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

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



Start mining Bitcoin today: https://pool.bitcoin.com/index.html?code=xNF8r7
Read More: https://news.bitcoin.com/chinese-company-bitbank-raised-1-5m-fund-new-bitcoin-mining-facility/

Video originally from May 2016. According to Bitbank’s crowdfunding page, Bitbank is constructing a mining facility that will be equipped with the world’s only 14nm miners. The Xinjiang mining facility should produce around 30 petahash of hashing power. Bitbank was offering investors a 6.9% interest rate on investments in the bitcoin mining facility with 100% of funds that are supposed to be returned after the mining facility is completed construction. Bitbank said that they “ensure [a return on] the investment due to the low power cost in the facility.”

1 Comment

  1. bw.com built something. very exciting.

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