Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: RSRS on July 27, 2021, 07:13:07 AM
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Thailand-based data center services provider Jasmine Telecom Systems (JTS) is taking a huge step into Bitcoin, announcing last week that it plans to launch a Bitcoin mining business.
JTS is not just breezing into this new territory but is taking a deep plunge as it plans to become the largest Bitcoin mining farm in Asean by 2024. By taking practical steps, the company aims to work towards its intended goal.
One of the steps JTS plans to take is by gradually installing 500 Bitcoin mining machines in the third quarter at its Jastel Data Center. After installing those, it plans to install another 5,000 machines at industrial estates that work alongside Jastel Network, a telecom network and service provider under JTS, by the beginning of next year.
By installing more and more bitcoin mining machines, JTS aims to have about 50,000 machines before the next Bitcoin halving, which is expected to happen in 2024. With that number of mining machines, the company hopes to mine more than 16,000 BTC per year.
To fully accomplish its goal of becoming the largest Bitcoin mining farm in Asean, JTS also has additional plans of having a mining capacity of more than 5 exahash per second, or 5% of the total global mining capacity.
More Information (https://cryptonews.net/en/news/mining/1184777/)