KnC Enters Cloud Mining Services
The new data center marks KnCs entry into cloud mining services. Its the latest in a series of bitcoin companies to announce the establishment of multi-megawatt data centers for Bitcoin mining the term for using data-crunching computers to earn newly-issued virtually currency. Like hyperscale computing companies such as Facebook, Bitcoin companies are chasing cheap power to improve the profitability of running their power-hungry rigs.
We searched all over the world for a suitable place to build
the first of many of our own mega data centers, and to find the best location lying right here in our home country is fantastic, said Sam Cole, one of the co-founders at KnC Miner. Our highly advanced technology consumes a lot of energy, so for us it was imminent to find a production site with access to renewable yet stable and safe energy. We have had an incredible amount of support from The Node Pole representatives, local companies and the government here in Boden.
The Node Pole initiative seeks to market Sweden as a destination for data center development, leveraging the regions abundance of stable and competitively priced electricity from renewable energy.
KnC Miner started construction last week, but expects it to be fully operational already within the next few months. Representatives of the Node Pole said that KnC is already in discussions with local authorities regarding the establishment of even larger facilities in the local area already later this spring.
source:
http://www.datacenterknowledge.com/archives/2014/02/06/bitcoin-miners-building-10-megawatt-data-center-sweden/-- so they are not really busy building our miners..... They are working in a formal helicopter hangar for their own business.