George Kikvadze - Executive Vice Chairman - BitFury Group ...

The Seven Myths of Bitcoin -- by George Kikvadze (Executive Vice Chairman, Bitfury)

The Seven Myths of Bitcoin -- by George Kikvadze (Executive Vice Chairman, Bitfury) submitted by BitfuryGeorge to Bitcoin [link] [comments]

Bitfury's press release for deep state types on deanonymizing Bitcoin. Note: George Kikvadze of Bitfury is a dedicated "core" devotee who sold his bitcoin cash at $668 and called the buyers "suckers" - aka a Hero to the other sub, hence no word about his anti-privacy efforts in the other sub.

Bitfury's press release for deep state types on deanonymizing Bitcoin. Note: George Kikvadze of Bitfury is a dedicated submitted by sqrt7744 to btc [link] [comments]

George Kikvadze [Bitfury] : "Last 24hrs couple of $10bln+ AUM Funds calling to buy 30k-50k bitcoins.. We were not selling then / not selling now"

George Kikvadze [Bitfury] : submitted by a56fg4bjgm345 to Bitcoin [link] [comments]

George Kikvadze [Bitfury]: "Large Bitcoin holders wanting to "put bitcoins" to work PM me. Our 15PH Box is ready. Help decentralize & mint btc. Only serious inq. pls"

George Kikvadze [Bitfury]: submitted by a56fg4bjgm345 to Bitcoin [link] [comments]

The Seven Myths of Bitcoin -- by George Kikvadze (Executive Vice Chairman, Bitfury)

The Seven Myths of Bitcoin -- by George Kikvadze (Executive Vice Chairman, Bitfury) submitted by vegasbooty to Cryptoandme [link] [comments]

Bitfury's press release for deep state types around the world on deanonymizing Bitcoin. George Kikvadze, who runs Bitfury, is a dedicated "core" devotee who sold his bitcoin cash at $668. No word about his anti-Bitcoin efforts on the other sub.

submitted by sqrt7744 to CryptoCurrency [link] [comments]

Bitfury's press release for deep state types on deanonymizing Bitcoin. Note: George Kikvadze of Bitfury is a dedicated "core" devotee who sold his bitcoin cash at $668 and called the buyers "suckers" - aka a Hero to the other sub, hence no word about his anti-privacy efforts in the other sub.

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

George Kikvadze [Bitfury] : "Last 24hrs couple of $10bln+ AUM Funds calling to buy 30k-50k bitcoins.. We were not selling then / not selling now"

George Kikvadze [Bitfury] : submitted by BitcoinAllBot to BitcoinAll [link] [comments]

George Kikvadze [Bitfury]: "Large Bitcoin holders wanting to "put bitcoins" to work PM me. Our 15PH Box is ready. Help decentralize & mint btc. Only serious inq. pls"

George Kikvadze [Bitfury]: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitfury George Kikvadze on Twitter: "BAMM: Big Announcement coming up for @Bitcoin anytime now"

Bitfury George Kikvadze on Twitter: submitted by knight222 to btc [link] [comments]

Bitfury George Kikvadze on Twitter: "BAMM: Big Announcement coming up for @Bitcoin anytime now"

Bitfury George Kikvadze on Twitter: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How BitFurry is tackling corruption in Georgia (not *that*Georgia, the other Georgia)

From this article:
According to a recent NPR report, the U.S. based firm Bitfury once accounted for most of the Georgian mining facilities ... The company’s Georgian mining facilities existed outside of the Tbilisi region but, according to reports, the company’s main data site was recently sold.
They were received with great fanfare, with gifts of space and cheap power in the state-sponsored Tbilisi Technological Park, visit by high officials, TV coverage, etc.
They once were among the top 3 pools. But they have been twindling, and now have onlt 1.5% of the total hashpower.
Telavi resident ... Buzhaidze explains in his recent interview that last year he was raking in roughly $800 USD every thirty days mining zcash, and the electricity costs were only $80 per month.
He did not say how much he invested in his equipment. A pity.
Buzhaidze explains that ... cryptocurrencies have also brought Georgians the dream of the technology one day unleashing free markets worldwide without crony capitalism.
Hm hm.
recently a political party has been mining cryptocurrencies to fund its campaigns. However, Bitfury’s annual electricity estimates state that the firm [BitFurry?] utilized 28 million kilowatt-hours of power every thirty days in Georgia which has made some political leaders uneasy.
Narrow minds...
Some oppositional bureaucrats also allege that the former Prime Minister of Georgia, Bidzina Ivanishvili, is secretly partnered with the Bitfury operations. Public records show a fund tied to one of Ivanishvili’s investment arms allowed Bitfury to borrow funds, but according to Bitfury’s attorney the loan was paid in full, and he explains that “no financial ties remain.” Still local news publications like Georgia Today detail that Bitfury’s George Kikvadze is an active member of Ivanishvili’s investment vehicle.
Didn't someone say something, somewhere, about free markets and crony capitalism?
submitted by jstolfi to Buttcoin [link] [comments]

Crypto Mining Tech Firm Bitfury Closes $80 Million Funding Round

Crypto Mining Tech Firm Bitfury Closes $80 Million Funding Round

https://preview.redd.it/h1xy3je20rw11.jpg?width=1200&format=pjpg&auto=webp&s=c7426d625bcacc5c16ba2493ff37005d169e2d53
Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital.
Also participating in the private placement were investors such as Mike Novogratz's Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others, according to a Bitfury press release. Advising Bitfury on the funding was investment bank Bryan, Garnier & Co..
George Kikvadze, Bitfury's executive vice chairman, said in the release:
"With a half billion dollars in revenues, Bitfury is the leading blockchain B2B global technology infrastructure provider at the corporate and government level. This private placement will take our corporate governance to the next level, broaden our financial strategic options, and ideally position us for our next phase of growth as the market matures."
Bitfury is best known for manufacturing processors and devices used for mining cryptocurrencies, and launched a new "Clarke" ASIC chip for bitcoin mining in September. It said at the time it plans a new range of miners based on the processor.
The firm also capitalizes on its mining tech business by running crypto mining datacentres in countries such as Canada, Norway, Iceland and the Republic of Georgia. The new Clarke chip will being installed across these facilities as well, the firm indicated.
The funding round after Bitfury was said to be eyeing going public via an IPO as a way of raising funds in late October. A news report at the time suggested the firm might list in Amsterdam, London or Hong Kong, possibly as soon as next year, though a final decisions hasn't been made.
Its biggest rival in the crypto mining space, Bitmain, launched a prospectus for its planned IPO in September, though it has not been without controversy.
Discussing why his firm took part the funding round, Mike Novogratz, CEO and founder of Galaxy Digital, said, "We are impressed with Bitfury's unparalleled team, as well as the company's vision, technical expertise and global reach, all of which are essential to advancing the underlying bitcoin ecosystem."
submitted by iTradeBit to u/iTradeBit [link] [comments]

Bitfury George and friends - The tweets and retweets of one of the greatest experts on the planet

For the history books:
George Kikvadze‏ @BitfuryGeorge 5. Aug. One must ask who are the devs behind BCC and how they compare to "The Dream Team" devs of BTC ? Key reason I ve been Short BCC & Long BTC!
George Kikvadze retweetet Vinny Lingham‏@VinnyLingham 5. Aug. Bitcoin is going to the moon! Next stop at $3800 for a refuel. Bitcoin Cash is dead! Long live the King! More forks = more pumps!
George Kikvadze‏ @BitfuryGeorge 4. Aug. Will customers sue exchanges for delaying BCC withdrawal and costing them forgone profits as BCC is dropping like a rock ?
George Kikvadze‏ @BitfuryGeorge 4. Aug. Coinbase will have no choice but to give customers BCCs. Think of 500k-600k BCCs sold off and BTCs bought. Problem by that time BCC < $50
George Kikvadze retweetet Samson Mow‏@Excellion 3. Aug. So the only way @ViaBTC can maintain the $BCH price is to not mine any blocks? No wonder.
George Kikvadze retweetet slush‏ @slushcz 2. Aug. @ViaBTC allow BTC/BCH trading, but no way to withdraw BTC. No surprise the rate is still so high...
George Kikvadze retweetet Samson Mow‏ @Excellion 2. Aug. 76% of all $BCH have already been mined and are able to be sold. I wonder what the real price will be once trading really starts.
George Kikvadze‏ @BitfuryGeorge 30. Juli August 1st will come and go, BCC has no chance of success as it has no economic incentives for the ecosystem players. Just FUD.
submitted by Shock_The_Stream to btc [link] [comments]

Forking - one thing nobody is talking about

All the talk and analysis of scenarios during a possible HF assumes 1 thing - there will be hashpower supporting the minority chain.
However, if we look at the current distribution of hashpower explicitly signaling support for Segwit, we only get 2 whale pools: Bitfury and BTCC China. Let's imagine a scenario when Bitcoin Unlimited reaches a decisive majority (60%+ of hashpower) - will these 2 pools go all in and fight for Core no matter what?
Looking at the communication style of owners at both, it doesn't look like a probable scenario. Both pools basically want to push a scaling solution and are primarily in the business to make money. Bobby Lee is an opportunist, he is in the Bitcoin industry because there is profit on the table, not because he is and oldschool cypherpunk. He doesn't care about decentralization or government resistance of Bitcoin (the marketing pitches Core is relying on, he loves cooperating with governments). A HF would make his life more difficult and we have no information that suggests he is willing to be 1 of the 2 people on the planet to sponsor a platform carrying a minority fork no matter what (and definitely lose a lot of money in the short run doing so because of all the problems minority chains come with).
The Bitfury guy, George Kikvadze, doesn't project an image of a hardcore Blockstream / Core supporter either. He seems to just want to solve scaling in whatever manner he thinks is efficient, but he never came out on record saying he is not willing to consider BU under any circumstances.
This means that while now there is a debate about minority chains, it might very well be the case that as soon as BU reaches a certain level of hashpower support, both the Segwit supporting whale pools will fold and make a switch in order to avoid the chain split situation. Given the incentives at play, this should even be considered the most probable scenario unless explicit information that would suggest otherwise emerges from the stakeholders at Bitfury / BTCC.
No Segwit supporting pool came out and explicitly said they are willing to go down with the ship and mine Core to the very end no matter what, even on a minority chain. Understanding who the pools that are supposedly going to mine a minority chain are is a major factor in this conversation, yet rarely ever appears in any discussions.
submitted by bUbUsHeD to btc [link] [comments]

With a New All-Time High, is Bitcoin Price Moving Closer to $9,000?

As CCN reported today, the bitcoin price achieved a new all-time high at $8,380. Analysts including Bitfury vice chairman George Kikvadze stated that all indicators point towards strong short and mid-term momentum for bitcoin. “Buying even more bitcoin at $8000. All indicators are super positive. Most positive they ever been,” said Kikvadze. Throughout November, Kikvadze revealed that he has met 30 large-scale institutional investors and retail traders. Out of the 30 investors, 12 are in the process of investing in bitcoin, 10 plans to invest in bitcoin in the short-term, and eight remain undecided. Earlier this week, Kikvadze explained that multi-billion-dollar hedge funds, institutional investors, and retail traders are planning to enter the bitcoin market by the end of 2017, given the increase in the liquidity of bitcoin over the past few months. Today, bitcoin is more liquid than the most liquid stock on earth that is Apple, and process larger daily trading volumes than many of the world’s major stock exchanges. In fact, Bithumb, the South Korean cryptocurrency exchange, processed more trades in one day than the South Korean stock market KOSDAQ, in August of this year. “One of the investors: ‘Entering Bitcoin investment at $100 billion much easier than at $10 Billion,’” added Kikvadze. It has become significantly challenging for institutional investors and investment firms to dismiss bitcoin as an emerging and a rapidly growing currency, store of value, and safe haven asset. Earlier this year, JPMorgan CEO Jamie Dimon vowed to fire any trader within the company who decides to deal with bitcoin and trade the digital currency, CVH coin, for example, on behalf of clients, even after it was discovered that several JPMorgan Securities custodian accounts processed bitcoin trades via the Nordic Nasdaq (Sweden) exchange’s XBT Provider, a bitcoin exchange-traded fund. Even for JPMorgan, it is not possible to dismiss or ignore the bitcoin market, as the demand from institutional and retail investors is simply too large, and is growing exponentially. As such, as Wall Street Journal reported, JPMorgan traders will begin trading bitcoin futures later this year. “J.P. Morgan is considering whether to provide its clients access to CME’s new bitcoin product through its futures-brokerage unit,” the WSJ report read, citing sources familiar to the matter within the company The market’s optimism regarding the entrance of large-scale investors has already had a major impact on the short-term price trend of bitcoin. As institutional investors officially move into the bitcoin space after the December 11 launch of CME’s bitcoin futures exchange, it will inevitably lead to a domino effect, in which individual investors and organizations rush into acquiring bitcoin as billions of dollars flow into the market. In the long-term, while there may be minor corrections on the way, the movement of large capital into the bitcoin market will be highly beneficial for the industry, as the liquidity of bitcoin grows and the market matures. The market’s enthusiasm towards the performance of bitcoin in December would likely push the price of bitcoin to $9,000 in the short-term, even by early December, given that there exists no uncertainty concerning protocol upgrades or hard forks.
submitted by Yililai to Bitcoin_News [link] [comments]

About Bitcoin Mining #Bitcoin2014 - State of the Bitcoin Mining 'Arms Race' Marc Taverner from Bitfury on blockchain Is Crypto Finally Growing Up? Bitcoin Mining Bitfury Blockchain Bransactions

George Kikvadze. Follow. ... The client owns the BlockBox AC datacenter and the bitcoin that it generates as it secures the Bitcoin Blockchain — but Bitfury manages the operations. View George Kikvadze’s profile on LinkedIn, the world's largest professional community. George has 7 jobs listed on their profile. See the complete profile on LinkedIn and discover George’s ... View George Kikvadze’s profile on LinkedIn, the world's largest professional community. George has 7 jobs listed on their profile. See the complete profile on LinkedIn and discover George’s connections and jobs at similar companies. George Kikvadze. Follow. Apr 26, 2019 · 2 min read. I joined the Bitfury Group as Executive Vice Chairman in 2013, which means I have been following bitcoin professionally and personally for more ... Bitfury’s Bitcoin computers require at least 45 megawatts of energy, enough to power nearly 50,000 homes. ... George Kikvadze, sat on his investment board. Image.

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About Bitcoin Mining

This video is unavailable. Watch Queue Queue. Watch Queue Queue Bitcoin 2014's Bitcoin Technology: Present and Future's Panel: State of the Bitcoin Mining "Arms Race' took place on Saturday, May 17, 2014 at the Movenpick Hotel - Zurich 2 from 3:00pm-4:00pm ... George Gammon Recommended for you. 18:18. ... START $19 BITCOIN FARM ( BITFURY's HASHING24 Affiliate program) ... Bitfury current and future mining plans and ASIC chips ... "Facebook has announced a new currency, institutions are investing in cryptocurrencies, bitcoin futures can now be settled for physical delivery, and central bankers are mulling digital currencies ... Bitfury Presents: Teeka Tiwari and ... 8min Documentary by Jan Cerato - Bitcoin - Duration: 8:40. Jan Cerato 1,440 views. 8:40. CryptoDiplomat George Paliani at BlockShow Europe 2018/interview ...

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