Inventable Technologies’ case is proving popular with cryptocurrency traders.
A Yorkshire engineering firm has helped the inventor of a cabinet to house cryptocurrency mining rigs turn his design into a reality.
Normanton-based Yorkshire Laser and Fabrications (YLF) was the first choice for Matt Waters’ Inventables Technologies, which has designed a case to house computer processors used to process transactions on some cryptocurrency networks.
Matt explained: “There are now more than 1,300 cryptocurrencies of varying sizes and it is a booming area of technology.
“Anyone can join the network to help process transactions in cryptocurrency and it is a fast-growing market that has boomed from around $18 billion to $600 billion in just 12 months.”
“Supporting networks like Ethereum and Zcash is achieved through devices incorporating numerous graphics cards known as mining rigs.
“I wanted to design a case to enclose these that was both aesthetically pleasing so that it passes ‘the wife test’ as well as allowing enough airflow to enable them to operate effectively.”
Matt, whose company is based in Guildford, was looking for a company that could turn his design into a physical product in a responsive, cost-effective way.
“I don’t have a vast experience of sheet metal working but YLF has an automatic quote facility which enabled me to work on my design and tweak it according to how much it was going to cost to produce,” said Matt.
“I was able to modify the design and get a new quote within an hour which was incredible. This was a tremendous benefit for me and I couldn’t find anywhere else that could do this.”
“I’m operating in a fast-moving market so while cost was one consideration, making sure we were going to deliver on time was also very important.”
Matt says that an additional side benefit of his rigs is that, while they use a lot of electricity to process transactions, they also generate a significant amount of heat.
“This heat is usually wasted in large-scale commercial concerns. By designing a device that people can live
So far YLF has delivered the first batch of five cases with another 10 on order.
“The cases are already proving popular with customers. They are quite a convincing investment for people and are selling as fast as they can be made.”
“It is an interesting niche product that will probably evolve over the next year or two and I look forward to working with YLF in future on modifying it to meet customer needs and demand.”