ASIC Bitcoin-Mining: CoinBau reports back!

The name “WOLFBLOOD eXtreme Efficiency” alone will make a Miner’s heart beat faster. Anyone who doesn’t hear a direct ring should think about an extremely powerful ASIC chip which, with values of 0.19 J/GH compared to conventional ASIC chips, requires only about half the power to mine Bitcoins. Conventional and previously used chips swallow an average of 0.37 J/GH and are therefore real power catapults.

But most of the Bitcoin trader probably remember that

We are talking about the Dresden-based startup ASICrising, founded in 2013. Under the name CoinBau and with a Bitcoin trader team of 10 highly qualified electrical engineers with strong roots in chip design and software development, the company has developed probably the world’s most efficient ASIC chip. Made in Germany!

These chips are now to be combined in a large Bitcoin mine. However, such a project requires sufficient capital and, as we reported in mid-August, the company was still looking for suitable investors at that time.

In an exclusive interview with BTC-Echo, CEO Sebastian Krause gave an interesting update on the current state of affairs:

The media response to the CoinBau project was quite large, but what about the reactions of potential investors?

Very good. We have received inquiries and signings from investors all over the world, most recently surprisingly for ourselves, especially from Latin America. We are on the right track, but will certainly need more time. But there were also very interesting enquiries from potential cooperation partners, which could speed things up.

Do you want to include a German crypto trader company?

That is correct. Following the crypto trader publication in the Wall Street Journal, a meeting was held with Smart Equtiy AG from Remscheid. The people responsible there are absolute experts in the field of cryptographic software solutions and have a very good investor network. The chemistry is right. We are currently engaged in correspondingly intensive discussions.

So a quick “exit” is also conceivable?

Absolutely not! It’s about advancing the CoinBau project together and using synergies. In addition, you can think a little bigger together.

So what happens now?

As planned… But if the cooperation with Smart Equity comes about, everything could happen very quickly. The plans for a joint roadshow with potential investors are already very far advanced.

So we are still excited and are already looking forward to the next CoinBau headline. We thank Sebastian Krause for the friendly interview and will report as soon as there are any news.