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Author Topic: Intro: U.S.-based ASIC design group w/ patent on reducing electrical consumption  (Read 1384 times)
philipma1957
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February 24, 2018, 05:31:40 AM
 #21


Erik: "We are currently planning to build the world's largest Bitcoin mining facility in Norway.  This is a 150 megawatt facility, which is an enormous amount of energy.  The electricity is already installed in the building, ready to plug in our miners once they are operational. Since our miners are 80% more power efficieant, it means that in our single facility we will be mining Bitcoins equivalent to a 750 megawatt facility, which gives us a tremendous competitive advantage just in energy savings."


 Are these folks related to, or part of, the moron group that bought out KNC and KEPT THE NAME?

 I can't remember offhand if the big KNC mining facility was in Norway or Sweden....


as a descendant of a Norwegian grandparent do not sully us with knc they were from Sweden

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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cryptotore
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March 17, 2018, 04:14:41 AM
 #22

I've been following these guys for a while, and I must admit it looks and feels like a scam.

They were suppose to have a prototype of the chip and results ready a month ago (15 feb), I havent heard a peep.
They also tried to rush me into investing in their cloud mining "before it was too late".

That being said, I dont necessarily believe they are intentionally trying to scam people. They have probably just pre-sold the contracts based on chip simulations.
nakke
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March 19, 2018, 11:39:26 PM
 #23

Yeah, where is the prototype/test results?

The only post from them lately is that they have successfully sold out all their cloud mining contracts.

I have some investigations ongoing regarding this company. Will post the results here later when I have them.

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May 17, 2018, 12:06:48 AM
 #24

Hmm, seems like admin didn't like my link explaining some of Cryptotech's problems..
Is this the censorship Roger is talking about?

I'll try again:
https://e24.no/naeringsliv/bitcoin/avlyser-milliardavtale-med-norsk-kryptoselskap-et-korthus-av-risiko/24307554
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