Way back in March, when Bitfury's word had some credibility, I posted this series of quotes from BitClub Network, a sleazy MLM funded mining operation who were boasting about preferred access to Bitfury 16nm gear.
"I've got the new (Bitfury) 16nm tech chips"
"BCN are the only people in the world with Bitfury chips, buying all they can produce."
We've got 12 PH/s Bitfury containers
buying $17million of Bitfury containers at $3m a piece
Punin confirmed that Bitfury prefer dealing with this BCN sleaze rather than the mining community.
Reasons for that could be many, including Bitfury staff taking advantage of that great Bitcoin attribute, the ability to receive anonymous payments...
We are indeed working with Joby, but will not disclose any commercial details.
His statements are not 100% correct factually as we have not delivered production chips or containers to clients yet and we are working with several clients and integrators.
Punin and Weeks on first name terms, aaaaah. Not 100% factually correct= total lies for the consumption of BitClub Network suckers.
Anyway, fast forward five moths and BCN are still limping along with their "investors" moaning like f*ck about their wonderful promised ROI's reducing over the months to dust and demanding Something Should Be Done. (The recent $200 "correction" in the
BTC price is unlikely to improve their humor, but what can they do, they're locked in?)
So, what is being done?
We have 10 PH coming online from Bitmain, they just came out with their new 16nm chips in their newest S9 Antiminer rigs. These machines are now the most efficient on the planet and we have secured a large chunk of the first batch!
With the halving coming up it was very important that we got rid of some of our older models. This included all remaining S5 Antminers and even a portion of our S7 Antminers are being turned over so that we can focus on the S9 expansion.
We believe the S9 is at the peak of the market. The efficiency will not get much better from here and these machines are built to mine for life, so you will see many updates as we expand aggressively with this model and plan to hash with them forever.
Also, we have another 14 PH coming online from BitFury that will begin starting next week July 13th and will come in batches from there until Aug 24th.
This is 24 PH in addition to the 48 PH we currently have in our pool. We already have scheduled purchases during the next few months that will come online near the end of Aug or early September. Our goal is to be at 80 PH by September and fully running on 16nm technology exclusively!
Sure.
Currently, Bitfury and BCN are jointly totalling just single % figures of total mining capacity.
Add to this an interesting comment from Eric@Hao
But mining is not our strategic direction - I talked with someone from BitFury, and they felt the same way, which is that while there is money to be made in mining, it should not be our focus in the long run.
