Blockstream has purchased quite a bit of equipment for mining digital currency. The crypto firm has bought machines from Chinese hardware maker, Innosilicon. Blockstream, one of the main Bitcoin Core Funding companies has left many in the crypto sector wondering whether it plans to build its own mining facility.
A bill of lading which has since gone public shows that Blockstream has imported a huge number of Innosilicon mining rigs. The document shows that the firm has brought the equipment into the US from China. It has been disclosed that 62 pallets with a TI mark, were dispatched from Hong Kong in four containers. The containers are said to have reached the port of New York on July 26.
A huge sum
TI is synonymous with Terminator by Innosilicon which is suspected to be the SHA256 ASIC mining machine. The latest model of the equipment is said to be going for $1,118 per machine. Since a single pallet can hold up to 72 pieces then it is speculated that the crypto firm might have purchased around 4650 mining machines. This would then mean that Blockstream might have ended up spending approximately $5.2 million on the Terminator machines.
Even though such a huge consignment would signify that Blockchain intends to launch a mining center, the company is yet to make the announcement. Since a Terminator’s hash rate gets to 17.2TH/s then a center with such a number of machines would reach approximately 80PH/s.
Blockstream was started in 2014, by Adam Back, Pieter Wuille, and Gregory Maxwell. It is famous for creating prototypes meant for the implementing the lighting platform.
Liquid Issued Assets
Blockstream showcased its Liquid Issued Assets at the Consensus 2018, which took place recently. The Issued Assets (IA) enable users of Liquid to build their own coin asset on the Liquid sidechain system. The assets can include currencies such as digital assets, attested assets like gold tokens, tokenized fiat, and even totally new assets.
Users utilize Confidential Assets to transact secretly. This ensures that third parties are not able to see the amount of an individual’s transaction or even the type of asset used.
