BitFury to Sell Light Bulbs that Can Mine Bitcoin
BitFury's new product, a light bulb that can mine bitcoin, garnered a lot of attention via Reddit a few days back as attendees of the Blockchain Summit started posting photos online. This event is an informal four-day gathering of the industry leaders in Richard Branson's Necker Island. "We believe that the project's focus should not be on making money from bitcoin mining, but on creating innovative solutions with main purpose to use this product for educational purposes and fun," said BitFury CEO Valery Vavilov. How to Mine Bitcoin. Bitcoin startups have been working on ways to find uses....
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Following the revelation last week that BitFury had developed a prototype light bulb capable of mining bitcoin, the company has announced it plans to take steps to bring the devices to market in 2015. Though much about the market strategy remains in early stages, the news follows increasing reports that industry companies are attempting to find use cases for bitcoin in line with the broader trend toward connecting everyday devices to the Internet. BitFury said it intends to invite the community to become a part of its rollout plans, and that it would solicit ideas on how the light bulbs....
Bitfury, a bitcoin infrastructure provider and transaction processor, recently unveiled a bitcoin mining light bulb during the inaugural Blockchain Summit on Necker Island in the Caribbean. The light bulb automatically mines bitcoin when it screws into a light socket. The bitcoin mining bulb will be released later this year, according to Bitfury CEO Valery Vavilov.
Bitfury current holds 37.2 million shares of Hut 8.
Bitcoin mining giant BitFury is moving ahead with development of a previously announced prototype for a bitcoin-enabled Internet of Things (IoT) device. The original prototype, announced last June, took the form of a consumer light bulb that was capable of mining small amounts of bitcoin. BitFury positioned the project at the time as one that would promote understanding of bitcoin technology, while providing developers with a platform for experimentation. Despite a lack of public announcements on the initiative, BitFury head of product Niko Punin stated that the company’s vision for the....
Newly-launched BitFury Capital announced Friday that they have made their first investment into the bitcoin ecosystem since launching. A subsidiary of BitFury Group, BitFury Capital is a seed fund that launched in early July, and they say today they've made an investment in what has been described as a "prominent bitcoin wallet provider." Interestingly enough, BitFury Capital neglected to mention which wallet provider they invested in, and what the investment was valued at. "We are happy to mark our first investment into the Bitcoin ecosystem," said Marat Kicikov, managing director of....