Bitfury Newsroom

The Bitfury Group today launched its new enterprise grade bitcoin miner, the Bitfury Tardis, the latest generation of its B8 mining server. The Bitfury Tardis is a significantly advanced version of Bitfury’s B8 mining server that offers a performance of up to 80 TH/s (terahashes per second) and includes new features that improve user experience and reduce overall maintenance. The Bitfury Tardis is equipped with Bitfury’s new high-performing Clarke ASIC chips and is fully upgradable, so hashboards can be replaced upon the arrival of new ASIC generations.

The Bitfury Group today announced the appointment of technology expert and seasoned IT manager Eun Chul Lee to lead Bitfury’s Korea operations, formally marking the company’s expansion into Korea’s dynamic blockchain market. As Head of Korea, Lee will build business relations and identify opportunities for Bitfury in Korea’s growing blockchain ecosystem.

Some of Malta’s largest real estate agents are planning to use a blockchain platform to share data related to the local property market between themselves. The plan was announced by Ledger Projects, a Maltese company which last year presented a blockchain application for notaries to record promise-of-sale agreements onto as soon as they have been signed. This new platform will be an extension of the original product and will be supported by the Exonum platform, built by Bitfury, one of the world’s largest DLT infrastructure providers.

A Bitfury laboratory equipped with the most modern equipment and technologies was opened at the Business and Technology University (BTU) last Friday (21.09.18, Tbilisi Georgia) in cooperation with Bitfury Group. The laboratory offers the students an opportunity to train in and study blockchain development. In addition, workshops and seminars will be held in the new space. Cooperation between Bitfury Group and Business and Technology University (BTU) began early this year after signing Memorandum of Understanding (MOU).

Despite the downturn in the crypto markets so far in 2018, executives from several bitcoin mining firms have said this scenario has been seen before and they are not deterred by current low prices. The Bitfury exec also commented that the mining industry shouldn't be "overly concerned" that traditional chip makers such as Intel and NVIDIA have now entered the space. The design requirements for traditional chips are very different from those needed for crypto, he said, and in fact that provides the industry a special advantage.

Bitfury Group has developed a new, more efficient bitcoin mining chip, the firm announced Wednesday. The new chip, according to the firm, is customized for the SHA256 algorithm, boasts power efficiency up to 55 mW/GH and a hashrate up to 120 GH/s. It has 8,154 rolled hashing cores, fully integrated controllable clock generation and an integrated power-on-reset circuit.

Blockchain firm Bitfury has come up with a novel product aimed at making it easier to pay for products with bitcoin. A specialized engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by processing transactions off the main bitcoin blockchain.

The Bitfury Group today launched a new generation of bitcoin mining hardware, led by its newest bitcoin mining ASIC chip, Bitfury Clarke. Building on Bitfury’s successful five generations of mining chips, the Bitfury Clarke ASIC offers the strongest performance characteristics among bitcoin mining chips and is unparalleled in performance and efficiency. Aside from selling Bitfury Clarke chipsets, Bitfury is integrating Bitfury Clarke into its other industry-leading bitcoin mining hardware, including its mining servers and BlockBoxes, as well as in its own bitcoin mining centers in Canada, Norway, Iceland and the Republic of Georgia.

The Bitfury Group and Waverley Software today announced a strategic partnership to develop blockchain applications for clients. Bitfury, the world’s leading full-service blockchain technology company, and Waverley, a renowned full-cycle Silicon Valley-based custom software development firm, will collaborate to deliver unique encryption software, GDPR-compliant blockchain-based systems and blockchain applications to businesses and organizations globally.

Cryptocurrency miners have tried just about everything to keep their super-fast machines cool. They’ve moved them to Siberia and submerged them in vats of oil. One startup buried its mining rigs in a chilly Soviet-era bunker beneath the Eurasian steppe. But even by crypto industry standards, the 40 megawatt plant Bitfury built in Georgia’s capital of Tbilisi is exotic. It submerges the computers in a non-conductive liquid to keep them chilled as they make millions of calculations a second.