Sfards Technology Ltd Brings Innovation And Investment To Mining

Sfards Technology Ltd is the new crypto currency mining operation created by Li Xiao Lai, angel investor and one of China’s most influential Bitcoin figures. A product of the Gridseed and WiiBox merger, Sfards received venture capital from the VC firm Matrix Partners China.

“I think that the fact that we are inheriting the talent that conceived of the first ASIC that could mine the Scrypt algorithm (once thought to be impossible), WiiBox’s extensive experience monitoring how mining hardware runs and how to maintain maximum efficiency, and now a considerable amount of monetary backing, we will be able to bring some serious innovations to the industry. We are hoping to reach unheard of levels of efficiency and power.” – Jack Nierderer

They have already made history as the first crypto currency mining company in China to receive VC funding. In addition to acquiring talent from the merger, Sfards have also sourced outside talent and are confident in their potential to lead the mining industry with superior software, hardware and microchips.

“We plan to propel industry standards to new heights, create globally accessible hardware and to inspire continuous progression in the mining space.”
— – Sfards

It is an interesting time for a new mining business. Butterfly Labs were placed in temporary receivership, pursuant to a court order. The Federal Trade Commission reported that they used customers purchased machines to mine, as a result the hardware was delivered late and obsolete. Evidence continues to crop up and the Bitcoin community have not been overly impressed with the operation.

“So 10ish months after the first ones were supposed to ship they finally come out…too bad they’ve been beaten on efficiency and price per GH/s by other manufacturers with already shipped products at this point.” -eleuthria

“After the fiasco that was my 5GHz miner with a nearly 1 year delay I swore to never give them another cent.” -itguy69

Sfards have dedicated themselves to outshining these previous experiences with the customers needs in mind.

“One thing that we are putting huge efforts into is transparency. We want to solidify ourselves as a respected and trusted brand, building loyalty among customers, while also delivering the highest quality products. So not only will we be releasing next-level hardware without the pre-orders, we want to make sure our customers are happy and get what they have paid for.”
— – Nierderer

Jack Niederer, International Project Development Manager of Sfards first heard of Bitcoin when he was studying at Peking University. Three months ago he was introduced to Li Xiao Lai and the business relationship was solidified with a job offer to help build the awareness and the image of Sfards internationally.

Sfards also has the combined talent of 10 specialists with experience in developing mining machines. At present Sfards is researching key factors that can influence mining such as heat generation and hardware deployment. Sfards are planning to launch a cloud hash rate rental platform, the first of its kind.

“This innovation will solve the problems of short term hash power renting and will aid the farm owner in sustaining a profitable cash flow. It will also provide an opportunity for individual miners to enjoy short-term windfall gains via alt-coin mining.” – Sfards

Nierderer expands on this explaining the possibilities of such plans:

“So for example instead of buying a piece of mining hardware and having to pay for electricity, maintenance etc. I can go onto the WiiBox exchange and buy 24 hours of SHA or Scrypt hashing power. With the power I’ve bought I can then split it to mine a variety of different coins. Alternatively, I can rent out my mining equipment for varying time frames to other users.”
— – Nierderer

In time, further information will be released by Sfards regarding full details on their semiconductor technology, and how it will exceed expectations of their ability to facilitate low power consumption. There will also be more information filtering out from the company regarding their mining hardware and their cooling technology. Sfards are also mulling over futures trading and plan to invest their time into exploring this concept further.

B.Holmes, author of The Range of Illusion and The Private Key instalments, is currently located in Thailand, researching and writing about crypto. You can follow B.Holmes on twitter @BanteringB, or contact via email: [email protected]