BitFury to Release Light Bulbs that Mine Bitcoin in 2015
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....
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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....
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 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....
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....
Global bitcoin blockchain infrastructure provider and transaction processing company BitFury is planning to invest US$100 million to build its second data center in Georgia’s capital Tbilisi and the first technology park. The new 100MW bitcoin mining data center will be built on 185,000 square miles of land developed by The Georgian National Agency of State Property called the “Special Technology Zone,” a project aimed to attract international technology firms and investors. BitFury Georgia Official Eprem Urumashvili in a statement: "Georgia will have three main benefits – a US$100m....