We are pleased to present Henry Quan on our podcast once again. He is the CEO of ePIC Blockchain, a North American based Crypto-mining ASIC design and rig supplier. Henry brings 30 years of high tech and semiconductor experience to the blockchain community.
He was an executive at ATI Technologies for 18 years and helped grow the company to over $2 billion in sales annually and become the #1 GPU manufacturer. ATI was acquired by AMD for $5B in 2006. Henry held various executive roles from product marketing to strategic planning to Corporate Development.
Henry will be discussing his new developments working with ePIC Blockchain to bring miners what they want!
https://www.pscp.tv/w/1BRJjYyNBgRGw https://www.facebook.com/groups/crypto.mining.tools/permalink/645562619691043/ https://www.facebook.com/cryptominingtoolspodcast/videos/975213872951591/ https://www.facebook.com/scott.offord.milwaukee.seo/videos/10164000200700024/
Transcription
All right.
I’m Ethan Zarqa and I’m here with Sakib, my business partner and good friend. And we have a great guest back with us today. It’s going to be Henry from Epic Henry. This is your second time on our podcast. And so I’m really excited to have you again. I know there’s a lot of really cool things that you’re working on and we’re excited to share it with our audience. Well, it’s great to be back you know, thanks for having me on again,
Definitely I’m the salute was for a Bitcoin being over 10,000. So
We always salute when Bitcoin is over 10,000, when it’s, when it’s over 20,000, I’m going to have to figure something else out. Maybe we’ll stand up or something. So yeah, Henry, tell us what’s going on in your world. I’m excited to just go ahead and get to it all. There’s lots going on. We’ve got some new products in development. The OSI minor is finally in production. You know, I feel like we’ve, I feel like we’re back in them in the dark ages, we have to communicate with China to get the product up and running. You know, communications is a major bottleneck, especially when it comes to hardware and we get a board, they run a signal you know, they say, I can’t, this looks funny. And we say send it to us or do this. And then they kind of respond 50 emails changes later.
They end up sending a board back to us and said, we can’t figure it out. So really had a lot of issues in terms of hardware, bring up. Normally we’d be there on site and we could just be on the same bench, put the silver scope on measure and say, I can do this. But every, every change takes close to a week because they send the board back. We debug it back to them and you know, that’s why I have to apologize to our customers for being late, but we’re trying really hard. We’re up every night trying to figure it out.
So it’s because
Pandemic, I guess it’s restricting travel and it’s, I can totally understand your frustration. I still get calls to this day. A lot of people have computer problems and I used to have a computer repair business and, you know, they want me to fix their computer over the phone, but I mean, just, it can’t be said enough about how being in person and interacting with the electronics in person can give you so much more information than just somebody observing and saying, well, this is what I’m seeing it doing. You know, maybe they’re not seeing something that you would see if you were there firsthand and be able to really diagnose what the issue is and move forward with it. So I totally understand your frustration it’s interaction, right? So there’s a lot of talk about work at home. We want that early on when, you know, dynamic first, yet we’re working on our next generation chip, right? We could get most of the work done, but you still can’t get everything done until you’re together. It’s the group think and the real time interaction that’s missing. So, you know, from a hardware standpoint, it definitely needs to, we need to be together and we need to impact in real time. Yeah.
That is it.
So adding more expense, I guess, because of the separation or is everybody kind of understanding and saying, you know, look, we’re not going to bill you for this extra time because you know, it’s a pandemic and it’s just how things are no businesses business or being full by some federal express stock where, okay. I’ll, I’ll, I’ll I’ll write that down here. Let me,
Especially with flights I think being down it’s, you know, I’ve been sending VSL packages back and forth and, and same thing, I think FedEx, DHL, they’re getting a lot of business right now because of
Yup. Yeah. It’s, it’s absolutely amazing. When I sent some things to you sickie, but I sent them via DHL and I actually, at the same time, I sent two packages at the same time, one to India, one to Bangladesh and which one, one did, did we make a decision to Bangladesh India? It was, it was kind of a tie, but it basically took like, you know, three weeks for everything to get it arrived there in two days, but then three weeks after that, just for clearance or whatever, the shenanigans yeah. Customs or whatever. Right, right. So yeah, we can, we definitely know your shipping was Henry. So Henry tell us you know, tell us about what else you’ve got going on with your operation and just for the audience, those who don’t know Henry if you’ve ever played a video game, literally if you’ve ever played a video game I guarantee you, you are a fan of Henry’s work.
Henry has worked with pretty much all the major consoles in developing, you know, their, their processes and their units that they yeah. That make them perform. So, you know, if, if you’ve never heard of Henry and you’re like, who is this guy now? You know, he’s the guy that’s responsible for your video games working. Yeah. So Earl Meyer CTO helped build six generations, the game console. So his last two products before he left AMD were for PlayStation five. And X-Box next, which are both shipping at the end of this year. Yes. Yes. And there’s a lot of people who are very excited about that one in line, like, Hey, can’t you get a, you know, an engineering sample or anything. Do you have any, any ins for that? I have a FPJ working in one of the, but we had to leave that or had to leave that behind. So we saw that before he left. Wow, cool.
You know, but the interesting thing is, you know, you started working with, I think it was what the 9,500 pros, right? The ATI, yes.
Actually the 85 hundreds maybe.
Yeah. Even before that we helped develop the rec X with Microsoft. So all the sites, when they first came out, they were all based on graphics. Celebrators thanks.
Okay. So yeah, like, like I said, you guys have been a fan of Henry’s for a very long time. You just didn’t know the name, the name of the person that, you know, all of these luxuries and these, these things that you enjoy. And in modern day technologies today, Henry was one of the founding fathers of that. And I just can’t give them enough respect and credit for that. But he’s in, he’s in the book
Blockchain industry.
Yeah. I’ll come into the, the mining world. He’s decided to you know, to, to take off the shirt and tie in, in corporate and enterprise console development. And he’s decided to go into the mining development world and into blockchain industries. What was the deciding factor for that Henry? I it’s S you know, the,
So there’s a couple of things, right? But there’s in most industries today in semiconductors, this is a closed ecosystem, right. You kind of know you’re, you’re boxed in the space and you can only provide so much innovation. We looked at blockchain and we said that the market is wide open for innovation, because at the end day, what you’re just trying to produce this, the best hash power and the best efficiency, and you know, everything underneath that, the architecture, the system, the waste have been designed and the way we ship it is all open for innovation. So this is similar to the talk I had at mining disrupt, which is, I believe that mining is going to undergo some major innovations, and we believe that blockchain will become a need to be more efficient. We’ll see different foreign factors, such as blade servers. You’ll see immersion, come on. You know, I’ve got a cool immersion demo. I can show you in a stack. And, you know, we’ve got a whole bunch of other things you know, voltage innovation form factor, or the type of ASIC and the type of processing. So all that is going to be like the PC days that we used to call the wild wild West. Now today’s technology and PC is really boring because it’s all the same stuff over and over again. Yeah.
It’s, it’s all, it’s all kind of been figured out. And so you, you wanted to go from an industry or a situation where, you know, it’s, it’s just, you know, wash, rinse, repeat, wash, rinse, repeat, and go into a situation where you saw the original pioneers, you know, they were onto something, but, you know, your years of expertise could just elevate it to another level and next level in terms of innovation and a, yeah, that totally makes sense. So what are your thoughts about, you know, the, the current manufacturers and we won’t name any names, but just speak in general terms you know, give me give me an example of a mistake
They clearly made or, you know, something that they overlooked.
Well you know, let’s, let’s, let’s look at mining in general, or I saw mining is what we would consider a mission critical application. You need to be up 24 seven in order for, you know, to be viable as a commercial miner, right? Your product is reliable. Well, fundamentally we don’t, you know, we, the industry doesn’t go through that reliability testing or kind of, you know, the quality assurance. Yeah. We’ve been ingrained by when we’re dealing with Apple and Dell and HP and others is there’s a, you know, there’s a flaw we end up paying for, right. We have to be down at their sites. We have to have them qualify the products. We look at the stats of the products, if say, you know, total cost of ownership is this reliability, is this, you know, heat they, or is that type of thing. So none of that is transparent in the business today.
And, you know, we don’t have a roadmap and the businesses say here’s how people work together in a high density form factors, right. These kind of shoe boxes, don’t both fit very well. You know, we know the world is going to blades. You look at P server, they’ve all gone to blades, right. So why hasn’t the, why hasn’t the mining business gone that way until there’s a whole bunch of parallel industry learnings we can apply to mining. Yeah. I, that, that totally makes sense. And, you know, again, you know, now that I’m thinking about it, like, yeah, why haven’t they gone to blades? Why haven’t they, they try to follow some of these other industry standards. And you know, especially I’ve noticed with power, power supplies, there’s no standardization, right? So the [inaudible] connectors, the [inaudible] and the [inaudible], they have to see 13 connectors, but it’s really two power supplies integrated in there.
They’re smartly balanced between each other. Then other manufacturers just went straight to a [inaudible]. And it’s just like, especially in these times where it’s tough to get new inventory from the manufacturers because of the drama and the things that’s going on, you know, people are considering changing out, but if they had a previous infrastructure, that’s say that was ready for us nines, that was able to power us nines. They may have to completely overhaul and redesign their power distribution infrastructure just to handle, you know, let’s say what’s minor minors, you know? And so this, having this non standardization is costing people, hundreds of thousands of dollars and in renovating these things. And so, yeah, I’m really glad that you’re kind of bringing a standard or you’re bringing an industry standard, or at least that’s one of your goals. I think that’s, that’s fantastic. Right. And it gives the power back to the customer too. Right. You can provide infrastructure to say, here’s what I need. And here’s what fixing them Iraqi. I’ve seen far too many miners say, Oh, I’ve got all these [inaudible] coming in. I gotta redo all my racks. And yeah. And
I think, you know, the market, it’s going to be a, as, you know, like it’s going to choose the most efficient method in the long run. So eventually I think it’s going to be going in that direction anyways.
No, I don’t think it’s so much, you know, because here’s the thing you can promise efficiency, but what if you don’t take care of your customers? What if you don’t have product availability? So, you know, it’s one thing to make a promise, but that promise is only as solid as what it’s backed by. And if it’s not backed by a quality system, that’s there for the customer that wants to take care of the customer and do right by the customer. It doesn’t matter what you promise, because that promise is just emptiness. It’s just,
Yeah.
And you know, again, that’s why I have so much respect for you, Henry Henry, why don’t you show our viewers just how nitty gritty you get into testing you know, into testing your products. Because I th I agree with you. I mean, this is something that needs to be brought into the industry. And I, I think the more we can make our audience aware of it and kind of, you know, make it part of their focus, the more value you’ll bring into the industry.
Right. So let me show you a couple of things, right? So this is a, this is a single piece heat sink, right? Wow. Our hash board. And you know, the standard industry practice today would be to put an individual heat sink on, and we all know, happens to individual heat sinks, right. They get loose, and then they go pink seventeens all fall apart, you know, 30% of them are dead because of heat sink problems. Well, you’d think it’d be an easy thing to do, but the reason people don’t do it, this, you got to worry about contact pressure, right. So, you know, we’ve trying all these different types of thermal tape, we’ve got different torque specs. We’re moving to screw holes around in order to make sure we make properties,
I’ll get a good even, and also the thickness of the heat sink itself. Right. You don’t want any biz bending or twisting or anything. So it has to be
Very solid. Yeah. So, you know, that’s, it’s the conductivity, you know, it costs us a little bit performance because we don’t run a hundred percent full. We don’t run as tight a contact as the individual heat things, but you know, those are we think that at the end, the reliability matters. I don’t know if you can even see in here is, you know, we’ve got spacers in here too on the washers, a little height here. You know, here’s another example, immersion cooling, right. People think, wow, you just take a, you just take something, you just throw it in the fluid. There’s a prototype for emerging cooling, right. So we’ve got temperature sensors in the chip and we’ve got external sensors and we’re measuring each one. You know, I got, we got tanks outside that we use to vary the flow, to see how things perform over the, you know, over time and different different heat areas.
And we’re trying all kinds of different thermal, you know, thermal conductivity, you can see we’re using different heat sinks here, the thinner ones, the heat sinks here, you can see that, you know, it’s almost looked like a comb. Yeah, yeah, yeah. These are a lot finer. So they allow better, better flow for fluids. So, you know, all kinds of little things like that. And then she’s actually my next generation board, or, or should we go on to something else? Let’s see it. Let’s see it. I love this stuff. My next generation board, this is not the CIO board. This is another board. So we have it back in our labs. And you look at this, it looks like a three letter word, and it looks like it’s using like a heat pipe technology. You notice that it’s got a PCIE slot on it, correct. Using heat pipe, like a GPU. In this case, we’re not going to reinvent the wheel and do our own custom form factors. We’re just going to reuse what’s available on GPU. Okay. This thing will run 300 Watts because it’s going to plug into a PC slot and it’s it’s fan lists too. Right. There’ll be fans and families. So we have an active and a passive version. Right. Wow.
Could you imagine walking into a big farm,
It’s just silent. Like, wow, you don’t need the fans.
They get rid of the heat somehow from the building.
It wouldn’t, it wouldn’t be
Nearly as noisy as many of them.
It’s definitely not like the S you know, like the stuff from some of the manufacturers out there right now. Right. And our goal here is to decentralize mining. So we want to bring mining back to the home, right. So for the hobbyist miners and a small minor support, the coin, you know, we realized that shoe boxes, aren’t the most, aren’t the most home friendly environment. So these are going to be 300 Watts. They’re going to fit in your PC or notes and chassis, and
They’ll be able to run off of residential power. Exactly. Okay. That, yeah, that’s a really big thing. Excellent. That’s awesome. So tell us about your science liner.
How about the SD 200? Well we’re, as I said, we’re finally in production. We didn’t have to make the trips back and forth to Asia. It did cost us a month because, you know, we have to be locked up 14 days in corn chain before we can go to the factory. And then we have to be locked up 14 days coming up where you can go back. Yeah. So you know, we’ve got all these wafers, basically. We have all the chips packaged, they’re waiting in production. We got the boards built. We’re doing the final testing and burn in because it’s our first batch. We want to try and make sure that they go through a more robust testing. We’re basically building them in batches of 25, doing extra burn in, and then measuring all the signals and whatnot, and then basically packing them back an extended. So
When, when can customers expect the delivery of the first?
Well, let me put it, yeah. The first batch of your leaving the factory. So
This is not strictly up to me, so they should
Even the factory at the end of next week to start the call from Syngenta, Hong Kong. And in however many days, it takes for the freight forwarder to pick them up and ship them.
Okay. All right. So would it be reasonable to say mid September
Mid September should be the date. Okay. Depends on flights. We have all the parts I can show you the bills.
Yeah. That’s another thing that’s very frustrating in the industry is you know, we have a very similar situation with another manufacturer and it’s, you know, they’ve got everything locally, but, you know, it’s just going on because of the pandemic going on through that, that chain of command or w you know, where it has to go from place to place to place to finally get here. That’s where we’re finding a lot of difficulties in Hangouts.
Sure. Demand’s high. Cause I coined price has gone to the moon. I was going to say Saya coin is really done. Well, a really good recently. And I think,
Is it, how much is it up from our last podcast? Can you
50%? We’re at 35 last time or in our podcast. If I remember correctly, it’s two right now.
Oh, wow. Wow. So that’s a significantly more earnings per day or yeah. And a C a coin is, or CYA coin. I don’t know. It depends on how you want to say it. CYA coin is, is one of those coins that it has a utility behind it.
It has a purpose behind it
Beyond just being a coin and being something that you can mine and, and, you know, something of value. And you know, I’m so grateful to you, Henry for supporting that utility and getting behind that. And, and like you said, just making, mining something that everybody can do, you know, not just, you know, the, the big money people and, you know, the enterprise level and, you know, industrial scale level of mining that I’ve been seeing in these, you know, coming up in these past couple of years, but just kind of making it something that everybody can do. Right. and yeah,
In that thread, yeah. Simply is, is the hobbyist, minor has, has been left with less and less options. And now we’re, you know, basically someone like me who basically a hobbyist minor, I would it’s very difficult for me to go into any, any of the big coins and I have to go for a lot of speculative coins. And so, you know, if you’re bringing that back the hobbyist mining is really gonna thank you for that. Yeah. And I think, you know, sack points has really special case cause although
Our minor isn’t really designed for the hobbyist, it’s got the whole grassroots following, right? The centralized storage you know, costs on side storage is very inexpensive compared to other, you know, other mechanisms. I think it’s the net cost of storage. There is like a 1.5, a dollar 50 per terabyte, right? You compare that to, you know, to Google or Dropbox, your order magnitudes higher than that. And then, you know, I think it’s a coin that’s definitely going to grow. That’s what we chose to support it. You know, you look at size stream, you know, they got the Plex server running. That’s going to be the no hobbyists self storage. You know, you won’t have to pay the outrageous fees to other people if you can host on it. You know what they’re doing with Skynet in terms of, you know, free file storage for decentralization. And so you’ve got the security, you’ve got the low cost and you’ve got a very scalable infrastructure. You know, my, my plug for CYA is if you have, if you have three stories, sign up for a size storage, you can basically put your storage on there, learn how it works and you know, add more hard drives or buy some minors.
The best part is it’s on the blockchain, you know, so it’s never going to be a, it can’t be edited. It can’t be destroyed. You know, it’s always going to be there.
It’s always secure, right. You’ve got six copies on the blockchain.
Exactly. And we’ve kind of had another coin orchid which also has a utility to it has a VPN utility to it. And, and we’ve seen a huge rise in orchid recently. And so I expect these coins that have a utility, a purpose beyond just being, you know, a sense of value. I expect them to rise Henry obviously. Saya is not the only thing you’re working on. Can you give our audience a little just, just a little glaze to, you know, the future, you know, what’s going on behind the curtain, right.
Well, I got a PCIE card coming, a watch for this in late this year, early next year release of this is not under my control. It’s up to the coin. So you know, expect this to be in consumer pricing levels and you know, look for you guys at cm, CMT, we’ll have it available for sale partner. What else can I tell you about it? I think you’ll make a bunch of money on this. Initially, we’re going to have the same business practices, which is we’re going to publish how many we’re going to sell. And so, you know, you can be guaranteed that, that, you know, you’ll recognize what the profit is.
That is fascinating. And I think that’s kind of been the, the in previous ventures, the manufacturers would just churn out as many miners as they possibly could. Nobody, nobody knew, you know, you could look at, you know, the overall hash rate and you could kind of guess, but nobody knew exactly how many were coming out and this would cause a panic and then people would, would exit, they would cash out. And then inevitably we cause a price crash. And then because of the price crashed, and then everybody’s like, Oh, well this was just a, you know, this was a shitcoin and this was never, you know so your strategy behind that is, is kind of very controlled manufacturer to keep an equilibrium that’s going. Yeah. And yeah, that’s absolutely, I think that’s a game changer in itself. That’s absolutely amazing.
Wow. Hopefully other, hopefully other manufacturers stick by that too. So I’m only part of the puzzle. So I’m hoping I’m going to set a good example and other manufacturers follow, right. The mining, we typically see this, we see this marginal revenue that goes marginal costs, which I’ll pick you to keep buying buying, and then basically everyone’s driven to them to unprofitability. Right? Exactly. Yeah. Yeah, no, it hurts. It hurts putting a cap on sales because, you know, obviously if there’s excess demand and we lose profits. Yeah. Scott and I have a saying though, in the industry, and that is a high tide floats all boats. And if you’re willing, you know, to make the right sacrifices at the right time, it ultimately strengthens and makes a better environment where everybody can win instead of just greed an a and a free for all. We have a guest here.
What does it case Jose I’m guessing Kaiser. So say can you ask if the PCIE card Henry is hinting at is an FPG a, or an ASIC here’s where here’s, where he’s going to get very mysterious? No, I can give you a very transparent about this, which is I make money on six, right? Our team designs, a six Intel makes money on FEG and Xilinx makes money on SPGs. So answer number one, you can probably guess as this is an ASIC. Okay. And then answer number two is for me to hit consumer pricing, I can’t do a hash Corp F FPJ FPGA is costs, you know, 10, 10, 20, 30 times more than an equivalent a sec. Yes. Yes. They, they are definitely more expensive and, and it’s kind of a, I’ve seen it like a hidden MIS you know, I’ve seen a lot of A’s come out. And if you get the right coin at the right time, right. You can be very profitable with it. But you know, many times by the time they actually receive their board, you know, the, that that window is already gone. And like, then they kind of struggle to figure out what they can do with, well, I mean, PGS
Are priced at a premium because it’s a, it’s a small application, right. So it’s designed to be programmable. So it’s a stage to get to a point. You look, you remember, you know, if you look back in the older days you know, it went to from CPS to GPS to FPG [inaudible], so it’s a transmitter point. The whole benefit of an FPJ is to give you the transition. It really is not designed for a crypto. It’s been designed as a program, as a program we’ll park in a more for telecommunications or, you know, automotive or other types of applications, which need that flexibility. Right. That’s why these extended more efficient and more powerful than than FTGS correct. And, you know, we’re running on latest, you look at it, we’re running the latest and greatest process. So, you know, we’re going to run at higher speeds. We don’t have all the excess logic that you need for networking or you know, about kind of programmability.
Yeah. So yeah, we’re just, just to confirm here, a case Jose is asking the wattage, the, why did you said it’s going to be around 300 Watts? That’s correct. Okay. So 300 Watts. Go ahead. No, I was just confirming 300 Watts. Yeah.
Yeah. We’re basically gonna run it to the max of the system. So, you know, PCI spec calls for 300. Awesome. So someone will be able to just plug this into their computer, I guess, you know, if they have a good power supply that’s correct. You can even do a mediocre car supply if you just put one, one or two in there.
That’s that’s fantastic. And Dean, give us an idea, like a timeline, any,
I believe I said it earlier, Lake Q4, early Q1. Okay. But it’s not up to me, right. It’s up to the blockchain. Yeah. Right. Okay. And that’s, what’s really interesting that, you know, you’re actually taking that feedback from the blockchain. I know that you know, there’s been a lot of blockchains that have that don’t support, you know, Asics and it’s good that you’re working with them to kind of release this, you know, to make it more decentralized. Yeah. Well, the part is still prototypes. So, you know, we’re just getting a board, we’re getting into board thermals and everything running. We’re waiting for the ASIC to come back. So that’s the,
Where do you see things a year from now? Can you give us any predictions?
There are, I think that you’ll, you’ll continue to see more contraction in the, in the mining business. You know, there’s a lot of going for five manometer and what will happen is that it’s going to draw a cash reserves of a lot of companies, right? If you look at seven nanny merits, an example, you know, people burning or burning close to $20 million on one bring up and you know, we saw a bit mingled through three versions of it. 15 will cost even more. Yeah. You’re,
You’re going to be two. People are going to be too close to the cutting edge, which is the early stage of technology. You know, the whole cell libraries and characteristics of ACEs aren’t fully determined, which is why the risk is always in the beginning of the process. Right. And, but in order to stay in the lead, you have to do that for the kind of very hashing intensive products like the Bitcoin products. You know, you don’t, you don’t see that as, as a possibility for a collapsed, very similar to what’s happening here is where, you know, it’s like Icarus flew too high to the sun. And you know, now with some turmoil, a pandemic and things like that, it’s, it’s almost like a death blow to some of these manufacturers because they they’ve spent all this money into the cutting, cutting, bleeding edge.
They haven’t quite perfected it. They haven’t gotten it perfected. And so now they’re kind of delivering a B grade C grade D grade products and defective products. They’re losing consumer confidence in droves. And you know, it’s, it’s kind of, you know, creating this, the snowball flag where you have a tremendous opportunity to come in and fill a void, or to begin to kind of rebuild from the ashes of these collapses or these failures. That’s correct. Now the, you know, the five Nanaimo cost equals caused people to run out of cash, right? If you have to make three spins that call it, call each spin, $30 million, 25, $30 million, that’s a lot of money to be thrown away. Oh, absolutely. It’s a lot of money to be throwing away. And especially when you’ve delivered a batch of products that has, has lost consumer confidence.
And on top of that, nobody knows when you’ll be able to deliver your next batch of promise products and you’re already months late and apologizing to customers. So yeah, I think it’s a tremendous opportunity for manufacturers for those. I know, you know, Henry, you’re probably one of the most prominent, you know, people in the manufacturing, the electronics manufacturing industry. But for those of you out there who are in the electronics manufacturing industry and, you know, are tired of what Henry said, you know, just doing the wash rinse and repeat everything’s figured out. And now it’s just, you know, follow, you know, the instructions to get to the end of the
Chip design. If you want to do something new, reach out to Henry contact Henry, if you’re an engineer, if, you know, if you’re a qualified engineer, reach out to Henry and, and see if he can get you into a new field, a new industry where you can really go and shake things up, you can change things.
Exactly.
And you know, Henry I, again, I just wanted to thank you again for being on our podcast and being our podcast guest. You’re, you’re always such a wealth of, and it’s, it’s so rare in our industry for us as the consumers to actually get to meet and like even shake hands. And one day we will meet face to face and I’ll shake your hand when the whole
Pandemic Scott,
You know, with, with somebody who’s, who’s actually, you know, building things that we’re utilizing to, you know, provide a future for ourselves to, you know, give us a, you know
Generational wealth.
And that’s, that’s amazing. I don’t think there’s, I can’t think of any other industry where you can actually do something like that.
Well, I will take blockchain as an industry, right? There’s so there’s so much innovation available. And you know, this, isn’t the end of crypto, isn’t the end of the road for us here, our goal at the days of the BPU, a blockchain processing unit, which will power all the servers and backend that you see today you know, you’re running, you’re running your transactions, that run visa, right? And you got so many people at touch points at the end of the day, trying to duplicate the whole, trying to build trust in a system that isn’t trusted, you know, kind of all blockchain, because it is truly trusted. And if we be very efficient, so the goal here is to go from today’s maybe, you know, 10 to a hundred transactions per second on Bitcoin. And some of the other blockchains to, you know, 50, 60,000 transactions per second.
Yeah. Right. Like visa can do like 30,000 a second.
Right. Much more than that. I mean, I’m pretty sure that we’ll, you know, we’ll be at a point where that visas transaction speed won’t be anything compared to the blockchain guns to buy your Ferrari. When you guys are running in mining, you want to go buy the Ferrari to bought on your credit card. Right now
You mentioned the blockchain processing unit in our previous podcast. Can you give us any updates on that? How far along is it is do you have any working prototypes?
This is going to be a 20, 23 and beyond what you see today is that everything we’re building kind of net kind of all fits together like a Lego block, right. So I’ve got my, I got my knock, my network on chip that we plug forth into. So that’s going to go into our blockchain. We’ve got some cool memory technologies that we patented and, you know, are starting to develop you. Might’ve seen her, her Liberty green product. We’re running at a 60 terabyte per second, which is a hundred times faster than what GPU are running. So there’s all kinds of little pieces that we’re bolting together. That is really awesome. And we’re using crypto as the way to prove the technology little blocks rather than to wait until the end of the day where we got to build this massive chip with all this functionality that is improving development.
That makes a lot of sense. That’s really cool. Alright. And that’s
What I really like about, you know Henry what you’re bringing to the table is you have, especially with the minors that are coming out, you know, you’re really providing value to the people that are buying it because you have a set number of how many that you’re going to manufacture, and that really brings value to the person that’s buying that equipment.
Yeah. I hopefully that, and you know, the increase in hash rate inefficiencies is important too. I think every point that we choose, you know, has some strong value attached to it. And that’s what we’re trying to do. We’re doing the crawl walk run, right? So the next, you know, the next products, a bigger proof of work product, it will be a top 10 in terms of a reward. So, you know, I see,
Yeah. Baby steps
Excited. I can’t wait. Well you know, thank you again, Henry for, for being on our show. And again, out to our guests Henry has some new products that he’s going to be releasing to the market. If you’re interested in those products, please reach out to Sakib Scott or myself and, and ask us about it. We’ll be happy to you know, again, within the rules and within the guidelines, you know, get, get you guys the, the gear that you want from him, right?
Yeah. And you’re right. I am so, yeah,
No worries. No worries about any secrets slipping from my lips. All right. Thanks a lot guys.
Well, it’s a pleasure to be here. Take care guys.