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Bitfury News

Bitfury is a largest non-Chinese company that specializes on the development of Bitcoin blockchain software, which is providing for Bitcoin mining related to it hardware. Besides that, the company has consulting services. BitFury was founded in 2011 by Valery Vavilov, who is the current CEO. Bitfury mining is based on operation system applications and unique technology developed by the company. Also, they created a more efficient algorithm for routing called Flare for the Lightning network, which operates as a secure off-chain channel for faster transactions with less commissions. The Bitfury Group has representatives in the USA, China, Great Britain and Netherlands and datacenter operations are in the Republic of Georgia, Iceland, Canada and Norway.

Top News

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FEB 26 DIGEST: Londoners Can Now Pay Rent in Bitcoin, Revised BitLicense Gets 30 More Days

Charlie Richards

2015-02-26T12:54:47+00:00

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Bitcoin infrastructure provider and Bitcoin transaction processing startup BitFury Group adds Samsung Electronics President and Chief Strategy Officer to its st...

Samsung Electronics President and CSO Young Sohn Joins BitFury's Strategic Advisory Board

2014-11-25T12:01:12+00:00

523

BitFury Capital, the VC arm of the multifaceted BitFury Group, announced Wednesday it had invested an undisclosed amount in payment processor GoCoin. BitFury al...

BitFury Announces ‘Strategic Investment’ in Payment Platform GoCoin

Armand Tanzarian

2014-10-23T14:40:00+01:00

420

Mining profitability depends on computational power versus energy consumption. BitFury is announcing some impressive numbers today.

BitFury Claims 0.2 J/GH Energy Efficiency, Plans sub-0.1 J/GH by Mid-2015

2014-09-15T12:20:59+01:00

856

BitFury and BitGo have partnered up to beef up BitFury's security with the industry's leading multisignature wallets. The deal also includes an investment into ...

BitGo Bringing Multisignature Wallets, 'Bank-Like Security' To BitFury

2014-09-06T18:54:00+01:00

398

Cointelegraph asks a multitude of companies that were at Bitcoin 2014 what were their aims for the expo.

A Journey through Bitcoin 2014

2014-06-18T21:33:45+01:00

428

Russian ASIC miner manufacturer Bitfury has begin shipping their Full Kits to customers in the US and Europe. Each machine has 400 GH/s of mining power.

Bitfury’s 400 GH/s miners shipping out

2013-09-02T11:25:00+01:00

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