Cryptotech Announces Initial Token Crowdsale for World’s Largest and Most Efficient Bitcoin Mining

Cryptotech AS, a Norwegian based Cryptocurrency mining company announced today the start of its initial Crowdsale related to the establishment of what will be the world’s largest Bitcoin mining facility operating at ultra-high efficiency and operating speeds. Cryptotech’s mine, to be operational in August 2018, is leveraging a disruptive patent pending technology in the semiconductor industry which provides for 80% lower power consumption of chips in a package nearly twice as small. This is achieved by employing a recent invention that allows semiconductor manufacturers to produce more efficient chips from using only one type of transistor – the N-type transistor.

Prior to this novel invention, semiconductor chips were required to be made with two types of transistors – an “N-type” and “P-type” – resulting in higher costs and higher power consumption.

The ultra-low power of Cryptotech’s chip also allows for much faster operating speeds since less heat is created at high speeds due to the efficient design. Therefore, Cryptotech’s mine operation, which will be powered by 150MW of clean hydroelectric power, will be equivalent in hashing power to a 750MW powered mine operating the most efficient miners today such as those from Bitfury, Bitmain, and others.

Cryptotech’s Initial Token Crowdsale is offering customers an unprecedented return on investment guarantee for those purchasing tokens during the early period from Nov. 5 to Nov. 30. Token buyers may purchase for $100 a token which may be exchanged for 1TH/s SHA-256 hashing power for a two year period with no additional charges for energy or maintenance fees.

The contract may be extended for up to two years for a nominal fee to cover energy costs and maintenance fees. Cryptotech’s Crowdsale is limited to a maximum of 1 million tokens. The attractive pricing is expected to attract both savvy Bitcoin professionals and enthusiasts alike. During November, tokens may be purchased in increments of $100 for 1 token, $9,500 for 100 tokens, or $90,000 for 1,000 tokens. On December 1, the price of tokens will double to regular price. Token is based on Ethereum smart contracts, and Cryptotech will apply for listing on major exchanges in December 2017.

In addition to Bitcoin, Cryptotech is positioned to become the leading cryptocurrency miner in the world by 2020 with plans to mine other algorithms apart from SHA-256.

“The impact cryptocurrency has had on society so far is just the tip of the iceberg,” said Erik Solberg, CEO Cryptotech. Details are available at https://www.cryptotech.no/product/token-pre-sale-1-ths/

Disclaimer:

• The value of investments can go down as well as up
• Investors may not get back the amount they invested
• Past performance is not a guide to future performance
• Please consult an independent registered investment advisor before making any investment
• The news site hosting this press release is not associated with Cryptotech AS. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the product or service.

About Cryptotech

Cryptotech AS is a Norwegian-based mining company with facilities in Norway, as well as development facilities in the US. The company is now developing the world’s largest Bitcoin mining facility in Norway, which is driven by more than 150 MW of clean hydroelectric energy.