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Writer's pictureFahad H

Chinese firm Bitbank raised $1.5m to fund new bitcoin mining facility


Start mining Bitcoin at present: bitcoin.com/index.html?code=xNF8r7″ goal=”_blank”>https://pool.bitcoin.com/index.html?code=xNF8r7 Read More: bitcoin.com/chinese-company-bitbank-raised-1-5m-fund-new-bitcoin-mining-facility/” goal=”_blank”>https://news.bitcoin.com/chinese-company-bitbank-raised-1-5m-fund-new-bitcoin-mining-facility/

Video initially from May 2019. According to Bitbank’s crowdfunding web page, Bitbank is developing a mining facility that will probably be geared up with the world’s solely 14nm miners. The Xinjiang mining facility ought to produce round 30 petahash of hashing energy. Bitbank was providing buyers a 6.9% rate of interest on investments within the bitcoin mining facility with 100% of funds which might be presupposed to be returned after the mining facility is accomplished development. Bitbank mentioned that they “ensure [a return on] the investment due to the low power cost in the facility.”

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