Bitfury Latest To Donate Crypto Mining Power To Coronavirus Research

Blockchain tech agency Bitfury has given few of its GPU-based computing energy in direction of coronavirus analysis.

The Amsterdam-based agency mentioned Tuesday it had devoted its GPU laptop nodes to the "Folding@house" coronavirus analysis venture. Run by Washington University, the venture has been asking for laptop processing energy to run simulations for coronavirus protein construction that would finally assist develop a vaccine.

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"Our contribution of extremely efficient computing power pales next to the selflessness and sacrifice of our medical caregivers and essential staff on the front lines of this virus, but I am confident that this project from Folding at Home, aboard the work of many researchers and doctors, will importantly advance our understanding and treatment of this disease," mentioned Bitfury CEO Valery Vavilov, in an announcement.

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The firm joins its rival GPU mining operator CoreWeave, which introduced on March 19 that it had devoted some 6,000 GPUs to the Folding at Home venture.

Bitfury's inventory of ASIC rigs - a much more extremely effective type of mining laptop - will proceed mining the Bitcoin blockchain. While GPUs are versatile, ASICs are extremely specialised and can't simply be shifted to different initiatives.

Bitfury mentioned its GPUs had carried out greater than 1,300 calculations for Folding@house since they began work on March 20. The firm says that it plans to "scale-up its contribution importantly over time."

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Bitfury Latest To Donate Crypto Mining Power To Coronavirus Research
Bitfury Latest To Donate Crypto Mining Power To Coronavirus Research

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