Exclusive Interview With Jihan Wu of Bitmain on S7, Block Size Debate and More
The current Bitcoin block size debate has dragged in everyone from all corners of the Bitcoin industry. Miners and Mining pools have recently begun to have their say, with nearly all of them supporting an increase in block size. However, with over 62% supporting the BIP100 variant, the XT proposal has been left for dead. At any rate, XT sparked a needed debate in the Bitcoin community. While all of this has been going on, Bitmain again surprised everyone with the release of the Antminer S7. The S7 was made using an optimized 28nm process that allowed them to get 0.25 J/GH. The BM1385 is....
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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....
During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener. Bitmain’s Cofounder Jihan Wu Is Optimistic About the Future of Cryptocurrencies and Mining Two weeks ago, Bitdeer Group, the corporate organization behind the web portal bitdeer.com, announced the firm has been granted funding for $12 million from the Hong....
Bitmain recently announced the Antminer S7 specs using their new BM1385 ASIC. This step is a big one, as the S7 is shipping to anyone around the world from small home miners to large data centers. Many other manufacturers are only using in-house or for the certain large mining operations that have announced new chips. Recently, we interviewed Jihan Wu co-founder of Bitmain. After the interview, Jihan sent a Bitmain Antminer S7 to review. The miner is an excellent step up from current offerings on the market. Let’s look at the specifications. Hash Rate: 4.86 TH/s. Power Consumption: 1210 W....
Bitcoin Core developers and leading mining firms have come to a consensus on the block size debate. On February 21, 2016, representatives of the Bitcoin industry and Bitcoin Core developers have finally come to a consensus to settle the never-ending block size debate. The meeting was participated by Bitcoin Core developers and representatives of leading bitcoin mining firms and exchanges including Antpool, BitFury, Bitmain, Bit-X, Blockcloud, BTCC, BW, Coinfloor F2Pool, Genesis Mining, HaoBTC, Huobi, Ledger, OKCoin and Spoodoolies-Tech. All representatives of the abovementioned companies....
As much as most people would like to think otherwise, the Bitcoin block size debate is far from over. Various new proposals have been suggested in the past, and another interesting concept was posted on Reddit earlier today. According to this user, a small block size increase should be done first, followed by the integration of Segregated Witness. Addressing the key issue as soon as possible should be the top priority for all Bitcoin developers. Based on the findings of the Reddit in question, Segregated Witness should not be the first and foremost solution to settling the Bitcoin block....