Archive | bitfury

Crypto Mining Mogul Hits the Big-time with Portable Mining Containers

Serial crypto entrepreneur Valery Vavilov of Bitfury has struck gold again with his latest venture by solving two of the main hurdles in mining cryptocurrency with some big black boxes. Bitfury Founder makes Crypto Mining Operations Portable The BlackBoxes which are sea containers that have been converted into giant, portable mining rigs hold one hundred… […]

ASIC: Resistance Is Futile! Crypto’s Battle a Losing War?

At Consensus 2018, many blockchain software developers viewed Bitmain’s recent launch of their newest Application Specific Integrated Circuit (ASIC) miners as proof of the impending future for all cryptocurrencies. ASIC hardware will soon hit the markets for previously deemed ASIC-resistant cryptocurrencies such as Ethereum, Monero, and Zcash. David Vorick, a founder of ASIC manufacturer Obelisk stated: “I think any GPU-mined coin […]

New ASIC with 7nm Architecture Boasts 20+ billion transistors

The Japanese company GMO Internet Group announced on Wednesday the launch of their bitcoin application specific integrated circuit (ASIC) miner built on a 7nm architecture. They are aiming for the new compact chip design to launch on the 6th of June and for mass production of the B2 miner to lead to the shipping of the […]

Consolidation in Cryptocurrency Mining Industry to Pressure the Price of Bitcoin

Bitcoin mining is increasingly becoming an activity for big business as the complex calculations needed to generate the virtual currency require industrial-scale capabilities. As the mining industry matures, the expected consolidation is likely to oust ‘regular folks’ that use their personal computers. Large Cryptocurrency Miners Are Taking Over the Game Bill Tai, the chairman of… […]

Hut 8 Mining Corp. To Be Listed on Toronto-Based Stock Exchange

Canadian investors will soon be able to get exposure to the rapidly growing market for the specialised computer components that power the world’s Bitcoin mining farms. Hut 8 Mining Corp., backed by Bitfury Group Ltd., is poised to launch on the TSX Venture Exchange in Toronto later this month. Bitfury is the main competition to […]

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to […]