Bitfury on the Ways It Collaborates With Governments and Why It's Partnered With a Public Company

Episode • Apr 10, 2018 • 1h 3m

Valery Vavilov and George Kikvadze of Bitcoin mining and blockchain software company Bitfury discuss why the firm has partnered with the publicly traded Hut 8, how it plans to branch out into mining other crypto assets, and how it chooses where to open mining operations. They also explain how low the bitcoin price can go before mining will be unprofitable for them, what their new blockchain analytics tools Crystal can do, and why they often choose people outside the blockchain/crypto industry to attend the Blockchain Summit they co-host on Richard Branson's Necker Island. Vavilov also tells the story of a childhood experience that has influenced Bitfury's decision to work so much with governments and regulators, and he and Kikvadze describe the company's new blockchain analytics tool, Crystal, plus its hand in launching other blockchain-and-government-focused organizations such as the Blockchain Alliance and the Blockchain Trust Accelerator.

Bitfury: http://bitfury.com/

Bitfury's origin story as told by Bill Tai: http://unchainedpodcast.co/maitai-globals-bill-tai-on-why-blockchain-is-the-6th-wave-of-technology

Hut 8: https://www.hut8mining.com/

Exonum: https://exonum.com/

Necker Blockchain Summit: http://www.neckerblockchainsummit.com/

Blockchain Alliance: http://blockchainalliance.org/

Blockchain Alliance on Unchained:

http://unchainedpodcast.co/how-the-blockchain-alliance-helps-law-enforcement-with-bitcoin-crime-and-developments-like-the-dao

Crystal: https://crystalblockchain.com/

Blockchain Trust Accelerator: https://trustaccelerator.org/

Pilot with Coca-Cola and State Department: https://www.reuters.com/article/us-blockchain-coca-cola-labor/coca-cola-u-s-state-dept-to-use-blockchain-to-combat-forced-labor-idUSKCN1GS2PY

Emercoin: https://emercoin.com/en