German Bitcoin mining supercomputer manufacturer Bitcoin Brothers announces 6 petahash supercomputers built on the first 3D 16nm FinFET ASICs.
Berlin-based Bitcoin mining supercomputer manufacturer Bitcoin Brothers GmbH & Co KG launched its hosted Bitcoin mining services, and announced its Massive Super-Efficient Machines (MSEM) Bitcoin mining supercomputers, according to a release.
As the blockchain grows, validating transactions has become more and more complex, pushing miners to either regularly replace their mining equipment to more effective, but expensive computing devices, join a mining pool, or subscribe to cloud mining services.
German Bitcoin Brothers offers mining services using its MSEM Bitcoin mining supercomputers at over 6 petahash. The machines are built on the first 3D 16nm FinFET ASICs, and are said to be the fastest in the industry. Each MSEM contains 256,000 of its own 16nm FinFET Plus 3D ASICs, and the company's computer banks can scale up to Meta-MSEMs, in which 1.5 exahash are controlled from a single console, reads the release.
According to CEO Maik Welle:
"With the deployment of a large number of our supercomputers, we offer a true 2nd-generation alternative to stand-alone brick box mining hardware. [...] Miners are tired of the risk pre-paying, owning, and operating slow mega- and terahash devices with a limited use-live span, which they may not even receive in time - or at all - after pre-paying for them, or find them out of specifications when in operation. The disappointment in these 1st-gen tools and lack of alternative choices currently depresses the Bitcoin value."
COO and co-founder Mark Welle believes that "by pushing 300-400 petahash into the market quickly in Q1 2015, and growing [Bitcoin Brothers'] presence from there, [they] triple or quadruple the difficulty for a limited time, to achieve a new efficiency standard in mining and on the blockchain." He added:
"However, in the end, we provide a new commodity level of blockchain operations to benefit everyone, including options to run Internet-of-Things authentication and their transactions on the blockchain."
"We basically have a business model in different stages. The first stage is selling people services for bitcoin mining. People can rent portions of the machines — starting at gigahashes, terahashes up to petahashes."
The second phase of the Bitcoin Brothers' business plan is providing blockchain authentication and transaction services for Bitcoin priority processing, added Ackermann.
Bitcoin Brothers was founded in May 2013 by former German military cryptologist Mark Welle and his brother Maik, and launched with a seed funding round of US$300,000 made by Mark Welle himself. The company partnered up with Taiwan Semiconductor Manufacturing Company, Limited (TSMC) to manufacture its own-designed 3D 16nm FinFET ASICs.
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