BitFury announces mass production of new 16nm ASIC chip

FinTech | December 30, 2015 By:

BitFury Group announced mass-production of its full-custom design 16nm Application Specific Integrated Circuit (ASIC) chip.

“We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program,” said BitFury CEO Valery Vavilov.

The new BitFury Chip has demonstrated outstanding computing capabilities. The design target was 40 gigahash per second with power efficiency of 0.06 joules per gigahash.

BitFury Group is a bitcoin blockchain infrastructure provider and transaction processing company.