BitFury Group Announce 16nm ASIC Chip Going Into Mass Production

BitFury Group, the prominent bitcoin blockchain infrastructure provider and transaction processing company, has announced its new chip, the 16nm Application Specific Integrated Circuit (ASIC) Chip, is going into mass-production and promises to bring significantly increased efficiency for the bitcoin network. This new Chip is reported as being four times as powerful as its current 28nm ASIC Chip.

CEO of BitFury, Valery Vavilov stated: “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.”

Undergoing strenuous testing, the 16nm ASIC Chip has shown the ability to surpass the design target of 40 gigahash per second, with a power efficiency of 0.06 joules per gigahash. Tested engineering samples measured an average power efficiency between 0.55 joules per gigahash and 0.7 joules per gigahash which would put the BitFury 16nm ASIC Chip is at the forefront of industry efficiency. Additionally, the 16nm SIC Chip can be run from a power supply with a voltage of 0.35V and the static part of the Chip can run at 0.28V. The performance of each Chip is given as a minimum of 100 gigahash per second of computing power, with a reported high of 184 gigahash per seconds if immersion cooling is used.

: “We have worked closely with BitFury’s experienced IC designers and we are glad to assist BitFury to achieve this outstanding result. GUC is proud that the BitFury-GUC partnership resulted in the first 16nm full custom tape-out for both parties.” Said Jim Lai, President of GUC.

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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