EXTRABIT establishes itself as a crypto mining company which has been making quite a mark in the cryptocurrency arcadia. In the recent months, the aspiring company has been successful at acquiring a contract from the local supplier which entitles them to free electricity usage over the course of the initial five years the supplement the mining functionality by virtue of complex hardware systems.
To mine cryptocurrency, an array of heavy and proficient hardware mechanics is needed. These are a complex set of highly sophisticated computers that help solve the complex algorithms on the Blockchain technology, thus yielding cryptocurrencies. At the same time, these high-level computers also need a lot of electricity to run properly. Meeting these demands in a conventional manner can be quite difficult since the associated funding is way off the charts.
Mack Deacon CEO / Founder
Extrabit is a mining company which has already proven itself as an influential force in the mining community. The startup continues to make tremendous progress ever since it began in August 2017. In only 6 months, founder Mack Deacon could negotiate an impressive deal with a local power company. The deal includes a 50% lifetime discount on electricity costs. On top of that, the benefactor agreed to supply Deacons mining company with Free Electricity for the first five years of the contract.
Bright team with a clear Advantage
This agreement is the first of its kind and is a clear sign of bitcoins evolution into a global technology. It is easy to understand that this creates a powerful advantage for Deacon and his team. Extrabit is set to quickly show itself as a leader in Blockchain technology. With immense potential, it is sure to amplify the disruptive force of Blockchain technology.
The free electricity offer was made in return for providing Blockchain technology to local supplier and its partners. The local supplier has endorsed Extrabit due the fact that the association will help yield them better results towards decentralizing bitcoin mining in the state. The company has a core reputation for mining, developing, and distributing the latest Blockchain technologies.