Published on August 1st, 2018 | by bitcoin0
Mining Equipment Bought by Blockchain From Innosilicon – a Chinese Manufacturer
Blockstream, one of the largest Bitcoin Core funding contributors, has evidently bought a lot of cryptocurrency mining equipment from the Chinese electronics hardware manufacturer Innosilicon.
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Blockstream Buys Mining Equipment
Publicly available international shipping data (a bill of lading) reveals that a large amount of Innosilicon mining rigs has been imported from China to the US by Blockstream, the Bitcoin Core company focused on developing sidechains.
“TI” is very likely referring to Terminator by Innosilicon, the ASIC manufacturer’s SHA256 miner whose latest version units are sold for $1118 USD each.
When Halong Mining launched its Dragonmint rigs earlier this year there were speculations that the machines were just rebranded Innosilicon Terminators.
— Cøbra (@CobraBitcoin) April 6, 2018
What could Blockstream be doing with this much Innosilicon equipment other than set up its own mining center?