Bitfury Research Seeks to Shine Light on Bitcoin Mixing Methods
A new Bitfury white paper aims to advance the study of how bitcoins sent using certain privacy-enhancing techniques could be traced back to participants. Released today, "Shared Send Untangling in Bitcoin" explores how bitcoins in this type of transaction can be "untangled", or sorted, into their original value flows. Shared send transactions originate when users organize into groups, by way of an intermediary, in order to obfuscate how funds may be moving between wallets. "We establish a theoretical approach to shared send transaction analysis, which formulates....
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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'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....
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....
As the first-ever technical workshop devoted to bitcoin research convened on the island of Barbados on 7th March, it was clear from the outset that several academic papers would be exploring various methods to compensate for bitcoin's inherent lack of anonymity. For now, it's an academic endeavour, but it underlies the fundamental principle known as 'freedom of transaction'. The International Financial Cryptography Association (IFCA), which organised the conference, has been at the center of this research work for 18 years. The burgeoning field of applied cryptography drives the....
The idea stems back to July of this year, when Bitfury released a white paper discussing the algorithm and what would be needed to grant it successful, “lightning-fast” integration Bitfury’s new payment routing algorithm (known as Flare) has been implemented on the Lightning Network following a successful test period by French startup ACINQ. The idea stems back to July of this year, when Bitfury released a white paper discussing the algorithm and what would be needed to grant it successful, “lightning-fast” integration. ACINQ then spent time testing the algorithm with approximately 2,500....