Live streaming company Streamin' Garage has announced plans to launch the world's first bitcoin-only game show: “Take my Bitcoins”.

The unconventional programme

is already in production and it is sponsored by Butterfly Labs, one of the best-known and increasingly controversial providers of bitcoin mining hardware. In recent months, the company has come under fire from miners who are still waiting for products, following lengthy production and delivery delays.

"Take my Bitcoins" will offer contestants a chance to win thousands of dollars worth of bitcoin every week. The show will be co-hosted by celebrities and gameplay will include various online activities, ranging from social media to chat rooms and live call-ins via Skype and Google Voice.

Streamin' Garage says there is no limit to how many people can win, as the games will continue until the show's bitcoin wallet is empty.

"Streamin' Garage has always strived to break new ground in original online production," said Streamin' Garage founder, Mike Rotman.

Jeff Ownby, VP of Marketing at Butterfly Labs said the company is pleased to lend a helping hand in the creation of the show, which he described as a significant step in broadening awareness about bitcoin and cryptocurrency in general.

"We couldn't be more excited to sponsor this trailblazing event that will feature the first bitcoin miner ever to be used by a customer exclusively for game show prizes," said Ownby.

"Take my Bitcoins" will premiere on 3rd April, at 8pm Pacific Time and you can check it out on takemybitcoins.tv.

There is some fun to be had even if you're not too keen to enter the show. Free bitcoins are up for grabs and the producers want you to guess how many bitcoins will be mined in time for the first show.

Although the name Streamin' Garage implies a certain level of garage-level production, this is not the case. The company was founded by Mike Rotman, who worked on Politically Incorrect with Bill Maher, South Park and The Simple Life.