Mining Roundup: Litecoin's Milestone, Lab Rat's Lawsuit and BitFury's Board Boost
Does the drop in the price of bitcoin have you down? Don't worry - if the continued rise in the bitcoin difficulty is any indication, the network isn't going anywhere anytime soon. This week's Mining Roundup spans from a key moment in litecoin's mining history to growth for BitFury's leadership and advisorial teams. We also shine the spotlight on a discussion that many miners are thinking about these days: what does this latest price drop mean for bitcoin's future? Litecoin breaches 1 terahash in mining power. On 15th September, litecoin - the oldest of the scrypt family of alternative....
Related News
The Yiazo YBF-M Bitfury Mining Mainboard Using the YBF14S-H Bitfury Miner Board. The mining industry is rapidly developing, and new manufacturers are working hard to bring their miners to market. One of the newest manufacturers is Yiazo. They have developed a new Blade Setup and controller board using Bitfury Rev 2 ASIC Miner chips. They are offered at a solid price point, and I was able to afford to buy a kit to review. The shipping gods graced me yet again with another non-beaten-up package and fast delivery all the way from the Netherlands. The specs are nice, and it is the controller....
There's been quite a bit of news lately coming from BitFury. From mining products to strategic investments, it certainly seems like they are growing rapidly. And it will probably come as no surprise to learn that the company has brought in some new additions to their board of directors to keep them guided properly as their operations expand. Those new additions compose the company's new strategic advisory board, which will be responsible for working closely with BitFury leadership with relation to technology "to build on the company's silicon leadership position as it pursues more advanced....
BitFury Early Gen Units. BitFury has been on a roll this year with over $40 million in venture capital funding, as well as the addition of Jonathan Teo and Dr. Jackson Hu to their Strategic Advisory Board. To top it all off they added President and Chief Strategy Officer for Samsung Electronics Young Sohn to their Advisory Board. BitFury has emphasized that they are not a mining company, but a technology company: BitFury has set their sites on being more than a chip maker. With all this in mind, we were able to ask BitFury CEO Valery Vavilov through email about their next gen Bitcoin ASIC....
BitFury has announced that president and chief strategy officer for Samsung Electronics Young Sohn has joined the company as an advisor. Formed in September, BitFury's advisory board aims to assist the management and corporate development of the industrial bitcoin mining company. The board now includes Sohn, as well as semiconductor industry veteran Jackson Hu and former General Catalyst managing director Jonathan Teo. In a statement, Sohn praised BitFury's team for its ability to deliver results in the difficult bitcoin mining market, but also suggested he sees that the company could soon....
If knowledge of the BitFury brand was confined to the bitcoin ecosystem prior to this year, the Amsterdam, Riga and San Francisco-based company has done its best in 2014 to change this, raising $40m through two funding rounds and adding executives with experience at Samsung and VeriFone to its newly created strategic advisory board. BitFury has dominated VC funding in the bitcoin mining vertical in what has so far proved to be a year shaped by big fundraising announcements. At press time, BitFury accounts for 65% of all investments made in mining companies so far this year, and over 10% of....