Valery Vavilov of BitFury on the 16nm Bitcoin ASIC
BitFury recently announced its completion and roll out of their 16nm ASIC for processing Bitcoin transactions. They are also going to be selling direct to customers large and small, which is a change from the last few generations of their chips. Valery Vavilov the Founder and CEO of BitFury was able to answer a couple questions on the new chip and the....
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At the North American Bitcoin Conference in Miami, we were able to sit down for a one-on-one interview with Valery Vavilov, CEO of BitFury. So many changes have happened over the past couple years in the Bitcoin Transaction Processing industry (Bitcoin Mining), and many Bitcoin mining companies have began to branch out. BitFury has not only invested in and developed new technologies, but has also continued investing in themselves; the company’s talented team and stellar board of advisors continues to grow. BitFury secured significant capital funding in 2014, has just announced the roll out....
Bitcoin mining company BitFury’s CEO Valery Vavilov has been clear on the company’s stance in the Bitcoin block size debate. When we contacted him for his thoughts on the debate, Valery sent a full statement detailing where BitFury stood on the issue and why. While going over this statement with BitFury, they gave us access to the news of their new 16nm chip announcement. The timing of this release follows its climb to the second largest hash rate provider in the world. Furthermore, BitFury is aggressively building out its 100 MW data center in Georgia. Valery’s well thought out statement....
Bitcoin blockchain infrastructure provider BitFury Group has officially announced the mass production of the fastest and most effective 16nm Application Specific Integrated Circuit (ASIC) chip ever, that will bring unmatched energy efficiency to the Bitcoin network. Bitcoin mining requires heavy doses of electricity, which has compelled people to raise questions about the environmental impacts of the process. Bloomberg once called Bitcoin Mining a Real-World Environmental Disaster. Valery Vavilov, CEO of BitFury, said in the press release: "We are very excited to launch mass production of....
BitFury, the third-largest mining operation by total hashrate, announced in December that it will be mass-producing its custom 16nm ASIC chip and selling the chip directly to consumers. “Each chip will achieve 40-55 GH/s at the highest possible efficiency of 0.055-0.07 J/GH. From 55 GH/s to 180 GH/s the chop follows nearly linear slop of efficiency from ~0.06 J/GH to 0.2 J/GH,” said Valery Vavilov, CEO of BitFury, in an interview with Bitcoin Magazine . Further, the 16nm chip is capable of running with a power supply voltage of 0.35 V. The cooling mechanism used with these mining chips is....
BitFury has announced it has completed the tape-out for its 16NM ASIC bitcoin mining chips, which were first revealed to be in production in February. The chip will achieve energy efficiency of 0.06 joules per gigahash, compared to the 0.2 joules per gigahash of its 28nm predecessor. BitFury suggested the chip will deliver "four times the compute power" of its previous 28NM chip. The startup, which has so far raised $60m in VC financing, used the announcement to tout its commitment to green energy, the strength of its immersion cooling process and what it called an ability to compete in a....