performing computer processing activities for bitcoin generation. In the crypto-currency industry such activity is generally referred to as Bitcoin mining. The Company receives consideration for performing such Bitcoin mining activities in the form of Bitcoins. Revenue is recorded upon the actual receipt of Bitcoins.
	Power and mining expenses consist of utilities paid to 3rd parties in relation to Bitcoin mining activities. The expenses related to our Bitcoin mining activities are affected by the level of activities and not the ultimate generation of Bitcoins. The Company expenses these costs as they are incurred.
	Earnings per Share
	Basic earnings per share (“EPS”) is computed by dividing net loss applicable to common stock by the weighted-average number of common shares outstanding during the period.
	For purposes of calculating basic and diluted earnings per share, vested restricted stock awards are considered outstanding. Under the treasury stock method, diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised or could result in the issuance of common stock. The following financial instruments were not included in the diluted loss per share calculation for the three months ended March 31, 2015 because their effect was anti-dilutive:
		As of
		31-Mar-15
	Stock options		12,450,000
	Warrants		11,700,000
	Excluded potentially dilutive securities		24,150,000
	Recent Accounting Pronouncements
	In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which require debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. ASU 2015-03 is effective for the interim and annual periods ending after December 15, 2015. The Company does not expect any material impact from adoption of this guidance on the Company’s condensed consolidated financial statements.
	Subsequent events
	Subsequent events have been evaluated through the date of this filing.

Property_and_Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5 – Property and Equipment
	Property and equipment consist of the following at March 31, 2015 and December 31, 2014:
		31-Mar-15			31-Dec-14
	Equipment	$	50,945		$	14,189
	Computer		4,085			3,469
	Transaction verification servers		438,431			194,891
			493,461			212,549
	Accumulated depreciation		(68,254	)		(22,359	)
	Property and equipment, net	$	425,207		$	190,190
	Depreciation expense is $46,600 and $333 for the three months ended March 31, 2015 and 2014, respectively.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Stockholders' Equity	Note 6 – Shareholders’ Equity
	Common Stock Issuance
	On January 19, 2015 (the “Closing Date”), the Company sold an aggregate of 4,330,000 units (each a “January Unit”) in a private placement (the “January Private Placement”) of its securities to certain investors at a purchase price of $0.10 per January Unit pursuant to subscription agreements for an aggregate purchase price of $433,000. Each January Unit in the January Private Placement consists of (i) one share of Common Stock and (ii) a warrant to purchase 2.5 shares of Common Stock at an exercise price of $0.10 per share (“January Warrant”). The January Units are subject to a “Most Favored Nations” provision and the January Warrants are subject to price protection in the event of lower priced issuances for a period of twenty four months from the Closing Date in the event the Company issues Common Stock or securities convertible into or exercisable for shares of Common Stock at a price per share or conversion or exercise price per share which shall be less than $0.10 per share, subject to certain customary exceptions. Additionally, the shares of Common Stock issued as part of the January Unit and issuable upon exercise of the January Warrants are subject to demand and piggy back registration rights. The January Warrant may be exercised on a cashless basis in the event there is no effective registration statement covering the resale of the Common Stock issuable upon exercise of the January Warrants. The January Warrants may be called for cancelation by the Company if: (i) the price per share exceeds $0.20 for 15 consecutive trading days, and (ii) the average daily dollar trading volume for such 15 consecutive trading days exceeds $50,000 per trading day. Because of the “Most Favored Nations” and call provision discussed above, the net value to shareholders’ equity is 0. The fair value of all components of the January Units was $952,600 ($649,500 attributed to the unit warrants, and $303,100 attributed to the derivative liability component with “Most Favored Nations” Provision), and as such the Company recorded a loss on issuance of January Unit of $519,600 for the three month ended March 31, 2015. (see FN 9 for assumptions)
	On January 23, 2015, the Company purchased 100 Spondoolies S35 digital currency mining servers from Spondoolies Tech Ltd. (“Spondoolies”) for $223,500 (the “Purchase Price”) pursuant to a purchase order agreement (the “Purchase Agreement”). $25,000 of the total Purchase Price was paid in the form of 250,000 shares of the Company’s common Stock.
	On January 26, 2015, the Company entered into a Share Redemption Agreement and Release (the “Redemption Agreement”) with Charles Kiser, its Executive Vice President pursuant to which Mr. Kiser agreed to return an aggregate of 250,000 shares of the Company’s Common Stock, held by him to the Company for cancellation in consideration for an aggregate payment of $2,500.
	On February 20, 2015, the Company issued 55,693 shares of Common Stock at a price of $0.26 to purchase hardware from a seller for $14,480.
	On March 26, 2015 the Company acquired 166,756 shares (an additional 2% equity ownership) of Coin Outlet from Eric Grill, Coin Outlet’s CEO, for 701,966 shares of the Company’s Common Stock. The Company now owns approximately 4.2% of Coin Outlet’s equity and has the ability to own up to 11% upon exercise of the Company’s previously issued option and warrant. Mr. Grill entered into a lock-up agreement with the Company with respect to his shares, pursuant to the lockup agreement Mr. Grill is prohibited from the sale of any his shares until after February 5, 2017. The Company assessed impairment for the Coin Outlet investment and determined that this investment is not recoverable and as such fully impaired it due to the steady price decline in Bitcoins throughout 2015. The Bitcoin Price Index was $319.70 and $243.39 as of December 31, 2014 and March 31, 2015, respectively. Total impairment was $154,433 for Coin Outlet.
	During the quarter ended March 31, 2015, a Preferred stockholder converted 2,200,000 shares of Series C Preferred Stock to 2,200,000 shares of Common Stock. This conversion was in accordance with the original terms of the Series C Preferred Stock agreement.
	During the quarter ended March 31, 2015, the Company converted accounts payable due to certain vendors of $143,694 into 552,669 shares of Common Stock. In addition to common shares issued, the Company also granted “Conversion Price Protection” to each vendor. For one year after the date of conversion if the Company issues any equity or an equity-linked security at a price less than $0.26 per common share it will result in the issuance of additional Common Stock in an amount equal to an amount such that total number of shares issued to the vendors will be equal to the number of shares that would have been issued had the accounts payable been converted at the subsequent lower offering price. The fair value of the Common Stock on each of the issuance date with “Conversion Price Protection” was $202,074. The Company recorded $58,380 of inducement expense associated with the issuance of the common shares. (based upon a Monte - Carlo Simulation) A summary of quantitative information with respect to valuation methodology for the three months ended March 31, 2015 is as follows:
	Date of valuation	February 18, 2015			February 18, 2015			5-Mar-15
	Fair value of Common Stock	$	0.32		$	0.32		$	0.24
	Dividend yield (per share)		0			0			0
	Strike price	$	0.26		$	0.26		$	0.26
	Volatility (annual)		123.36	%		123.36	%		124.56	%
	Risk-free rate		0.23	%		0.23	%		0.25	%
	Expected life (years)		5			5			5
	Stock Purchase Warrants
	The following is a summary of warrant activity for the three months ended March 31, 2015:
		Number of			Weighted Average
		Warrants			Exercise Price
	Outstanding as of December 31, 2014		875,000		$	0.1
	Issuance of warrants with Units – January 19, 2015*		10,825,000			0.1
	Outstanding as of March 31, 2015 **		11,700,000		$	0.1
	* The warrants contain most favor nation and call provision and the Company classifies these warrant instruments as liabilities measured at fair value and re-measures these instruments at fair value each reporting period. (See FN 9)
	Demand Registration Rights.
	The shares of Common Stock issuable upon conversion of Series C Shares or the warrant underlying the January Units are subject to “piggy-back” and “demand” registration rights until such shares of Common Stock may be sold under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”). The Company shall pay to holders a fee of 0.25% per month of the investors’ investment, payable in cash, for every thirty (30) day period up to a maximum of 3%, (i) following the filing date that the registration statement has not been filed and (ii) following the effectiveness date that the registration statement has not been declared effective; provided, however, that the Company shall not be obligated to pay any such liquidated damages if the Company is unable to fulfill its registration obligations as a result of rules, regulations, positions or releases issued or actions taken by the Commission pursuant to its authority with respect to “Rule 415”, and the Company registers at such time the maximum number of shares of Common Stock permissible upon consultation with the staff of the Commission. If during the effectiveness period, the number of registerable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a registration statement, the Company shall file as soon as reasonably practicable an additional registration statement covering the resale of not less than the number of such registerable securities.
	The Company accounts for obligations under the Registration Rights Agreement in accordance with ASC 450 “Contingencies,” which requires us to record a liability if the contingent loss is probable and the amount can be estimated. At March 31 2015, the Company has not recorded a liability pertaining to the Company’s obligations under the Registration Rights Agreement because the amount is not deemed probable.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 7 – Related Party Transactions
	On December 18, 2014, Charles Allen, the Company’s Chief Executive Officer contributed $7,990 of brand new digital currency mining hardware at cost in exchange for a promissory note (the “Allen Note”).  The Allen Note bears interest at a rate of 2% per year and is due on December 31, 2015.  The Allen Note may be prepaid, at our option, without premium or penalty, in whole or in part at any time or from time to time prior to the Allen Note maturity. On February 10, 2015, the Company paid back $3,000 on the Allen Note.
	On January 19, 2015, Michal Handerhan, the Company’s Chief Operating Officer loaned the Company $20,000 pursuant to Promissory Notes (the “Handerhan Note”).  The Handerhan Note bears interest at the rate of 2% per annum and matures on December 31, 2015.  The Handerhan Note may be prepaid, at the option of the Company, without premium or penalty, in whole or in part at any time or from time to time prior to the in maturity. On February 17, 2015, the Company paid back $3,000.
	As of March 31, 2015, the Company recorded $290 of accrued interest related to the Allen Note and the Handerhan Note.
	On January 19, 2015 (the “Closing Date”), the Company sold an aggregate of 4,330,000 units (each a “January Unit”) in a private placement (the “January Private Placement”) of its securities to certain investors at a purchase price of $0.10 per January Unit pursuant to subscription agreements for an aggregate purchase price of $433,000. Charles Allen, the Company’s Chief Executive Officer, and Michal Handerhan, the Company’s Chief Operating Officer, each purchased 50,000 January Units in the January Private Placement for $5,000 per executive.

Investment_at_Cost

Investment at Cost	3 Months Ended
	Mar. 31, 2015
Schedule of Investments [Abstract]
Investment at Cost	Note 8 – Investment at Cost
	On January 19, 2015, the Company entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Coin Outlet, Inc. (“Coin Outlet”) pursuant to which the Company purchased a convertible promissory note in the principal amount of $100,000 (the “Coin Outlet Note”). The Coin Outlet Note accrues interest at 4% per annum and matures on January 31, 2016. The Coin Outlet Note will convert, on or before the maturity date, upon the occurrence of Coin Outlet’s next equity financing (or series of financings) in which Coin Outlet receives gross proceeds of at least $1 million (the “Trigger Financing”). Upon the occurrence of a Trigger Financing, all outstanding principal on the Coin Outlet Note (and, at the Coin Outlet’s option, accrued but unpaid interest thereon), will convert into such Coin Outlet securities sold in the Trigger Financing at a price per share equal to 80% of the per share price of the securities sold in the Trigger Financing (the “Note Conversion Price”). In the event the Note Conversion Price exceeds the quotient of (x) $6 million divided by (y) Coin Outlet’s fully diluted capitalization (as calculated in the Coin Outlet Note) (such quotient, the “Fully Diluted Value”), then the Note Conversion Price shall equal the per share price of the securities sold in the Trigger Financing and Coin Outlet shall issue such additional number of shares of Coin Outlet to the Company such that the average purchase price per share of Coin Outlet common stock (including shares of Coin Outlet common stock issuable upon conversion of the Coin Outlet Note into the Trigger Financing) is equal to the Fully Diluted Value.
	On March 26, 2015 the Company acquired 166,756 shares (an additional 2% equity ownership) of Coin Outlet Inc. (“Coin Outlet”) from Eric Grill, Coin Outlet’s CEO, for 701,966 shares of the Company’s Common Stock (“Coin Outlet Investment”). The Company now owns approximately 4.2% of Coin Outlet’s equity and has the ability to own up to 11% upon exercise of its previously issued option and warrant. Mr. Grill entered into a lock-up agreement with the Company with respect to his shares, pursuant to the lockup agreement Mr. Grill is prohibited from the sale of any his shares until after February 5, 2017. (see Note 6)
	As of March 31, 2015, the Company assessed the carrying amount of this investment for potential impairment and determined that this investment is not recoverable due to uncertainties regarding the stability of digital currency markets and steady price decline in the US dollar equivalent of Bitcoins throughout 2015.  The Bitcoin Price Index was $319.70 and $243.39 as of December 31, 2014 and March 31, 2015, respectively. Total impairment was $254,433 for the Coin Outlet Note and Coin Outlet Investment. The fair value of investment was measured under Level 3 on a non-recurring basis.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Fair Value Measurements	Note 9 – Fair Value Measurements
	The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy.
	The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of March 31, 2015 and December 31, 2014:
		Fair value measured at March 31, 2015
		Total carrying			Quoted prices			Significant other		Significant
		value at			in active			observable inputs		unobservable
		31-Mar-15			markets			(Level 2)		inputs
					(Level 1)					(Level 3)
	Assets:
	Digital Currencies	$	19,944		$	19,944		$	-	$	-
	Liabilities:
	Derivative Liabilities	$	1,879,220		$	-		$	-	$	1,879,220
		Fair value measured at December 31, 2014
		Total carrying			Quoted prices			Significant other		Significant
		value at			in active			observable inputs		unobservable
		31-Dec-14			markets			(Level 2)		inputs
					(Level 1)					(Level 3)
	Digital Currencies	$	16,040		$	16,040		$	-	$	-
	Derivative liabilities as of March 31, 2015 consists of Unit warrants with call provision and most favored nation that was issued on January 19, 2015 in connection with the Company’s financing.
	There were no transfers between Level 1, 2 or 3 during the three months ended March 31, 2015.
	The following table presents additional information about Level 3 assets and liabilities measured at fair value. Both observable and unobservable inputs may be used to determine the fair value of positions that the Company has classified within the Level 3 category. As a result, the unrealized gains and losses for assets and liabilities within the Level 3 category may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs.
	Changes in Level 3 liabilities measured at fair value for the three months ended March 31, 2015:
	Balance - January 1, 2015	$	-
	Fair value of derivative liability on date of issuance (January 19, 2015)		952,600
	Change in fair value of derivative liability		926,620
	Balance - March 31, 2015	$	1,879,220
	A summary of quantitative information with respect to valuation methodology, estimated using a probability-weighted Black-Scholes option pricing model, which is comparable to a Binomial option pricing model, and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy for the three months ended March 31, 2015 is as follows:
		19-Jan-15			31-Mar-15
	Date of valuation
	Fair value of Common Stock	$	0.08		$	0.23
	Dividend yield (per share)		0	%		0	%
	Strike price	$	0.1		$	0.1
	Volatility (annual)		108.44	%		107.9	%
	Risk-free rate		1.29	%		1.37	%
	Expected life (years)		5			4.8
	The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management.

Stock_Based_Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Stock Based Compensation	Note 10 – Stock Based Compensation
	Compensation expense for all stock-based awards is measured on the grant date based on the fair value of the award and is recognized as an expense, on a straight-line basis, over the employee’s requisite service period (generally the vesting period of the equity award). The fair value of each option award is estimated on the grant date using a Black-Scholes option valuation model. Stock-based compensation expense is recognized only for those awards that are expected to vest using an estimated forfeiture rate. The Company estimates pre-vesting option forfeitures at the time of grant and reflects the impact of estimated pre-vesting option forfeitures in compensation expense recognized. For options and warrants issued to non-employees, the Company recognizes stock compensation costs utilizing the fair value methodology over the related period of benefit.
	Stock-based compensation expense was $1,369,376 and $1,343,794 for the three months ended March 31, 2015 and 2014, respectively.
	Stock Option Activity
	There is no stock option activities during the three months ended March 31, 2015.
	The Company’s policy, in the event of exercise, is to issue new shares to fulfill the requirements for options that are exercised. There are 12,450,000 options outstanding as of March 31, 2015, and none of those are exercisable. The outstanding options had weighted average exercise price of $0.10 and intrinsic value of $0.23. There is $4,142,896 of unrecognized compensation cost as of March 31, 2015, and will be amortized in 0.85 – 2 years.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies
Commitments and Contingencies	Note 11 – Commitments and Contingencies
	The Company has an operating sub-lease agreement ending on May 31, 2015 for its headquarters in Arlington, Virginia. Prepaid expenses include $24,073 of fixed minimum lease payment that is prepaid through May 31, 2015.
	On January 28, 2015, BTCS Digital Manufacturing a wholly owned subsidiary of the Company entered into a commercial lease agreement (the “Lease”). The term of the Lease commenced on January 28, 2015 and ends on January 25, 2017. The annual rental fee for the first and second year will be $58,271 and $66,750, respectively. The Company also has the option to purchase the property during the second year of the Lease term for a purchase price of $775,000 less the $10,000 security deposit and all lease payments.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Subsequent Events	Note 12 – Subsequent Events
	On April 20, 2015, the Company sold an aggregate of 7,708,342 Units (each a “April Unit”) of its securities in a private placement (the “April Private Placement”) to certain investors (the “Investors”) at a purchase price of $0.30 per April Unit pursuant to subscription agreements for an aggregate purchase price of $2,312,500. Each April Unit in the April Private Placement consists of (i) one share of Common Stock and (ii) a warrant to purchase 1.4 shares of Common Stock at an exercise price of $0.375 per share (“April Warrant”). The April Units are subject to a “Most Favored Nations” provision issuances for a period of twenty four months from the Closing Date in the event the Company issues Common Stock or securities convertible into or exercisable for shares of Common Stock at a price per share or conversion or exercise price per share which shall be less than $0.30 per share (such, issuance, a “Lower Price Issuance”), subject to certain customary exceptions. Furthermore, the exercise price of the April Warrants is subject to certain price protection provisions for a period of twenty four months in the event the Company issues a Lower Price Issuance such that the Company shall lower the April Warrant exercise price to the price that is the product of: (i) one hundred and twenty five percent (125%), and (ii) the issuance price of the Lower Price Issuance.
	The April Warrant may be exercised on a cashless basis in the event there is no effective registration statement covering the resale of the Common Stock issuable upon exercise of the April Warrants. The April Warrants may be called for cancelation by the Company if: (i) the volume weighted average price per share exceeds $0.938 for 15 consecutive trading days, and (ii) the average daily dollar trading volume for such 15 consecutive trading days exceeds $200,000 per trading day.
	The Company has undertaken, pursuant to the registration rights agreement (the “Registration Rights Agreement”) between the Company and each of the Investors to file a registration statement to register the shares of Common Stock issued as part of the April Units and issuable upon exercise of the April Warrants issued in the April Private Placement, within forty five days following the Closing Date, to have such registration statement declared effective by the Securities and Exchange Commission within one hundred and twenty days from such filing date and to maintain the effectiveness of the registration statement until all of the Common Stock and Conversion Shares, have been sold or are otherwise able to be sold pursuant to Rule 144. In the event the Company fails to file within the forty five day period or have such registration statement declared effective within the one hundred and twenty day period, the Company is obligated to pay liquidated damages to the Investors for every thirty days during which such filing is not made and/or effectiveness obtained, such fee being subject to certain exceptions.
	Charles Allen, the Company’s Chief Executive Officer and Michal Handerhan, the Company’s Chief Operating Officer each purchased 66,667 April Units for $20,000 per executive in the April Private Placement.
	On April 20, 2015, the Company issued an aggregate of 418,716 shares of Common Stock to its advisory board members.  Each of the nine members of the advisory board members received 46,524 shares of common stock.  The shares were issued pursuant to independent contractor agreements between the advisory board members and the Company dated October 1, 2014.
	On April 22, 2015, the Company issued 83,000 shares of Common Stock at a per share price of $0.31 to Chord Advisors, LLC (“Chord”). The shares were issued pursuant to a conversion agreement (the “Conversion Agreement”) for an aggregate conversion amount of $25,730. The conversion amount was in consideration for financial advisory services.
	On April 24, 2015, the Company issued of 32,258 shares of Common Stock at a per share price of $0.31 to Chord. The shares were issued pursuant to a conversion agreement (the “Conversion Agreement”) for an aggregate conversion amount of $10,000. The conversion amount was in consideration for financial advisory services in connection with derivative liability accounting.
	On May 4, 2015, the Company issued of 16,129 shares of Common Stock at a per share price of $0.31 to Chord. The shares were issued pursuant to a conversion agreement (the “Conversion Agreement”) for an aggregate conversion amount of $5,000. The conversion amount was in consideration for financial advisory services in connection with derivative liability accounting.
	On May 4, 2015, the Company repaid $10,000 in principal of the promissory note issued to Michal Handerhan, the Company’s Chief Operating Officer, on January 19, 2015. The remaining balance of the promissory note, including principal and accrued interest is $7,108.
	On May 8, 2015, the Company paid in full the remaining balance of the promissory note issued to Charles Allen, the Company’s Chief Executive Officer on December 18, 2014, including $4,990 in principal and $48 in accrued interest.
	On May 12, 2015, the Company agreed to convert accrued and unpaid salaries owed to Charles Allen, the Company’s Chief Executive Officer, and Michal Handerhan, the Company’s Chief Operating Officer (collectively the “Employees”) into shares of Common Stock pursuant to conversion agreements (collectively, the “Salary Conversion Agreements”). The Company recorded $27,000 accrued salaries as of March 31, 2015. Charles Allen converted $25,000 of accrued and unpaid salary for the months of March 2015 and April 2015 into 50,000 share of Common Stock at a per share price of $0.50. Michal Handerhan converted $25,000 of accrued and unpaid salary for the months of March 2015 and April 2015 into 50,000 share of Common Stock at a per share price of $0.50.
	On May 12, 2015, Bitcoin Shop, Inc. (the “Company”) entered into a Series B Preferred Share Purchase Agreement (the “Share Purchase Agreement”) and the Management Rights Letter (the “Rights Letter”) with Spondoolies Tech Ltd. (“Spondoolies”) a Bitcoin equipment manufacturer, by way of a joinder agreement (the “Joinder Agreement”) pursuant to which the Company purchased 29,092 Series B Preferred Shares of Spondoolies (the “Series B Shares”) for an aggregate purchase price of $1,500,000 (the “Investment”). After giving effect to the Investment, the Company owns approximately 6.6% of Spondoolies’ equity on a fully diluted basis. The Series B Preferred Shares are convertible into Spondoolies’ ordinary shares by dividing the original issuance price of the Series B Preferred Shares ($51.56) by the initial conversion price ($51.56) (the “Conversion Price”). Until Spondoolies consummates a “Qualified IPO” (as defined substantially as an initial firm commitment underwritten public offering of Spondoolies’ ordinary shares with net proceeds to Spondoolies of not less than $40 million), the Series B Preferred shares are subject to anti-dilution protection in the event Spondoolies issues ordinary shares or securities convertible into or exercisable for ordinary shares at a price per share or conversion or exercise price per share which shall be less than Conversion Price then in effect, subject to certain customary exceptions. The Conversion Price is subject to adjustment in the event of stock splits, stock dividends, combination of shares and similar recapitalization transactions. The Series B Shares are also entitled to certain preemptive rights, and a liquidation preference in the event of dissolution of Spondoolies. The Series B Preferred Shares are automatically convertible into ordinary shares of Spondoolies upon the occurrence of a Qualified IPO. In connection with the Company’s purchase of the Series B Preferred Shares, the Company and Spondoolies executed the Rights Letter which provided the Company with certain rights, including inspection rights, and information rights with respect to Spondoolies financial statements, appurtenant to the Investment.
	On May 12, 2015, the Company and Spondoolies entered into a letter agreement (the “Letter Agreement”) to clarify and expand upon certain terms related to a proposed merger (“Proposed Merger”) contained in the LOI. Under the terms of the Letter Agreement, Spondoolies agreed to provide to the Company: (i) certain exclusivity rights for a period of nine months (the “Term”) with respect to any proposals or offers from, or enter into any agreements with, any third party relating to (a) any investment in, or acquisition of, equity interests of Spondoolies or (b) any possible sale or other disposition of all or any material portion of assets of Spondoolies; (ii) a breakup fee of $50,000 payable by Spondoolies, if the Proposed Merger is not consummated during the Term as a result of certain circumstances; (iii) a breakup fee of $1,000,000 if the Proposed Merger is not consummated because the approval of Spondoolies’ board of directors or shareholders for the Proposed Merger is not obtained and a competing deal is consummated, during the Term; and (iv) Spondoolies agreed to continue to sell its products to the Company for a period of 3 years, if the Proposed Merger is not consummated and Spondoolies continues to design and manufacture ASIC digital currency mining hardware.
	On May 13, 2015, the Company paid in full the remaining balance of the promissory note issued to Michal Handerhan, the Company’s Chief Operating Officer, on January 19, 2015, including $7,000 in principal and $108 in accrued interest.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Transaction Verification Services	Transaction Verification Services
	Revenue earned from Bitcoin processing activities (“Transaction Verification Services”), commonly termed ‘mining’ activities, is recognized at the fair value of the Bitcoins received as consideration on the date of actual receipt.
	The Company generates revenue by performing computer processing activities for bitcoin generation. In the crypto-currency industry such activity is generally referred to as Bitcoin mining. The Company receives consideration for performing such Bitcoin mining activities in the form of Bitcoins. Revenue is recorded upon the actual receipt of Bitcoins.
	Power and mining expenses consist of utilities paid to 3rd parties in relation to Bitcoin mining activities. The expenses related to our Bitcoin mining activities are affected by the level of activities and not the ultimate generation of Bitcoins. The Company expenses these costs as they are incurred.
Earnings per Share	Earnings per Share
	Basic earnings per share (“EPS”) is computed by dividing net loss applicable to common stock by the weighted-average number of common shares outstanding during the period.
	For purposes of calculating basic and diluted earnings per share, vested restricted stock awards are considered outstanding. Under the treasury stock method, diluted EPS reflects the potential dilution that could occur if securities or other instruments that are convertible into common stock were exercised or could result in the issuance of common stock. The following financial instruments were not included in the diluted loss per share calculation for the three months ended March 31, 2015 because their effect was anti-dilutive:
		As of
		31-Mar-15
	Stock options		12,450,000
	Warrants		11,700,000
	Excluded potentially dilutive securities		24,150,000
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which require debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. ASU 2015-03 is effective for the interim and annual periods ending after December 15, 2015. The Company does not expect any material impact from adoption of this guidance on the Company’s condensed consolidated financial statements.
Subsequent Events	Subsequent events
	Subsequent events have been evaluated through the date of this filing.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of Earnings Per Share Anti-Diluted	The following financial instruments were not included in the diluted loss per share calculation for the three months ended March 31, 2015 because their effect was anti-dilutive:
		As of
		31-Mar-15
	Stock options		12,450,000
	Warrants		11,700,000
	Excluded potentially dilutive securities		24,150,000

Property_And_Equipment_Tables

Property And Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property And Equipment, Net	Property and equipment consist of the following at March 31, 2015 and December 31, 2014:
		31-Mar-15			31-Dec-14
	Equipment	$	50,945		$	14,189
	Computer		4,085			3,469
	Transaction verification servers		438,431			194,891
			493,461			212,549
	Accumulated depreciation		(68,254	)		(22,359	)
	Property and equipment, net	$	425,207		$	190,190

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Tables
Summary of Fair Value of Valuation Assumptions	A summary of quantitative information with respect to valuation methodology for the three months ended March 31, 2015 is as follows:
	Date of valuation	February 18, 2015			February 18, 2015			5-Mar-15
	Fair value of Common Stock	$	0.32		$	0.32		$	0.24
	Dividend yield (per share)		0			0			0
	Strike price	$	0.26		$	0.26		$	0.26
	Volatility (annual)		123.36	%		123.36	%		124.56	%
	Risk-free rate		0.23	%		0.23	%		0.25	%
	Expected life (years)		5			5			5
Summary of Warrant Activity	The following is a summary of warrant activity for the three months ended March 31, 2015:
		Number of			Weighted Average
		Warrants			Exercise Price
	Outstanding as of December 31, 2014		875,000		$	0.1
	Issuance of warrants with Units – January 19, 2015*		10,825,000			0.1
	Outstanding as of March 31, 2015 **		11,700,000		$	0.1
	* The warrants contain most favor nation and call provision and the Company classifies these warrant instruments as liabilities measured at fair value and re-measures these instruments at fair value each reporting period. (See FN 9)

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Fair Value liabilities Measured at Fair Value on Recurring Basis	The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of March 31, 2015 and December 31, 2014:
		Fair value measured at March 31, 2015
		Total carrying			Quoted prices			Significant other		Significant
		value at			in active			observable inputs		unobservable
		31-Mar-15			markets			(Level 2)		inputs
					(Level 1)					(Level 3)
	Assets:
	Digital Currencies	$	19,944		$	19,944		$	-	$	-
	Liabilities:
	Derivative Liabilities	$	1,879,220		$	-		$	-	$	1,879,220
		Fair value measured at December 31, 2014
		Total carrying			Quoted prices			Significant other		Significant
		value at			in active			observable inputs		unobservable
		31-Dec-14			markets			(Level 2)		inputs
					(Level 1)					(Level 3)
	Digital Currencies	$	16,040		$	16,040		$	-	$	-
Schedule of Changes in Level 3 Liabilities Measured at Fair Value	Changes in Level 3 liabilities measured at fair value for the three months ended March 31, 2015:
	Balance - January 1, 2015	$	-
	Fair value of derivative liability on date of issuance (January 19, 2015)		952,600
	Change in fair value of derivative liability		926,620
	Balance - March 31, 2015	$	1,879,220
Summary of Quantitative Information to Valuation Methodology	A summary of quantitative information with respect to valuation methodology, estimated using a probability-weighted Black-Scholes option pricing model, which is comparable to a Binomial option pricing model, and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy for the three months ended March 31, 2015 is as follows:
		19-Jan-15			31-Mar-15
	Date of valuation
	Fair value of Common Stock	$	0.08		$	0.23
	Dividend yield (per share)		0	%		0	%
	Strike price	$	0.1		$	0.1
	Volatility (annual)		108.44	%		107.9	%
	Risk-free rate		1.29	%		1.37	%
	Expected life (years)		5			4.8

Business_Organization_and_Natu1

Business Organization and Nature of Operations (Details Narrative) (Bitcoin Shop Us LLC [Member])	0 Months Ended
	Feb. 05, 2014
Bitcoin Shop Us LLC [Member]
Shares issued for membership interests	100,773,923

Liquidity_Financial_Condition_1

Liquidity, Financial Condition and Management's Plans (Details Narrative) (USD $)	0 Months Ended	3 Months Ended
	Jan. 19, 2015	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Proceeds from private placement	$433,000
Proceeds from notes payable	20,000
Net cash used in operating activities		-101,367	-258,631
Net loss		-3,349,546	-1,451,744
Cash		3,697	1,409,131	5,403	9,052
Working capital deficiency		2,100,000
Handerhan (COO) [Member]
Proceeds from notes payable	$45,000

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Schedule of Earnings Per Share Anti-Diluted (Details)	3 Months Ended
	Mar. 31, 2015
Stock Options [Member]
Anti dilutive shares excluded	12,450,000
Warrant [Member]
Anti dilutive shares excluded	11,700,000
Excluded Potentially Dilutive Securities [Member]
Anti dilutive shares excluded	24,150,000

Property_and_Equipment_Details

Property and Equipment (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$333	$46,600

Property_And_Equipment_Schedul

Property And Equipment - Schedule of Property And Equipment, Net (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Equipment	$50,945	$14,189
Computer	4,085	3,469
Transaction verification servers	438,431	194,891
Property plant and equipment, gross	493,461	212,549
Less: accumulated depreciation	-68,254	-22,359
Property and equipment, net	$425,207	$190,190

Stockholders_Equity_Details_Na

Stockholders' Equity (Details Narrative) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 26, 2015	Jan. 23, 2015	Feb. 20, 2015	Mar. 26, 2015	Jan. 19, 2015	Dec. 31, 2014
				Integer
Fair value of January Units	$952,600
Derivative liability warrants	649,500
Derivative liability	303,100
Loss on issuance of units	519,600
Number of common stock return	-2,500
Bitcoin index price	$243.39							$319.70
Impairment charges	154,433
Inducement expense	58,380
Percentage of fees per month	0.25%
Percentage of investment payable in cash	$0.03
Percentage of registerable securities	$1
Redemption Agreement [Member] | Charles Kiser [Member]
Number of common stock shares return			250,000
Number of common stock return			2,500
Series C Preferred Stock Agreement [Member]
Conversion of Series C Convertible Preferred to common stock, Shares	2,200,000
Conversion of accounts payable to common stock, Shares	143,694
Conversion of accounts payable to common stock	552,669
Equity price per share	$0.26
Fair value of common stock grants	202,074
Spondoolies Tech Ltd. [Member] | Purchase Agreement [Member]
Number of Spondoolies purchased				100
Number of digital currency mining servers purchased				35
Purchase price of assets				223,500
Issuance of common stock for asset purchase, Shares				250,000
Issuance of common stock for asset purchase				25,000
Seller [Member]
Number of common stock unit sold					55,693
Common stock purchase price per share					$0.26
Number of common stock sold					14,480
Coin Outlet [Member]
Issuance of common stock for acquisition, share						166,756
Percentage of additional equity ownership						2.00%
Issuance of common stock shares for stock compensation						701,966
Percentage of equity ownership						4.20%
Percentage of equity ownership ability increase upto exercise of previously issued option and warrant						11.00%
January Private Placement [Member]
Number of common stock unit sold							4,330,000
Common stock purchase price per share							$0.10
Number of common stock sold							433,000
Issuance of warrants to purchase of common stock							2.5
Common stock exercise price per share							$0.10
Stock conversation price per share							$0.10
Warrant price per share exceeds							$0.20
Average daily dollar trading volume exceeds per trading day							50,000
Net value to shareholders' equity							$0

Stockholders_Equity_Summary_of

Stockholders' Equity - Summary of Fair Value of Valuation Assumptions (Details) (USD $)	0 Months Ended			3 Months Ended
	Mar. 05, 2015	Feb. 18, 2015	Jan. 19, 2015	Mar. 31, 2015
Equity [Abstract]
Fair value of common stock	$0.24	$0.32	$0.08	$0.23
Dividend yield (per share)	$0	$0	$0	$0
Strike price	$0.26	$0.26	$0.10	$0.10
Volatility (annual)	124.56%	123.36%	108.44%	107.90%
Risk-free rate	0.25%	0.23%	1.29%	1.37%
Expected life (years)	5 years	5 years	5 years	4 years 9 months 18 days

Shareholders_Equity_Summary_of

Shareholders' Equity - Summary of Warrant Activity (Details) (Warrant [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Warrant [Member]
Number of Warrants Outstanding Beginning Balance	875,000
Number of Warrants Outstanding Issuance of warrants with Units - January 19, 2015*	10,825,000	[1]
Number of Warrants Outstanding Ending Balance	11,700,000
Weighted Average Exercise Price Outstanding Beginning Balance	$0.10
Weighted Average Exercise Price Outstanding Issuance of warrants with Units - January 19, 2015*	$0.10	[1]
Weighted Average Exercise Price Outstanding Ending Balance	$0.10
[1]	The warrants contain most favor nation and call provision and the Company classifies these warrant instruments as liabilities measured at fair value and re-measures these instruments at fair value each reporting period. (See FN 9)

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	0 Months Ended
	Feb. 17, 2015	Jan. 19, 2015	Feb. 10, 2015	Dec. 18, 2014	Mar. 31, 2015
Repayment of note payable	$3,000
January Private Placement [Member]
Number of common stock unit sold		4,330,000
Common stock purchase price per share		$0.10
Number of common stock sold		433,000
Allen Note [Member]
Accrued interest relate to note					290
HanderhanNote[Member]
Accrued interest relate to note					1,100
Charles Allen [Member]
Number of common stock shares purchased		50,000
Number of common stock purchased		5,000
Charles Allen [Member] | Allen Note [Member]
Loan from related party				7,990
Note bear interest rate				2.00%
Note due date				31-Dec-15
Repayment of note payable			3,000
Michal Handerhan [Member]
Accrued interest relate to note		108
Number of common stock shares purchased		50,000
Number of common stock purchased		5,000
Michal Handerhan [Member] | HanderhanNote[Member]
Loan from related party		$20,000
Note bear interest rate		2.00%
Note due date		31-Dec-15

Investment_at_Cost_Details_Nar

Investment at Cost (Details Narrative) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 26, 2015	Jan. 19, 2015	Dec. 31, 2014
Bitcoin index price	$243.39				$319.70
Investment impairment	$254,433
Coin Outlet [Member]
Issuance of common stock for acquisition, share			166,756
Percentage of additional equity ownership			2.00%
Issuance of common stock shares for stock compensation			701,966
Percentage of equity ownership			4.20%
Percentage of equity ownership ability increase upto exercise of previously issued option and warrant			11.00%
Purchase Agreement [Member] | Coin Outlet [Member]
Convertible promissory note principal amount				100,000
Note accrues interest rate				4.00%
Note maturity date				31-Jan-16
Proceeds from convertible promissory note				1,000,000
Percentage of sale of price per shares				80.00%
Note conversion price exceeds				$600,000

Fair_Value_Measurements_Summar

Fair Value Measurements - Summary of Fair Value liabilities Measured at Fair Value on Recurring Basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Digital currencies	$19,944	$16,040
Derivative Liabilities	1,879,220
Level 1 [Member]
Digital currencies	19,944	16,040
Derivative Liabilities
Fair Value, Inputs, Level 2 [Member]
Digital currencies
Derivative Liabilities
Fair Value, Inputs, Level 3 [Member]
Digital currencies
Derivative Liabilities	$1,879,220

Fair_Value_Measurements_Schedu

Fair Value Measurements - Schedule of Changes in Level 3 Liabilities Measured at Fair Value (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Fair Value Measurements - Schedule Of Changes In Level 3 Liabilities Measured At Fair Value Details
Beginning balance
Fair value of derivative liability on date of issuance (January 19, 2015)	952,600
Change in fair value of warrant liability	926,620	-109,000
Ending balance	$1,879,220

Fair_Value_Measurement_Summary

Fair Value Measurement - Summary of Quantitative Information to Valuation Methodology (Details) (USD $)	0 Months Ended			3 Months Ended
	Mar. 05, 2015	Feb. 18, 2015	Jan. 19, 2015	Mar. 31, 2015
Earnings Per Share [Abstract]
Fair value of common stock	$0.24	$0.32	$0.08	$0.23
Dividend yield (per share)	$0	$0	$0	$0
Strike price	$0.26	$0.26	$0.10	$0.10
Volatility (annual)	124.56%	123.36%	108.44%	107.90%
Risk-free rate	0.25%	0.23%	1.29%	1.37%
Expected life (years)	5 years	5 years	5 years	4 years 9 months 18 days

Stock_Based_Compensation_Detai

Stock Based Compensation (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock-based compensation expense	$1,369,376	$1,343,794
Stock option outstanding shares	12,450,000
Stock option outstanding weighted average exercise price	$0.10
Stock option outstanding instrinsic value	$0.23
Unrecognized compensation cost	$4,142,896
Minimum [Member]
Stock option amortized year	10 months 6 days
Maximum [Member]
Stock option amortized year	2 years

Commitments_and_Contingencies_

Commitments and Contingencies (Details Narrative) (USD $)	Mar. 31, 2015	Jan. 28, 2015
Commitments And Contingencies
Prepaid expenses of fixed minimum lease payment	$24,073
Annual rental fee first year		58,271
Annual rental fee second year		66,750
Security deposit		10,000
Option, purchase price		$775,000

Subsequent_Events_Details_Narr

Subsequent Events (Details Narrative) (USD $)	0 Months Ended
	Feb. 17, 2015	Jan. 19, 2015	Apr. 20, 2015	4-May-15	Apr. 20, 2015	Apr. 24, 2015	Apr. 22, 2015	12-May-15	8-May-15	Mar. 31, 2015
Proceeds from private placements		$433,000
Repayment of promissory note	3,000
Charles Allen [Member]
Number of common stock shares purchased		50,000
Michal Handerhan [Member]
Number of common stock shares purchased		50,000
Promissory note principal amount		7,000
Accrued interest		108
Subsequent Event [Member] | Charles Allen [Member]
Number of common stock shares purchased			66,667
Proceeds from private placements			20,000
Promissory note principal amount									4,990
Accrued interest									48
Accrued salaries current										27,000
Subsequent Event [Member] | Michal Handerhan [Member]
Number of common stock shares purchased			66,667
Proceeds from private placements			20,000
Repayment of promissory note				10,000
Remaining balance of promissory note including principal and accrued interest				7,108
Accrued salaries current										27,000
Subsequent Event [Member] | Advisory Board Members [Member]
Number of stock shares issued during period					418,716
Subsequent Event [Member] | Nine Advisory Board [Member]
Number of stock shares issued during period					46,524
Conversion Agreement [Member] | Subsequent Event [Member]
Issuance of common stock shares for services				16,129		32,258	83,000
Common stock price per share				$0.31		$0.31	$0.31
Issuance of common stock for services				5,000		10,000	25,730
Conversion Agreement [Member] | Subsequent Event [Member] | Charles Allen [Member]
Common stock price per share								$0.50
Value of accrued and unpaid salary that converted into common stock								25,000
Issuance of common stock for accrued and unpaid salary								50,000
Conversion Agreement [Member] | Subsequent Event [Member] | Michal Handerhan [Member]
Common stock price per share								$0.50
Value of accrued and unpaid salary that converted into common stock								25,000
Issuance of common stock for accrued and unpaid salary								50,000
Share Purchase Agreement [Member] | Subsequent Event [Member] | Spondoolies Tech Ltd. [Member] | Series B Preferred Stock [Member]
Number of preferred stock shares purchased								29,092
Number of preferred stock purchased								1,500,000
Percentage of equity owned on fully dilute basis								6.60%
Preferred stock original issuance price per share								$51.56
Preferred stock initial conversation price per share								$51.56
Proceeds from issuance of public offering								40,000,000
Letter Agreement [Member] | Subsequent Event [Member] | Spondoolies Tech Ltd. [Member]
Breakup fee payable								50,000
Letter Agreement [Member] | Subsequent Event [Member] | Board Of Directors Or Shareholders [Member] | Spondoolies Tech Ltd. [Member]
Breakup fee payable								1,000,000
Letter agreement period								3 years
April Private Placement [Member] | Subscription Agreements [Member] | Subsequent Event [Member]
Number of common stock unit sold			7,708,342
Common stock purchase price per share			$0.30		$0.30
Issuance of warrants to purchase of common stock			1.4
Common stock exercise price per share			$0.38		$0.38
Stock conversation price per share			$0.30		$0.30
Percentage of lower exercise price of product			125.00%
Warrant weighted average price per share exceeds			$0.94		$0.94
Average daily dollar trading exceeds volume, per day			200,000		200,000
Number of stock shares issued during period			$2,312,500