The German company is introducing Massive Super-Efficient Machines (MSEM) as the future computing platform of profitable Bitcoin Cloud Mining and blockchain transactions. The supercomputers at over 6 petahash each are built on the first 3D 16nm FinFET ASICs designed by – and exclusive to – Bitcoin Brothers.
Ex-German military cryptologist Mark Welle, Bitcoin Brothers COO and Co-Founder, said:
“From the outset, we designed all hardware and business strategy to scale massively. Low-cost machine manufacturing, deployment, and ongoing operations are all laid out to benefit our customers, so at one-tenth of the cost of all competing offers, our MSEMs make mining attractive again for the $2 billion market opportunity Bitcoin mining presents in the next 2 years.”
The first phase of the company’s business plan is selling cloud mining services. Chief Technology Officer Thomas Ackermann said:
“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.”
“To put our machines in perspective, while SHA256 integer calculations are hard to compare to floating point operations, on the common LINPACK Rpeak and Rmax benchmarks each of our MSEMs outperform the worlds’ fastest supercomputers. If you compare hasher gates to cores, each MSEM has double the number of the 3.1 million cores in Tianhe-2, the No 1 on the PetaFLOP list: and comes at a fraction of the cost, the floor space and 1/20th of its 18 MegaWatt power draw. Our Bitcoin supercomputers with a quasi-opportunistic massively parallel computing model for job scheduling establish a new exascale class – well beyond FLOPS and MIPS.”
The Bitcoin Brothers hosted cloud mining service on supercomputers is scheduled to be available on Q1 2015. However, though the announcement seems impressive, not everyone is persuaded, and some commenters on Reddit suspect a scam.
Bitcoin Brothers provides computing services for Bitcoin Cloud Mining, which customers can rent in any quantity, beginning in Q1 2015. Based on its own ASICs, hardware, and supercomputers, the company also offers blockchain authentication and transaction services for Bitcoin priority processing – and other applications, such as for the Internet-of-Things. Established in 2013 and based in Berlin, Germany, Bitcoin Brothers services a global customer base consisting of financial institutions, payment processors, merchants and retailers, as well as a multitude of B2B and B2C cloud mining customers.
What do you think of Bitcoin Brothers’ plans and claims? Comment below!
Images from Bitcoin Brothers and Shutterstock.
Last modified: November 3, 2014 10:14 UTC