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Monday, June 24 • 11:40am - 12:15pm
GaN and Cryptocurrency Mining – A Small Change That Can Revolutionize The Industry

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GaN and Cryptocurrency Mining – A Small Change That Can Revolutionize The Industry

Never mind that we might not know what the future holds for cryptocurrencies and how much values will fluctuate or even how the process of mining a coin could cost as much as the value of the coin itself – cryptocurrency mining is a hot industry and shows no signs of slowing down. However, energy consumption to mine cryptocurrency is one of the biggest issues facing this industry. Burning huge amounts of electricity isn’t incidental to cryptocurrency, it’s basically embedded in the core of “mining.”

In this winner-takes-all game, burning the most electricity increases the chances of winning.
The Bitcoin Energy Consumption Index states that the global energy usage of all bitcoin mining already is equivalent to the power uptake of the country of the Czech Republic. Mining equipment for a larger operation can exceed 100 megawatts (MWs) — similar to what a 1 million-square-foot Google or Facebook data center may require.

Gallium Nitride (GaN) power transistors will play a central role in the revolution of cryptocurrency mining to greater energy efficiency by enabling the creation of smaller, lighter, lower cost, and more efficient power systems that are free from the limitations imposed by yesterday’s silicon-based solutions. GaN technology will enable cryptocurrency miners to not only reimagine their own mining, but in the end – actually play a role in transforming an energy dependent industry.

During this session, attendees will learn and understand:

• The details of how GaN technology is can change the cryptocurrency industry
• The ROI of GaN technology – how GaN can go beyond just bill of material cost reduction.
• The maturity of the GaN technology market at this point in time.

avatar for Alain Bismuth

Alain Bismuth

Vice President Datacenter Business, GaN Systems
Alain Bismuth, a 25-year veteran of the semiconductor industry, was most recently VP of sales and business development at MultiPhy, a leading provider of optical communication solutions to the datacenter and 5G wireless infrastructure markets. In this role he established the company... Read More →

Monday June 24, 2019 11:40am - 12:15pm
06 Blockchain at FinTechEXPO Great America Room1
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