Is Blockstream planning to launch a mining center?

Blockstream, the company founded by Adam Back and one of the largest financial contributors to Bitcoin Core, has just placed a very large order for cryptocurrency mining equipment from the Chinese electronics manufacturer Innosilicon. Does this mean that the company is setting up its own mining farm?

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We’ve learned from public international shipping data that Blockstream has just had approximately 4650 ASICS Bitcoin delivered from Innosilicon. The four containers of 62 pallets each are marked by the initials “TI” which certainly refer to the minor Terminator of Innosilicon. The goods arrived on July 26 at the port of New York. 

The Terminator V2 is a SHA256 (Bitcoin) mining machine built by Innosilicon and whose chips are engraved in 10 nm. This ASIC is sold for 1118 $ on the site of the manufacturer and it is able to reach a computing power of 17.2 Th / s for 1430 W of consumption. Each container can carry about 1162 Terminator V2, which means that Blockstream has ordered about 4650 for a cost of about $ 5.2 million. 


The company has not made any official announcement about the launch of its mining farm, but such a command leaves no doubt about it. Farm’s 80Ph / s will bring Blockstream a modest $ 280,000 per month with a $ 7620 BTC. 


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