Rome - Cryptocurrency mining is getting more and more exciting, with one of them being shown by the idea of creating Bitcoin Cs mining around.
An Italian cryptocurrency mining company, Bitminer Factory, has a unique way to dredge more digital currencies. It intends to have a circular mine that recruits more miners, like a mobile ice-cream truck that attracts children.
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To make this happen, Gabriele Angeli and Gabriele Stampa, founder of Bitminer Factory, are doing fundraising with a target of reaching USD 25 million. To date, 140 miners have joined the company from Florence, or Firenze.
Later, they intend to enter their own machine named Bitminer 8 into the container and then mounted on a truck. It allows miners to move to places with less expensive resources across Europe.
"With this mobile mining we want to conquer Europe, which will allow us to run the business model we've tried in Florence," Angeli said.
Interestingly, the Bitminer 8 machine owned by this company stems from a prototype that is attached to a plate drawer as its chassis. Even so, the computer system is still able to mine a variety of cryptocurrency, except Bitcoin as the most difficult to mined.
This is because Bitcoin mining requires higher computational activities that consume a lot of energy. In addition, the supply of the devices needed to mine Bitcoin is still controlled by Bitmain Technologies and Canaan Creative from China and Bitfury from the United States.
In contrast to other cryptocurrency mining activities because the device used is simpler. In addition, the market is more open to small companies like Bitminer Factory which uses renewable energy sources for its operations.
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The plan, as mentioned by Angeli, Bitminer Factory will begin to open a new mining center in southern Italy this year. This will lead to the realization of the movable mining they have mentioned earlier.