/wtt/#/about (the “ICO Website”) that “Giga Watt is the first official Bitmain hosting facility, and also the first Bitmain service center in the USA” and that Giga Watt is “Bitmain-Powered” and “the first Bitman service center in the USA” (the “ICO Unauthorized Statements”)./#/ (together with the ICO Website, the “Websites”) that Giga Watt is “Bitmain-Powered” and that Mr.WU Jihan is the Chairman of Giga Watt (together with the ICO Unauthorized Statements, the “Unauthorized Statements”).We also noticed that our registered trademark, “BITMAIN,” is used on these Websites.We hereby declare as follows: We have never authorized and will not authorize Giga Watt as our official hosting facility or our service center in the USA.We have never supported and will not support Giga Watt’s ICO.We have never authorized and will not authorize Giga Watt to use our BITMAIN trademark in any circumstances.WU Jihan has never been and will not be a member of Giga Watt team.

We believe that it is clear that Giga Watt’s Unauthorized Statements and unauthorized use of the BITMAIN trademark is intended to confuse and misdirect investors.We also believe that such activities are unlawful and constitute intentional trademark infringement to us by Giga Watt.We require Giga Watt to cease the Unauthorized Statements and the infringement of our BITMAIN trademark, and to issue an official public apology to us by January 19, 2017.Otherwise, we will take all necessary legal actions to seek remedies.This announcement is made without prejudice to the Company’s rights and claims, all of which are expressly reserved.Bitmain Technologies Limited January 17, 2017 ---------------------Liked this article?Share it with others:Follow Us for Latest News & Articles: Bitmain News, Scambuster Previous post As India Goes Cashless, Both E-Money Stocks and Bitcoin Benefit Next post Will Trump’s New Policies Boost U.S.–Mexico Bitcoin Remittances?

© Theme by Anders Noren — Up ↑BitFury has completed manufacturing their new 28nm Bitcoin ASIC miner chip.This a big step from their current 55nm chip.BitFury had a great 2014 bringing in $40 million in venture capital funding.Valery Vavilov, the CEO of BitFury, has also made moves to other parts of the Bitcoin industry partnering with BitGo and looking beyond just processing Bitcoin transactions.Also Read: Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling The details of the chip have been discussed since last fall.The current spiking of the global hash rate speculation is that it was Bitmain or BitFury bringing their new miners online.The chip reportedly runs at 0.2 joules per gigahash.Valery also spoke to CCN at the TNABC in Miami where he revealed they were not only bringing the new chip design but also working to optimize the board design to get the most out of the chip.This extra attention means real world performance numbers should be very good with less loss due to non-optimized board setups.

The news of the new chip comes on the heels of BitFury’s investment in immersion cooling technology.They purchased Allied Control a major immersion cooling company.Valery has this to say about the deal.We are very excited about Allied Control and its founders joining our team.This acquisition will enable us to substantially increase energy efficiency of our data centers and speed up deployment of our new ASIC chip allowing to lower overall capital expenditure.ethereum block speedIn addition, it provides an opportunity for us to enter new markets such as HPC, using the experience of the Allied Control team.mine litecoin rigThe use of immersion cooling will provide BitFury with flexibility when choosing locations for our data centers.wow ethereal mobs

Also Read: Interview With BitFury CEO Valery Vavilov: New Bitcoin ASIC Chips On the Horizon BitFury feels this chip is the most technologically advanced Bitcoin ASIC 28nm chip to date.They are not stopping there either.They are already working on a 16 nm chip.Valery envisions being able to put transaction processors in everything from phones to other small electronics in the future.litecoin buy stuffValery also sees the new things like smart contracts, properties and more on the blockchain driving the industry even more.bitcoin money laundering chinaThere are no limits to what can be done in the Bitcoin industry.litecoin buy stuffBitFury is driving forward and see themselves as a technology company focusing on the Bitcoin industry.They are also looking into other technology areas as well.

Valery will be speaking with CCN about them in the near future.CCN will bring you more information soon on the chips, miners, boards, and other BitFury news.Let us know what you think of BitFury’s chip announcement.Cryptocurrencies can’t exist without mining.The miners are the backbone of the networks, providing the necessary processing power.Without them, none of the cryptocurrency transactions would be possible.But with the constant increase in mining difficulty it has become virtually impossible for individual miners to derive economic benefits from mining.As cryptocurrency mining gets more and more cost intensive, Giga Watt project has come up with an innovative solution, WTT tokens, which democratizes the mining process by making it more affordable.Giga Watt has announced the crowdsale of its WTT crypto tokens, which went live on June 2, 2017, allowing cryptocurrency community and even newcomers to blockchain to become part of its initiative.The crowdsale, which will go on until July 31, 2017, is open to the public across the world.

The cap is set at 30 million WTT, offered at a price range of $1-$1.2 during the ICO.The WTT Token Launch is conducted by Cryptonomos platform, and the token holders are offered an opportunity to take advantage of the Giga Watt’s full-service mining solution at attractive prices.Each WTT token gives the owner access to 1 watt of the mining facility’s capacity for a duration of 50 years.The number of WTT tokens a miner would need to purchase is determined by the wattage of their particular mining equipment.Token holders can either choose to use the allocated power themselves to run their own equipment or rent it out to other miners and earn from it.In other words, WTT tokens represent space on the shelves to allocate mining equipment at the company’s facility.Also, WTT owners are charged a hosting fee at less than half the standard rates, which makes running own mining equipment more attractive.The founder and CEO of Giga Watt Dave Carlson explained the advantage of the token sale initiative over other cloud mining services by saying, “By tokenizing our mining infrastructure, Giga Watt is finally able to extend our huge economic advantage to anyone in the world, large or small, to run their own mining business and be successful by having our expert team build and manage it… This is a move to decentralize the global balance of mining power and put it back in the hands of the little guy.