Stavanger duo is building Norway's largest bitcoin factory | OSTK Message Board Posts

Overstock.com, Inc.

  OSTK website

OSTK   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  43965 of 44359  at  12/14/2017 5:44:33 AM  by

ICE


Stavanger duo is building Norway's largest bitcoin factory

The two Stavanger entrepreneurs Rein-Owe Flister and Kjetil Hove Pettersen make several tens of millions of kroner to become Norway's biggest bitcoins winner.

At Forus outside Stavanger is one of the biggest investments in bitcoin in Norway, writes DN, who is visiting Norway's largest bitcoin factory.

" We have 500 machines," said Rein-Owe Flister, to the newspaper.

He has leave from work as a police officer. Now he is working together with his mate and IT expert Kjetil Hove Pettersen through the company Kryptovault. The two will probably be the biggest in mining of kryptovaluta, so-called extraction recovery in Norway. It is primarily bitcoin that applies to Kryptovault, but the company also extracts other crypto currencies such as ethereum, litecoin and dash, according to DN.

Since this summer, the two have invested around NOK ten million in Chinese bitcoin machines. Three million kroner are collected from investors, while the rest is earned from the operation of the machines.

The Stavanger duo says that between 70 and 80 percent of Kryptovault's machines are rented to investors and customers pay around NOK 20,000 a year to rent a machine at Kryptovault.

With a bitcoin price that has gone from $ 2,700 in late summer to almost $ 17,000 now, there have been no shortages of customers.

"We sold too early and too cheap; investors have already covered their original investment in in three months, says Flister to DN. They do not want to give any figures how big their values ​​are in bitcoin today.



     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0     Views: 420
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board








Financial Market Data provided by
.
Loading...