BitFury 16nm ASIC Milestone Heralds the Exahash Era for the Bitcoin Network
BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company, today announced design completion and tape-out of its 16nm transaction processing ASIC (application-specific integrated circuit), which will bring unmatched energy efficiency to the Bitcoin network.
“All told, BitFury is leading the development of environmentally-responsible infrastructure for the next chapter of the Internet based on the Bitcoin protocol and Blockchain technology”
Executing its chip with expectations to operate as low as 0.06 joules per gigahash (unit of energy per unit of compute), BitFury is the first Bitcoin transaction processor ready to support the increased computing power required for the upcoming “Exahash Era” – the time when the Bitcoin network computing power exceeds 1,000 petahashes (quintillion hash operations) per second, as each 16nm chip will deliver up to four times the amount of compute power at a given energy level of BitFury’s currently deployed 28nm ASIC. This level of energy efficiency is enabled by BitFury’s full-custom design methodology, which should result in the highest transistor density of any leading-edge processor.
By radically increasing its ASIC energy efficiency, BitFury reinforces its commitment to ensure a zero carbon footprint and high efficiency of its operations. BitFury already uses only renewable energy sources to power its data centers and continuously seeks new ways to reduce energy use per unit of compute. An important step forward in this effort is BitFury’s deployment of its proprietary immersion cooling technology (enabled by the acquisition of Allied Control) in its upcoming Tbilisi, Georgia, data center, which supports expansion of up to 100 megawatts. This same technology will then be deployed in other BitFury data centers, likely to be located in North America. In addition, at the recent Blockchain Summit on Necker Island, BitFury disclosed development of a potentially highly disruptive approach to wind power generation.
“All told, BitFury is leading the development of environmentally-responsible infrastructure for the next chapter of the Internet based on the Bitcoin protocol and Blockchain technology,” said Valery Vavilov, BitFury CEO.
About BitFury Group
BitFury Group is the leading Bitcoin Blockchain infrastructure provider and transaction processing company. Founded in 2011 by Valery Vavilov and Valery Nebesny, BitFury has management offices in San Francisco, Washington, D.C. and Amsterdam, as well as data-centers in Iceland and the Republic of Georgia. BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs), optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury has an impressive track record, having successfully delivered several prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months. BitFury’s management team and board include seasoned industry veterans with a history of execution in silicon engineering, operational build-up and capitalizing businesses.
For more information on BitFury Group, please visit: http://www.bitfury.com/
Follow BitFury Group on Twitter: https://twitter.com/BitFuryGroup/
Like BitFury Group on Facebook: https://www.facebook.com/BitFury/
Connect with BitFury Group on LinkedIn: https://www.linkedin.com/company/bitfury/