16.11.2016 Финансы, банки

Remigijus Mikalauskas: "How much is your own data center costs and how to acquire it without having money?"

In an interview with our journalist CEO of Bitcoin World Remigijus Mikalauskas has shared the secret of how, having on hand the minimum amount of money to purchase own data center.

"2015 year was a very depressive period for the market, as many medium and big mining businesses went bankrupts. They were sued in numerous courts and had to pay penalties. In such conditions other companies just bought their assets for much cheaper than the real price or rent data center with option to buy it out later on, like our company did. Of course, it is almost impossible to enter this market with no initial capital. My company already had both capital and operating experience since 2011, plus, we worked with a very professional team and independent investors, so this market is not new for us. If you believe in the future of bitcoin, you should take the risk. Recently I analyzed the statistics of bankruptcies in summer 2016 and the numbers were impressive. Many miners still selling their farms in fear that bitcoin will become unprofitable. I suggest buying the business now because tomorrow may be too late" - said CEO of the large British company, Remigius Mikalauskas.

Indeed, sometimes life offers us so many options, using which, there is a possibility to win a ticket to the happy future. Many analysts predict that bitcoin is a future of the digital currency that someday may substitute all other currencies.

About the company

Bitcoin World is a British company engaged in cryptocurrency mining. Officially registered in the UK in August 2016, Bitcoin World, however, has an earlier history of creation and foundation.
From February 2016, company’s General Director Remigijus Mikalauskas has signed an agreement to acquire data center located in Sweden, through the lease with further option to purchase it. All equipment of the mining farm also departs at the disposal of the new owner. At the moment, the capacity of the leased data center with its own production accounts is more than 16 PH/s.

After receiving the official status, Bitcoin World is engaged with the production of electronic gold not only for own needs, but also provides servers of different capacity in the sublease. Customers can choose the power and speed of the leased server; calculate its profitability, the payback period of the rent, as well as size and the net profit from mining.

Bitcoin World provides services for mining bitcoin and forks on different algorithms: SHA256, X11, Dagger-Hashimoto Scrypt mining.

Starting from February 2016, company continuously increases its base of cryptocurrency and production capacity, gains momentum rapidly. Until 2020 company’s management is planning to fully acquire data center. However, in August 2016, plans have changed and now there is a question on early repayment of the contract before the end of 2017.