The Bladetec IT company intends to construct the largest bitcoin farm in Great Britain

Home » MINING » The Bladetec IT company intends to construct the largest bitcoin farm in Great Britain
2018-03-19
The Bladetec IT company intends to construct the largest bitcoin farm in Great Britain

The supplier of IT accessories Bladetec announced about its plans to launch the biggest center for mining bitcoins in Great Britain. For this purpose the Third Bladetec Bitcoin Mining Company Ltd project (TBBMC) intends to attract £10 million (about $13,9 million) from investors.

It is noted on the Envestry page — the investment platform of the project, that the new center will be located in the southwest of the United Kingdom. Organizers plan to support work of the bitcoin farm for 2–3 years then will sell all the mined coins and the equipment for mining to provide a return of investments.

In return, the founder of Bladetec John Kingdon assures that potential investors “don’t risk to lose money”. If we trust his calculations, only the sale of the mining equipment will provide profit. However, Kingdon hasn’t specified whether he considered such factors as falling of the price of accessories and continuous increase in expenses on maintenance and service of the mining farm over time.

At TBBMC, they expect that profitability of investments will correspond to one of four scenarios — depending on the bitcoin price in the next two years.

Bladetec company founded in 2002, in the past it provided IT support, supply and consulting services to such organizations as the Ministry of Defence of Great Britain and NATO.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,943.46
  • ethereumEthereum$146.73
  • rippleXRP$0.326872
  • tetherTether$1.00
  • eosEOS$3.82
  • stellarStellar$0.090379
  • litecoinLitecoin$50.70
  • cardanoCardano$0.046910
  • tronTRON$0.024870
  • moneroMonero$51.19
  • iotaIOTA$0.311292
  • nemNEM$0.043804
  • dashDash$84.56
  • neoNEO$9.02
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 12
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 39
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 15
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 11
© 2017–2018