Blockcstream May Buy Mining Equipment From Innosilicon

Total capacity of the hypothetical mining center by Blockstream can reach 80 PH / s.
01 August 2018   2021

Blockstream, has imported a large number of mining devices from Innosilicon, China to the United States. Four containers containing 62 trays labeled "TI" were shipped from Hong Kong and arrived on July 26, 2018 at the port of Newark, New Jersey. This is written by Bitcoin.com.

The inscription "TI", most likely, stands for "Terminator from Innosilicon" - ASIC-device for SHA-256 algorithm mining, the latest version of which is sold for 1 118$. If there are 72 mining devices on each of these pallets, it means that Blockstream has in total bought 4,650 "terminators" with a total value of 5.2 million dollars. The company has not yet reported that it plans to open a new mining center, but such a large order hints at a similar development of events. The standard hashrate of terminator is 17.2 TH / s, so the total capacity of the hypothetical mining center can reach 80 PH / s.

Blockstream was founded by Adam Beck, who is still its CEO, Gregory Maxwell, Peter Vulle and others in 2014. It is known mainly for developing practical applications for the Lightning Network.

Innosilicon is, according to the description on the company's website, a manufacturer of low-cost, high-performance and fully customized solutions. The company produces devices like tablets, mobile phones, televisions, cameras, network equipment and so on.

$10M Worth Mining Farm to Burn

A video of a fire was published at Twitter, but the company that appear to struggle with a fire hadn't confirmed the news
01 October 2019   135

Equipment at $ 10 million burned out at a large mining farm in China. The total processing power of the bitcoin network fell by 5% - to 82.45 EH / s.

According to preliminary information, the property is owned by Innosilicon.

Some users doubted the veracity of the information, suggesting that the 2014 fire was captured on the video. Their doubts were dispelled by one of the first bitcoin miners Marshal Long.

Innosilicon has not yet confirmed the news.