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.

Bitcoin 2020 at one million? McAfee’s bet

According to John McAfee, the Bitcoin price is expected to rise to one million by the end of 2020. The well-known crypto evangelist is so sure that he is putting his best piece on this claim. But is this really realistic?

John McAfee is undoubtedly one of the more dazzling personalities in the crypto ecosystem

The founder of McAfee Associates has made a name for himself time and again before his interest in crypto currencies, but his interest in Bitcoin and other Altcoins has made him particularly present. Especially between the years he has attracted attention with controversial applications of different coins. As it came out later, he is rewarded for such appraisals princely.

While the endorsements for various ICOs or crypto currencies have a very short half-life, this cannot be said about a prognosis: In July 2017 he stiffened to the statement that Bitcoin would have a value of 500,000 US dollars by the end of 2020. He underlined this statement somewhat vulgarly:

„if not, I will eat my dick on national television.“

At the end of November, he made his bet even more interesting: since the price would have behaved much better than his underlying model, he would now assume one million US dollars. His paintings were still at stake.

According to his own statements, John McAfee can fall back on a doctorate in point-set topology and can thus predict the price. Although John McAfee does not look into the cards, according to various sources, McAfee’s claim can be described by means of an exponential price development.

Such models are not uncommon per se. Even classic investments such as the Dow Jones or the Dax can in principle be described by such a development:

The website offers interested parties an entertaining tool with which they can model such price forecasts themselves. And indeed, as some pages promise, a corresponding price development can be assumed – at least according to a sense of proportion. Unfortunately, it can only be said with a sense of proportion whether the model can really be justified on the basis of the data situation. In this article, therefore, an exponential price model is to be developed which best fits the actual price development.