BITTECH — SteemCN

GLOBAL TECHNOLOGY COMPANY

ABOUT THE COMPANY

BITTECH is a global technological company. The company mission is to make cryptocurrency mining a legal, easy, and reliable way to earn money.

The production is based on ASIC chips with a customized architecture built on the technological process of 10 and 14 nm and the development of software for the produced miners.
BELOW ARE SOME FACTS ABOUT THE CURRENT BITTECH BUSINESS:

Currently, our company is seeking to raise funds through the ICO for the development of new products in the cryptocurrency miner range, as well as to construct three more data centers in Canada, Iceland and Estonia.

BITTECH LTD

The modern industry of global mining will now have to answer several major questions that will define its future. The trend to consolidate mining pools in one country (China) and lack of consensus between the Chinese miners, the Chinese government and the major market players greatly influence the blockchain development. A technological leap and a modern and affordable solution for end users are required to resolve the accumulated contradictions. The release of a groundbreaking product sets a new standard for miner performance and will restore the network decentralization, and building data centers in several countries will attract new people to the world of mining and blockchain.

China is the world leader in innovative technologies, but consolidating all this technology in one place is not safe and contradicts the very idea of decentralization. Bittech's innovative chips, coupled with decentralized mining technology through data centers, will allow the creation of an efficient distributed system of investors, producers and miners, where everyone is interested in the end result: efficient and affordable mining.

BITTECH PROJECT HAS THE FOLLOWING PRIORITY TASKS:

The development and implementation of a new generation of BITTECH series miners based on BT ASIC chips for basic hashing algorithms;
The reduction of miner costs for buyers;
The introduction of services for the miner sales, which allow the start of mining in a short time;
The creation of a distributed mining network by building data centers.

FEATURES OF THE PROJECT:

The 14nm BT0014 chip was developed for the SHA-256 algorithm, whose performance and energy efficiency was improved by 20-25% compared to the 16nm chips of competitors;
The 10nm BT0010a chip was developed for the SHA-256 algorithm, with chip performance improved by 7% over Bt0014;
The 10nm BT0010La chip was developed for the Scrypt algorithm, whose performance is 15-20% higher than the competitors’, and the energy efficiency was improved by 5-7%;
Serial production of the BITTECH One miner for the SHA-256 algorithm on BT0014 chips was launched, with a 28Th/s capacity, and consumption of only 2,200W;
Prototype of the BITTECH One S miner for the SHA-256 algorithm on BT0010a chips was launched, with 36Th/s capacity and consumption of only 2,800W;
Construction of a data center in Russia, Irkutsk region, with a total capacity of 21MW was begun.

HOW DID BITTECH EMERGE?

The current business owners Jihan Luo and Alexsandr Maiorov first met in the end of 2016 at a fintech exhibition in China, and six months later they began to produce new chips and miners, having invested $2+ mln in software and hardware development.

IDEA BEHIND THE BUSINESS

Aside from creating modern miners, the management took the existing trends and problems of the cryptocommunity and miners in particular into account. This is how the idea emerged, which later developed into a separate activity of building several cryptocurrency data centers whose production capacity will be used to host branded miners and also be leased to customers for the installation of purchased Bittech miners. This service was named the Service Contract. By using the Service Contract, customers will not have to worry about searching for the best infrastructure, services, transportation, and of course any legal issues regarding cryptominer hosting.

As such, the BITTECH project makes mining accessible for the global population, supporting the core values of blockchain: decentralization, transparency and security.

TECHNOLOGY

DISTRIBUTED MINING

Distributed mining is a technology of distributed creation of cryptocurrencies that combines the new available product range for mining equipment, which allows the creation of an efficient, decentralized network and low mining costs.

Bittech is going to build 4 data centers in Canada, Iceland, Estonia and Russia. The company began to build a data center in the Irkutsk region, Russia, with a total capacity of 21MW for 9000 ASICs in the third quarter of 2018.

These are the following prerequisites for the creation of such a network in the above countries:

Surplus of electrical capacities;
Easy access to the wholesale electricity market;
Cheap electricity;
Reliable energy system;
Cold climate;
Affordable price of the Bittech range of miners for the population.

You will be able to buy a BTECH token during the ICO that gives the right to buy the most modern and productive miners of BITTECH series built on 10- 14nm chips, as well as to buy a service contract under beneficial terms to host the miner in the Bittech Data Center.

POWER SHARING, SPECIALIZATION

To enter the market with a new product range of miners as soon as possible, as well as for the rapid construction of data centers, Bittech delegates some obligations to partners: Singamas (mobile data center solutions), IGC (supply and installation of ventilation systems), Cisco (network solutions, telecommunications), Legrand (automation systems, data center electrification, firefighting and monitoring systems), TSСM (10 nm and 14 nm chips production). Clear power sharing and technological processes within the system will achieve the goals on time.

BITTECH DATA CENTER

KEY CHARACTERISTICS:
Total capacity - up to 9000 Bittech One
Hash rate - up to 300Ph/s
Power - up to 25MV

BITTECH has opened large cryptocurrency data-processing centres (DPC) in Iceland, Estonia, Canada, and Russia. Every DPC is a professionally arranged platform for the Bittech One miner that includes our own, cutting-edge, 14 nm chip. BITTECH company has tried its best to develop infrastructure and technologies that make the mining process as simple and convenient as possible. In April 2018, BITTECH began construction of the first data center in the Irkutsk region, Russia with a total capacity of 9,000 miners on an area of more than 5,000 sq.m.

BITTECH BACKGROUND

_ FOUNDED IN 1.2017
launch of the hardware and software solutions development

Q2-Q3 2017
prototyping of the first miner on 14nm chips – Bittech One
Q4 2017</b?
testing of pre-production Bittech One samples, software development
Q1 2018
production of the first lot of Bittech One – 2,000 units

Q2 2018
start of preparation for ICO

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Author: Nyx Ulric
BITCOINTALK