BitFury Unveils Fastest Bitcoin Mining Chip Ever Created
The Bitcoin mining game has undergone several evolutionary steps over the past few years. As mining chips became smaller and smaller, the question became whether or not hardware manufacturers could keep on improving certain aspects. BitFury seems to have cracked the code, as they recently announced the mass production of the fasted – and most effective –....
Related News
Bitcoin mining giant BitFury has announced it has completed the manufacturing of its anticipated 28nm ASIC chip. BitFury first revealed the development of the chip in the fall of last year, at the time raising $20m in funding for the project from investors including venture capitalist Bill Tai, current BitFury board member and former VeriFone CFO Bob Dykes and the Georgian Co-Investment Fund. CEO Valery Vavilov sought to frame the announcement as part of BitFury's overall drive to keep chip efficiency in line with the rising difficulty of the bitcoin mining network, calling the chip the....
Veteran ASIC chip producer BitFury announced yesterday via Twitter that they are “finally” coming to market with a 16-nanometer chip which will be, reportedly, the fastest chip on record. According to their own website, the chip will produce up to 180 gigahashes per second, per chip. The news mainly affects ASIC miner producers, since small-scale, consumer-facing sales are not the purview of BitFury. Effectively, this would mean a 1 terrahash rig would only require 6 chips total, massively decreasing the size of future mining hardware. For some perspective, one of the earliest 1 TH/s rigs....
Bitfury, the best-funded miner through investments has today announced the mass production of its 16nm Application Specific Integrated Circuit (ASIC) Chip, a project that was in development since the beginning of 2015. Bitcoin mining behemoth BitFury has revealed that it will begin mass production of its 16 nm mining chips following testing that has met expectations. The company revealed 40 gigahash per second design target for the chip, with a power efficiency of 0.06 joules per gigahash, a figure that hasn't been attained in the industry, yet. The company cites "rigorous testing," with....
BitFury has completed manufacturing their new 28nm Bitcoin ASIC miner chip. This a big step from their current 55nm chip. BitFury had a great 2014 bringing in $40 million in venture capital funding. Valery Vavilov, the CEO of BitFury, has also made moves to other parts of the Bitcoin industry partnering with BitGo and looking beyond just processing Bitcoin transactions. Also Read: Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling. The details of the chip have been discussed since last fall. The current spiking of the global hash rate speculation is that it was....
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....