Valery Vavilov, CEO of BitFury, said: “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.”
then they should avoid to make BS statements.
Well, where's the BS? How should they handle this to make it better?
Like everything that Bitfury announces you have to read very carefully, I refer to: "We understand it will be nearly impossible for any older technology to compete .......". The 'nearly' is the giveaway, despite their strange announcement about 'every transistor on the new chip being laid out by hand' they know that ultimately their solution, for one reason or another, has not worked exactly to plan and that a good full custom 28nm design can beat the crap out of it. Such solutions exist.
Sometimes silence is the best strategy, don't demean your competition or their engineers, by all means promote your products but don't try to make out they are something that they're not. I'm pretty sure that Bitmain aren't losing any sleep over this chip and the mere fact that Bitfury are promoting sales so strangely tends to suggest:
1. They are losing a lot of money or are under pressure from their investors to make more and need to
make it up from the suckers, sorry, customers who are desperate to get their paws on the wonder chip
2. They are worried that Bitmain have got a very cost effective solution which will ultimately come to
dominate the network before they can get any real advantage from 16nm. I'm guessing that as well as
mining Bitmain make very healthy margins from their S7's
Other suggestions are most welcome.
