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None of the 8 persons who replied to you have the correct facts. They are planning to mine with the chips. The complete story is that the chips are developped
by mrb 13y ago
None of the 8 persons who replied to you have the correct facts. They are planning to mine with the chips.
The complete story is that the chips are developped in a 50/50 partnership between Leszek Rychlewski (aka "tytus"), and "bitfury" (a group of investors and engineers mostly from eastern europe):
- Tytus set up a company to launch a project known as 100TH-Mine that will deploy a farm running 100 Thash/s of these chips in Wenatchee, WA: https://picostocks.com/businessplan/19 https://picostocks.com/businessplan/19
- Bitfury is very discrete and was, as far as we know, merely planning to mine for themselves.
But over time, both entities realized they would be able to generate a lot more predictible revenues if they sold chips and/or fully assembled devices. So Tytus partnered with Megabigpower.com and BFSB as distributors is US and Europe. And the Bitfury group partenered with MetaBank to resell chips and devices in Russia.