Norway’s fourth richest man and hedge fund manager, Ole Andreas Halvorsen has decided to invest in an energy-reducing cryptocurrency mining chip hardware company. The Norwegian billionaire has declared to build an Application Specific Integrated Circuit (ASIC) mining chips. These mining chips are allegedly more energy-efficient and can save 300-500% more energy. Norwegian Billionaire Invests in Crypto Billionaire hedge fund manager Ole Andreas Halvorsen is ducking its toes into the crypto-market. Halvorsen is joining numerous popular leading investors of the crypto-sphere. The investors like Kjell Inge Røkke, Bjørn Dæhlie, and Arne Fredly are well-known experts of the crypto-space. Halvorsen himself is a top-earning hedge fund manager all over the world. He has captured 11th position for the same globally. Harmonychain’s Declaration for Energy Reducing Crypto Mining According to the report written by Teodor Stig-Matz, Harmonychain was supposed to be listed on the Oslo Stock Exchange. The website has a lot of fascinating asseverations about the firm’s microchips as well. The company is developing a “dual-purpose Artificial Intelligence (AI) and Scrypt algorithm ASIC Supercomputer microchip.” However, Stig-Matz’s report accounts for the rescheduling of the listing on the Oslo Stock Exchange. The harmonychain.com website adds: “The microchip] is tailored towards Cryptocurrency accounting/mining that is up to 300%-500% more energy efficient than existing Scrypt accounting computer systems.” The website further adds in its FAQs that “If prototype production works well, we plan to start mass deliveries in H2 2022 and 2023. According to industry standards, customers can expect to prepay approx. 9-12 months prior to delivery. The Supercomputer is poised to be the most profitable Crypto hardware on the market. Our Crypto Supercomputer miners have an estimated payback of fewer than 2 years,” According to the claims, if research goes well, Harmoychain can hope to position the Scrypt ASIC semiconductors with Artificial Intelligence AI by 2022 and 2023. The chips designed are 300-500% more energy-saving and significantly reduce the energy consumption by 70-80%. Halvorsen adding to the crypto economy is an indication of bullish behavior of the space. Halvorsen also joins a number of venture capitalists and well-known hedge fund managers stepping into the cryptocurrency economy.
The post Norwegian Billionaire Invests in Energy Reducing Crypto Mining appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
