Bitcoin mining hard building 10MW Sweden gegevens center, News, DatacenterDynamics

6 February 2014 By Yevgeniy Sverdlik

A Stockholm company that sells high-performance servers for Bitcoin mining is building a 10MW gegevens center to host mining machines ter Boden, Sweden, about 20 miles north of Lulea, huis to a massive Facebook gegevens center.

KnC Miner said this wasgoed going to be one of many gegevens centers it would use to provide Bitcoin mining services to customers. It will provide thesis services for free to customers who have ordered one of its servers during the time it takes to produce the machine to them.

Spil it is getting close to releasing its latest Neptune mining system, KnC has determined to discontinue sales of the previous Jupiter system. It is suggesting the hosted solution spil a way to pack the gap for customers who dreamed to buy Jupiter but now have to wait until the Neptune (price tag: US$Ten,000) comes out some time ter the 2nd quarter.

Bitcoin is a digital currency created, or “mined,” by computers through solving ingewikkeld mathematical problems. Creator of the digital currency set the limit of Bitcoin at 21m.

The more of it is mined, the tighter it becomes to mine more spil the amount mined gets closer to the 21m ceiling.

The currency is very volatile, its price having swung frantically across the five years it has bot around.

Many companies have emerged with business models built on serving the Bitcoin ecosystem. Some, like KnC, provide specialized hardware, some provide exchange platforms for the currency and some provide hosting services for mining operations.

KnC said it had US$75m ter turnover since June 2013 by serving its customers te about 120 countries. To scale the business, its management determined to expand into gegevens centers.

“Our very advanced technology consumes a loterijlot of energy, so for us it wasgoed imminent to find a production webpagina with access to renewable yet stable and safe energy,” Sam Cole, a KnC co-founder, said ter a statement.

Northern Sweden wasgoed an attractive option because of abundant low-cost hydroelectric power.

While loving a loterijlot of public support for enabling users to avoid government regulation and taxation of their currency, Bitcoin is a controversial subject.

Just yesterday, Apple eliminated the most popular Bitcoin transfer app, called Blockchain, from the iTunes App store, making it unlikely for iPhone users to download it. The Cupertino, California, company did not provide an explanation, telling only that there wasgoed an “unresolved issue” with the app, CNN Money reported.

Te response, Blockchain said Apple eliminated its application because it eyed it spil a threat to its own mobile payment ambitions.

This wasgoed the last Bitcoin wallet app te the app store. It is still available for Android users through the Google Play Store.

Last week, the US government arrested Charlie Shrem, CEO of a Bitcoin exchange BitInstant and vice chairman of the non-profit Bitcoin Foundation, which advocates for use of the currency. A US district attorney charged Shrem and a fucking partner with laundering more than $1m worth of Bitcoins for Silk Road, a secret online community allegedly used for drug trafficking.

Related movie: Bitcoin Price Prediction 2018: Can cryptocurrency klapper $50,000 this year? -(In-Depth Analysis)


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