Interview With BitFury CEO Valery Vavilov: New Bitcoin ASIC Chips On the Horizon
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....
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BitFury recently announced its completion and roll out of their 16nm ASIC for processing Bitcoin transactions. They are also going to be selling direct to customers large and small, which is a change from the last few generations of their chips. Valery Vavilov the Founder and CEO of BitFury was able to answer a couple questions on the new chip and the....
Valery Vavilov, BitFury CEO, recently told me in a one on one interview at TNABC (The North American Bitcoin Conference) in Miami that he believes in the technology of the blockchain. He sees the infrastructure that has been built up around it as amazing with endless opportunities. He told CCN that BitFury is making some moves to be able to make transaction processing (mining) more efficient and widespread beyond just making faster chips. In a move that goes along with that goal, BitFury is acquiring Allied Control; a top immersion cooling company based in Hong Kong. This move will allow....
At the North American Bitcoin Conference in Miami, we were able to sit down for a one-on-one interview with Valery Vavilov, CEO of BitFury. So many changes have happened over the past couple years in the Bitcoin Transaction Processing industry (Bitcoin Mining), and many Bitcoin mining companies have began to branch out. BitFury has not only invested in and developed new technologies, but has also continued investing in themselves; the company’s talented team and stellar board of advisors continues to grow. BitFury secured significant capital funding in 2014, has just announced the roll out....
Updated with comment from BitFury CEO Valery Vavilov. BitFury has raised $20m in additional funding to complete development of its 28nm ASIC chip capable of achieving energy efficiency of 0.2 joules-per-gigahash (J/GH) and first announced in September. The pre-Series B round marks the second time this year BitFury has raised $20m in new funding, following its initial Series A in May. The funding was largely contributed by existing investors including venture capitalist Bill Tai, current BitFury board member and former VeriFone CFO Bob Dykes and the Georgian Co-Investment Fund. Google Maps....
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....