Because Bitfury are not picking Australia. The deal has zilch to...

Because Bitfury are not picking Australia.
The deal has zilch to do with Bitfury.

It's a startup trying to raise cash via an ICO using a closed power plant for access to power.



Heading of this anns is totally misleading IMO.

IOT signs one of the largest bitcoin miners?
Who? Which miner is that? Have they signed with Bitfury or Royalti?

It seems IOT have a deal to supply some power (which they don't own), using a power plant (they don't own and has no current power or approval) to a supplier/installer of Bitfury hardware?

haha.

Sidenote: I was an early miner of bitcoin back in 2012, know all about Bitfury and many others in the miner game.

Min order now via Bitfury is $2m.

Its not new, its already in AUS, you don't need to go via Royalti Blockchain Group (whoever the hell they are) to get access to credible miner hardware.

Royaliti Blockchain group has been around since, wait for it....January 2018 (a whole 4 months)

They are trying "trying" to start an ICO ...shake head

http://www.royaltiblockchain.com/

http://www.royaltiblockchain.com/assets/files/Royalti Whitepaper V1.3.6.pdf

"Launching the world's first crypto and blockchain mining DAO, powered by A.I and directed by token holders."

I've just read their ICO whitepaper and it seems in essence they looking to raise lots of capital and this will enable them to buy the pods setting up as a miner using this nonworking power plant.


I have no more words to say.