Norway-based cryptocurrency mining company Cryptotech AS today announced the launch of its first crowdsale in connection with the creation of the world's largest, ultra-efficient and ultra-fast-operating Bitcoin mining facility. Cryptotech's mining, scheduled to be operational in August 2018, leverages disruptive patent-pending technology in the semiconductor industry to reduce chip power consumption by 80% in a nearly twice as small package. This is achieved by employing a recent invention that enables semiconductor manufacturers to produce more efficient chips using only one type of transistor (N-type transistors).
Before this revolutionary invention, semiconductor chips had to be made with two types of transistors, “N-type” and “P-type,” which increased costs and consumed more power.
Cryptotech's chips are ultra-low power, so their efficient design means they generate less heat even at high speeds, allowing them to operate much faster. Therefore, a Cryptotech mining operation running on 150MW of clean hydroelectric power will be on par in hash power with a 750MW mining operation running the most efficient miners today, such as Bitfury, Bitmain, etc.
Cryptotech's initial token crowdsale is offering an unprecedented return on investment guarantee to customers who purchase tokens during the initial period from November 5 to November 30. Token buyers can purchase them for $100 per token and exchange them for 1TH/s of SHA-256 hashing power for two years with no additional energy or maintenance fees.
Contracts can be extended for up to two years with a small fee to cover energy and maintenance costs. Cryptotech's crowdsale is limited to a maximum of 1 million tokens. Attractive pricing is expected to attract both Bitcoin-savvy professionals and enthusiasts. During November, tokens can be purchased in increments of $100 per token, $9,500 per 100 tokens, and $90,000 per 1,000 tokens. On December 1st, the token price will double from its regular price. The token is based on Ethereum smart contracts, and Cryptotech plans to apply for listing on major exchanges in December 2017.
In addition to Bitcoin, Cryptotech also plans to mine algorithms other than SHA-256, and aims to become the world's leading cryptocurrency miner by 2020.
“We're only just seeing the tip of the iceberg of what cryptocurrencies have done to impact society,” said Eric Solberg, CEO of Cryptotech. More information available at https://www.cryptotech.no/product/token-pre-sale-1-ths/.
Disclaimer:
- The value of your investment can go down as well as up.
- Investors may not get back the amount they invested
- Past performance is not indicative of future performance
- Please consult an independent registered investment advisor before making any investment.
- The news site posting this press release is in no way affiliated with Cryptotech AS. This site merely posts press release announcements submitted by companies and does not expressly or impliedly endorse any products or services.
About Cryptotech
Cryptotech AS is a Norway-based mining company with facilities in Norway and a development facility in the U.S. The company is currently developing the world's largest Bitcoin mining facility in Norway, which will be powered by over 150 MW of clean hydroelectric power.
