Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Miners

Uniquify, HashFast Ink Agreement to Produce ASICs to Increase Hashing Speed for Bitcoin Miners

Uniquify (www.uniquify.com) today signed a multi-year agreement with HashFast Technologies to design and provide silicon fabrication services for a new generation of application specific integrated circuits (ASICs) expected to dramatically increase hashing speed for Bitcoin miners.

Under terms of the agreement, HashFast Technologies, a pioneer in custom designs of ASIC chips for cryptographic hashing, will use Uniquify's technology for the production of ASIC chips for cryptographic hashing.

The strategic partnership between HashFast and Uniquify, a leading high-performance semiconductor intellectual property (IP) and system-on-chip (SoC) design, integration and manufacturing services supplier, is poised to move HashFast to the forefront of the cryptographic hashing industry.

"Bitcoin mining is a fast-moving and highly competitive market," says Simon Barber, HashFast founder and chief technology officer. "We chose Uniquify because we needed a partner who could produce the highest quality chip design, and get us to tape-out in record time."

HashFast Technologies will announce auctions and specifications of the new chip over the next several weeks, marking the beginning of a new wave of hashing that will allow Bitcoin miners to work at dramatically faster speeds.

"The HashFast chip will give Bitcoin miners significant advantages in both speed and resources," remarks Josh Lee, Uniquify's chief executive officer. "We're delighted to work with HashFast and look forward to its entry into the market."

About HashFast Technologies

HashFast Technologies is a fabless semiconductor manufacturer specializing in extreme performance cryptographic ASICs. San Francisco-based HashFast was founded in 2013 by Simon Barber and Eduardo de Castro. HashFast completed its first funding round in July 2013.

More details about HashFast Technologies can be found at: http://www.HashFast.com/

About Uniquify

Headquartered in San Jose, Calif., Uniquify is a privately held, rapidly growing system-on-chip (SoC) design, integration and manufacturing services supplier, and innovative developer and provider of high-performance semiconductor IP. Its "ideas2silicon" services range from spec development and front-end design through physical design and delivery of packaged, tested chips. Uniquify's headquarters and primary design center is in San Jose with additional design teams in Pune, India, and Seoul, Korea. With more than 100 employees, Uniquify offers 65-, 40- and 28-nanometer SoC design expertise, integration and manufacturing services and high-performance IP to leading semiconductor and system companies worldwide.

Additional information about Uniquify can be found at: http://www.uniquify.com/

ideas2silicon is a trademark of Uniquify. Uniquify acknowledges trademarks or registered trademarks of other organizations for their respective products and services.

Related News

Litecoin and ASICS: Effect on Market

We all know that Scrypt ASICS are now available for purchase, and miners have been hashing away at Scrypt coins, leaving GPU miners to scramble to under algorithms, most popular being Scrypt-n and x-11. Scrypt ASICS may have also had a negative effect on prices, for Darkcoin and Vertcoin. Darkcoin is the most popular X11 coin, and Vertcoin is the most popular Scrypt-n coin, so it’s logical to assume that is where most GPU miners flocked to. For example, take a look at what happened to Darkcoin. At a current market weighted average of 0.0098 BTC, this is the lowest it has been in 2 months,....

ASIC Manufacturer HashFast Faces Legal Action From Bitcoin Miners

ASIC manufacturer HashFast is facing serious allegations from bitcoin miners who placed orders for its Baby Jet mining rigs, which have since failed to arrive. Consequently, some of the miners affected are planning to take the company to court, according to ExtremeTech. However, the issue is more complicated than it first appears, and the miners may be facing an uphill struggle. At the root of the dispute was HashFast's pledge to begin shipping between 20th and 30th October 2013. In the original Terms of Service (TOS), the company also told customers that they would be eligible for a full....

Bitcoin Mining ASIC Company HashFast Granted Chapter 11 Bankruptcy

On June 7th, a US bankruptcy court granted HashFast a court ruling allowing it to enter Chapter 11 bankruptcy. HashFast had previously been faced with legal action and increasingly valid comparisons to fellow Bitcoin mining ASIC manufacturer Butterfly Labs (BFL). Just 3 months ago, I was standing at HashFast's booth at the Texas Bitcoin Conference looking at a hashing machine, an honor many paying customers seem to have been denied. Things change in an expedited manner when it comes to the world of Bitcoin. In May, HashFast announced that it would "refocus" while letting nonessential (50%....

HashFast tapes out 400 GH/sec 28 nm mining chip

HashFast has reached the tape-out stage for its 28 nm mining ASIC, and expects chips from TSMC in time to ship boxes by late October. The firm, started by Simon Barber and Eduardo de Castro, is preparing the Baby Jet ASIC miner, which will sell for $5,600, and use its 'Golden Nonce' chip. The chip will provide a nominal 400 GH/sec hash rate, operating at under 1 W per GH/sec. Barber originally envisioned a 65 nm ASIC, but originally failed to raise funding from skeptical investors. When bitcoin prices ramped up earlier this year, the investors got interested, and the firm raised "in the....

ASICS for Litecoin. Here They Come.

An ASIC is an Application Specific Integrated Circuit. They are specially designed pieces of hardware for performing the Litecoin hashing algorithms necessary to mine a specific coin and verify hashed transactions. These pieces of hardware are designed and manufactured to perform necessary hashing and nothing else. With the increasing valuation of Bitcoin, in fiat terms, the economic viability of ASICs begun to make sense some time ago. The development of ASICs to do SHA256 became a reality. There were issues along the way with bringing them to market, but ASICs have arrived. With the....